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Noncontrolling Interest
12 Months Ended
Dec. 31, 2014
Noncontrolling Interest [Abstract]  
Noncontrolling Interest

Note 18 Noncontrolling Interests

 

 

 

On July 15, 2013, the Company acquired approximately 82% of the outstanding shares and voting rights of Phenix Systems, a global provider of direct metal selective laser sintering 3D printers based in Riom, France. Phenix’s operating results are included in these consolidated financial statements. In accordance with ASC 810, “Consolidation,” the carrying value of the noncontrolling interest is reported in the consolidated balance sheets as a separate component of equity and consolidated net income has been adjusted to report the net income attributable to the noncontrolling interest. Subsequent to the acquisition, the Company completed a tender offer and acquired additional shares and voting rights of Phenix Systems. As of December 31, 2014, the Company owned approximately 95% of the capital and voting rights of Phenix Systems.