Noncontrolling Interest – Redeemable and Non-redeemable (Tables)

9 Months Ended

Sep. 30, 2022

Noncontrolling Interest [Abstract]

Summary of Changes in Redeemable Noncontrolling Interest

Changes in the redeemable noncontrolling interest are as follows:

(in thousands)
Balance at December 31, 2021	$	5,444
Net loss attributable to redeemable noncontrolling interest		(354	)
Adjustment to the redemption value		763
Foreign currency translation adjustment		(596	)
Balance at September 30, 2022	$	5,257

Non-redeemable noncontrolling interest

Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the equity ownership interest that we do not own.

Changes in the non-redeemable noncontrolling interest are as follows:

(in thousands)	Glacier Park Inc.			Brewster (1)			Sky Lagoon			Total
Balance at December 31, 2021	$	15,315		$	58,601		$	11,640		$	85,556
Net income attributable to non-redeemable noncontrolling interest		2,092			2,329			(1,390	)		3,031
Distributions to non-controlling interests		—			(570	)		—			(570	)
Foreign currency translation adjustments		(27	)		(5,128	)		(1,178	)		(6,333	)
Balance at September 30, 2022	$	17,380		$	55,232		$	9,072		$	81,684
Equity ownership interest that we do not own		20	%		40	%		49	%

(1)Includes Mountain Park Lodges and the Golden Skybridge at Brewster, part of the Banff Jasper Collection.