Non-Controlling Interests (Tables)

3 Months Ended

Mar. 31, 2024

The following table summarizes the ownership interest in Dutch Bros OpCo:


	March 31, 2024
(in thousands)	OpCo Units	Ownership %
Dutch Bros OpCo Class A common units held by Dutch Bros Inc.1	93,228	52.6	%
Dutch Bros OpCo Class A common units held by non-controlling interest holders	83,951	47.4	%
Total Dutch Bros OpCo Class A common units outstanding	177,179	100.0	%

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1 Includes approximately 0.04 million Dutch Bros OpCo Class A common units related to unvested restricted stock awards held by former Profits Interest Units holders. These Dutch Bros OpCo Class A common units are excluded from non-controlling interest calculations.

Schedule of Changes in Ownership

The following table summarizes the effect of changes in ownership of Dutch Bros OpCo on the Company’s equity for the periods presented:


(in thousands)	Three Months Ended March 31,
		2024		2023
Net income (loss) attributable to Dutch Bros Inc.		$	7,062	$	(3,842)
Other comprehensive income:
Unrealized gain (loss) on derivative securities, effective portion, net of income tax impacts		381		(223)
Transfers from (to) non-controlling interests:


Increase in additional paid-in capital as a result of equity-based compensation		991		3,200
Decrease in additional paid-in capital as a result of common stock issuances pursuant to vesting of equity awards, net of stock withheld for tax		1,867		(661)

Increase in additional paid-in capital as a result of the acquisition of Dutch Bros OpCo Class A common units		40,377		1,054
Total effect of changes in ownership interest on equity attributable to Dutch Bros Inc.		$	50,678	$	(472)

Schedule of Non-Controlling Interest Holders' Weighted-Average Ownership Percentage

The non-controlling interest holders’ weighted-average ownership percentage were as follows for the periods presented:


	Three Months Ended March 31,
		2024		2023
Weighted-average ownership percentage		53.0	%	65.1	%