Redeemable noncontrolling interest

9 Months Ended

Sep. 30, 2013



11.	Redeemable noncontrolling interest

On August 30, 2012, the Company acquired a 51 percent ownership interest in UNIK, a provider of payroll cards in Brazil. Redeemable noncontrolling interest is measured at fair value at the date of acquisition. The redeemable noncontrolling interest is reported on the Company’s condensed consolidated balance sheets as “Redeemable noncontrolling interest."

A reconciliation of redeemable noncontrolling interest for the three and nine month periods ended September 30, 2013 and September 30, 2012, is as follows:



	Three months ended September 30,					Nine months ended September 30,
	2013			2012		2013		2012
Balance, beginning of period	$	19,650		—		21,662		—
Acquisition of subsidiary at fair value	—			21,904		—		21,904
Net loss attributable to noncontrolling interest	(60		)	(14	)	(333	)	(14	)
Currency translation adjustment	172			223		(1,567	)	223
Ending balance	$	19,762		22,113		19,762		22,113

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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