XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Noncontrolling Interests
12 Months Ended
Dec. 31, 2011
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
Noncontrolling Interests
In June 2009, the Company completed the purchase of 833,333 shares of Series A Preferred Stock and 12.8 million shares of common stock of its majority-owned subsidiary Charlotte's Networks, Inc. The total purchase price was $1.5 million. After the purchase, MRV owned all of the preferred stock and 99.7% of the common stock of Charlotte's Networks. On August 4, 2009 the subsidiary was merged into MRV. The $1.0 million difference between the purchase price and the carrying amount of the noncontrolling interest was recognized as a reduction of MRV equity.
On October 29, 2010 the Company completed the purchase of the remaining 40 percent interest in Tecnonet S.p.A, its majority owned Italian Network Integration subsidiary, for $5.6 million. After the purchase, MRV is the 100% owner of Tecnonet S.p.A. The noncontrolling interest's share of the net book value of Tecnonet was $6.7 million as of the date of the transaction. The amount by which the noncontrolling interest balance exceeded the purchase price was recorded as an increase in MRV equity.