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v3.20.1

Consolidated Statements of Shareholder's Equity (Deficit) (Unaudited) - USD ($) $ in Thousands | Total | Redeemable Common Stock | Common Stock | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Accumulated Deficit) | Accumulated Other Comprehensive Income (Loss) | Total Parsons Equity (Deficit) | Noncontrolling Interest
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2018 | $ (921,076) |  |  | $ (957,025) |  | $ 12,445 | $ (22,957) | $ (967,537) | $ 46,461
Beginning balance, Temporary Equity at Dec. 31, 2018 |  | $ 1,876,309 |  |  |  |  |  |  |
Comprehensive income |  |  |  |  |  |  |  |  |
Net income | 13,386 |  |  |  |  | 9,741 |  | 9,741 | 3,645
Foreign currency translation gain, net | 2,547 |  |  |  |  |  | 2,547 | 2,547 |
Pension adjustments, net | 9 |  |  |  |  |  | 9 | 9 |
Adoption of accounting standards | ASC 842 | 52,608 |  |  |  |  | 52,608 |  | 52,608 |
Purchase of treasury stock |  |  |  | (813) |  | 813 |  |  |
Temporary equity, Purchase of treasury stock |  | (813) |  |  |  |  |  |  |
Contributions | 708 |  |  |  |  |  |  |  | 708
Distributions | (18,822) |  |  |  |  | 164 |  | 164 | (18,986)
Temporary equity, Distributions |  | (164) |  |  |  |  |  |  |
Ending Balance at Mar. 31, 2019 | (870,640) |  |  | (957,838) |  | 75,771 | (20,401) | (902,468) | 31,828
Ending Balance, Temporary Equity at Mar. 31, 2019 |  | $ 1,875,332 |  |  |  |  |  |  |
Beginning balance at Dec. 31, 2019 | 1,660,756 |  | $ 146,441 | (934,240) | $ 2,649,975 | (218,025) | (14,261) | 1,629,890 | 30,866
Comprehensive income |  |  |  |  |  |  |  |  |
Net income | 14,371 |  |  |  |  | 12,973 |  | 12,973 | 1,398
Foreign currency translation gain, net | (8,800) |  |  |  |  |  | (8,792) | (8,792) | (8)
Pension adjustments, net | (61) |  |  |  |  |  | (61) | (61) |
Adoption of accounting standards | ASC 2016-13 | (1,000) |  |  |  |  | (1,000) |  | (1,000) |
Contributions | 221 |  |  |  |  |  |  |  | 221
Distributions | (360) |  |  |  |  |  |  |  | (360)
Stock-based compensation | 2,252 |  |  |  | 2,252 |  |  | 2,252 |
Ending Balance at Mar. 31, 2020 | $ 1,667,379 |  | $ 146,441 | $ (934,240) | $ 2,652,227 | $ (206,052) | $ (23,114) | $ 1,635,262 | $ 32,117

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