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NON-CONTROLLING INTERESTS

9 Months Ended

Sep. 27, 2017

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS

We are the sole managing member of SSE Holdings and, as a result, consolidate the financial results of SSE Holdings. We report a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. The Third Amended and Restated Limited Liability Company Agreement, as further amended, (the "LLC Agreement") of SSE Holdings provides that holders of LLC Interests may, from time to time, require SSE Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, we will receive a corresponding number of LLC Interests, increasing our total ownership interest in SSE Holdings. Changes in our ownership interest in SSE Holdings while we retain our controlling interest in SSE Holdings will be accounted for as equity transactions. As such, future redemptions or direct exchanges of LLC Interests in SSE Holdings by the other members of SSE Holdings will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital.

The following table summarizes the ownership interest in SSE Holdings as of September 27, 2017 and December 28, 2016.

	September 27, 2017						December 28, 2016
	LLC Interests			Ownership%			LLC Interests			Ownership %
Number of LLC Interests held by Shake Shack Inc.	26,161,111			71.2	%		25,151,384			69.1	%
Number of LLC Interests held by non-controlling interest holders	10,567,792			28.8	%		11,253,592			30.9	%
Total LLC Interests outstanding	36,728,903			100.0	%		36,404,976			100.0	%

The weighted average ownership percentages for the applicable reporting periods are used to attribute net income and other comprehensive income (loss) to Shake Shack Inc. and the non-controlling interest holders. The non-controlling interest holders' weighted average ownership percentage for the thirteen and thirty-nine weeks ended September 27, 2017 was 29.1% and 29.7%, respectively. The non-controlling interest holders' weighted average ownership percentage for the thirteen and thirty-nine weeks ended September 28, 2016 was 33.9% and 38.5%, respectively.

The following table summarizes the effects of changes in ownership of SSE Holdings on our equity during the thirteen and thirty-nine weeks ended September 27, 2017 and September 28, 2016.

		Thirteen Weeks Ended								Thirty-Nine Weeks Ended
		September 27 2017				September 28 2016				September 27 2017				September 28 2016
Net income attributable to Shake Shack Inc.		$	4,997			$	3,766			$	12,143			$	8,526
Other comprehensive income (loss):
	Unrealized holding gains (losses) on available-for-sale securities	47				(5		)		45				(10		)
Transfers (to) from non-controlling interests:
	Increase in additional paid-in capital as a result of the redemption of LLC Interests	841				4,708				2,883				15,086
	Increase in additional paid-in capital as a result of activity under stock compensation plans	78				17				3,580				421
Total effect of changes in ownership interest on equity attributable to Shake Shack Inc.		$	5,963			$	8,486			$	18,651			$	24,023

During the thirty-nine weeks ended September 27, 2017 and September 28, 2016, an aggregate of 685,800 and 4,706,663 LLC Interests, respectively, were redeemed by non-controlling interest holders for newly-issued shares of Class A common stock, and we received 685,800 and 4,706,663 LLC Interests in connection with these redemptions for the thirty-nine weeks ended September 27, 2017 and September 28, 2016, respectively, increasing our total ownership interest in SSE Holdings.

During the thirty-nine weeks ended September 27, 2017 and September 28, 2016, we received an aggregate of 323,927 and 101,837 LLC Interests, respectively, in connection with the activity under our stock compensation plan.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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- References

No definition available.

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