Changes in Carrying Amount (Fair Value) of Redeemable Non-Controlling Interest |
For the years ended December 31, 2023, 2022 and 2021, the following table details the changes in the carrying amount (fair value) of the
redeemable non-controlling interests.
|
|
For the Year Ended
|
|
|
|
December 31, 2023
|
|
|
December 31, 2022
|
|
|
December 31, 2021
|
|
|
|
(In thousands) |
|
Beginning balance
|
|
$
|
167,515
|
|
|
$
|
155,262
|
|
|
$
|
132,340
|
|
Net income allocated to redeemable non-controlling interest
|
|
|
4,426
|
|
|
|
6,902
|
|
|
|
11,358
|
|
Distributions to redeemable non-controlling interest partners
|
|
|
(11,533
|
)
|
|
|
(10,102
|
)
|
|
|
(11,359
|
)
|
Changes in the fair value of redeemable non-controlling interest
|
|
|
13,565
|
|
|
|
3,862
|
|
|
|
13,011
|
|
Purchases of redeemable non-controlling interest
|
|
|
(12,073
|
)
|
|
|
(16,061
|
)
|
|
|
(30,204
|
)
|
Acquired interest
|
|
|
11,007
|
|
|
|
26,746
|
|
|
|
39,862
|
|
Contributed capital
|
|
|
- |
|
|
|
231
|
|
|
|
-
|
|
Sales of redeemable non-controlling interest
|
|
|
5,012
|
|
|
|
1,982
|
|
|
|
982
|
|
Changes in notes receivable related to redeemable non-controlling interest
|
|
|
(3,091
|
)
|
|
|
(1,901
|
)
|
|
|
(914
|
)
|
Adjustments in notes receivables related to the sales of redeemable non-controlling interest
|
|
|
-
|
|
|
|
594
|
|
|
|
186
|
|
Ending balance
|
|
$
|
174,828
|
|
|
$
|
167,515
|
|
|
$
|
155,262
|
|
|
Carrying Amount of (Fair Value) Redeemable Non-Controlling Interest |
The following table categorizes the carrying amount (fair value) of the redeemable non-controlling interests.
|
|
As of the Year Ended |
|
|
|
December 31, 2023
|
|
|
December 31, 2022
|
|
|
December 31, 2021
|
|
|
|
(In thousands) |
|
Contractual time period has lapsed but holder’s employment has not terminated
|
|
$
|
96,876
|
|
|
$
|
75,688
|
|
|
$
|
80,781
|
|
Contractual time period has not lapsed and holder’s employment has not terminated
|
|
|
77,952
|
|
|
|
91,827
|
|
|
|
74,481
|
|
Holder’s employment has terminated and contractual time period has expired
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Holder’s employment has terminated and contractual time period has not expired
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
$
|
174,828
|
|
|
$
|
167,515
|
|
|
$
|
155,262
|
|
|