v3.3.0.814
Non-controlling interests
 9 Months Ended
Sep. 30, 2015
Noncontrolling Interest [Abstract]  
Non-controlling interests
12.
Non-controlling interests
On August 30, 2012, the Company acquired a 51 percent ownership interest in UNIK. The redeemable non-controlling interest was measured at fair value at the date of acquisition and was reported on the Company’s unaudited condensed consolidated balance sheets as “Redeemable non-controlling interest." On August 31, 2015, the Company acquired the remaining 49 percent ownership in UNIK for $46,018. Due to the put rights associated with the Company's original investment, the non-controlling interest was previously reported as a liability in other than permanent equity. The Company agreed to cancel this put option in conjunction with the acquisition. The value of the redeemable non-controlling interest was adjusted to the redemption value at date of purchase and the Company recorded the adjustment to retained earnings. This adjustment to retained earnings reduces the Earnings Per Share to shareholders. The Company recorded the amount paid in excess of the redemption value in additional paid-in capital and the impact related to foreign currency in accumulated other comprehensive income. The Company's overall purchase price was less than the fair value of UNIK.
A reconciliation of redeemable non-controlling interest for the three and nine month periods ended September 30, 2015 and September 30, 2014, is as follows:
 
Three months ended
 September 30,
 
Nine months ended
 September 30,
 
2015
 
2014
 
2015
 
2014
Balance, beginning of period
$
14,992

 
$
19,732

 
$
16,590

 
$
18,729

Net gain (loss) attributable to redeemable non-controlling interest
531

 
218

 
1,190

 
(31
)
Currency translation adjustment
(1,953
)
 
(1,967
)
 
(4,210
)
 
(715
)
Adjustment to redemption value
9,413

 
—

 
9,413

 
—

Excess purchase amount over redemption value
23,035

 
—

 
23,035

 
—

Purchase of non-controlling interest
(46,018
)
 
—

 
(46,018
)
 
—

Ending balance
$
—

 
$
17,983

 
$
—

 
$
17,983



On December 1, 2014, WEX acquired the assets of ExxonMobil's Esso portfolio in Europe through its majority owned subsidiary, WEX Europe Services Limited. The Company formed this entity during 2013 and has 75 percent ownership.

A reconciliation of non-controlling interest for the three and nine month periods ended September 30, 2015 and September 30, 2014 is as follows:
 
Three months ended
 September 30,
 
Nine months ended
 September 30,
 
2015
 
2014
 
2015
 
2014
Balance, beginning of period
$
13,165

 
$
859

 
$
17,396

 
$
519

Non-controlling interest investment
—

 
20,234

 
—

 
21,267

Net loss attributable to non-controlling interest
(328
)
 
(811
)
 
(3,391
)
 
(1,508
)
Currency translation adjustment
(505
)
 
(1,011
)
 
(1,673
)
 
(1,007
)
Ending balance
$
12,332


$
19,271

 
$
12,332


$
19,271