Redeemable Noncontrolling Interests in Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Changes in Redeemable Noncontrolling Interest in Subsidiaries

The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:


(in thousands)	Consolidated Investment Companies		Other Entities		Total
Balance at December 31, 2024	$	45,085	$	10,429	$	55,514
Net Income (Loss)	2,690		52		2,742
Other Comprehensive Income (Loss), net of tax	903		163		1,066
Subscriptions—Redeemable Noncontrolling Interest Holders	16,107		128		16,235


Distributions to Noncontrolling Interests in Subsidiaries	(7,023)		(1,344)		(8,367)



Balance at March 31, 2025	$	57,762	$	9,428	$	67,190
Net Income (Loss)	6,785		(1,094)		5,691
Other Comprehensive Income (Loss), net of tax	1,854		236		2,090
Subscriptions—Redeemable Noncontrolling Interest Holders	73,940		265		74,205


Distributions to Noncontrolling Interests in Subsidiaries	(12,629)		(907)		(13,536)
Business Acquisition	0		27,353		27,353

Balance at June 30, 2025	$	127,712	$	35,281	$	162,993
Net Income (Loss)	2,409		(440)		1,969
Other Comprehensive Income (Loss), net of tax	(76)		(614)		(690)
Subscriptions—Redeemable Noncontrolling Interest Holders	67,650		10		67,660
Consolidation/(Deconsolidation)	(157,007)		0		(157,007)

Distributions to Noncontrolling Interests in Subsidiaries	(10,929)		(481)		(11,410)


Balance at September 30, 2025	$	29,759	$	33,756	$	63,515


(in thousands)	Consolidated Investment Companies		Other Entities		Total
Balance at December 31, 2023	$	14,341	$	11,504	$	25,845
Net Income (Loss)	(72)		49		(23)
Other Comprehensive Income (Loss), net of tax	0		(106)		(106)
Subscriptions—Redeemable Noncontrolling Interest Holders	2,480		244		2,724
Consolidation/(Deconsolidation)	48,100		0		48,100

Distributions to Noncontrolling Interests in Subsidiaries	(2,853)		(557)		(3,410)


Balance at March 31, 2024	$	61,996	$	11,134	$	73,130
Net Income (Loss)	(1,658)		(144)		(1,802)
Other Comprehensive Income (Loss), net of tax	0		13		13
Subscriptions—Redeemable Noncontrolling Interest Holders	16,315		(12)		16,303
Consolidation/(Deconsolidation)	(52,723)		0		(52,723)

Distributions to Noncontrolling Interests in Subsidiaries	(2,933)		(1,497)		(4,430)


Balance at June 30, 2024	$	20,997	$	9,494	$	30,491
Net Income (Loss)	2,303		500		2,803
Other Comprehensive Income (Loss), net of tax	0		554		554
Subscriptions—Redeemable Noncontrolling Interest Holders	13,361		142		13,503
Consolidation/(Deconsolidation)	16,624		0		16,624

Distributions to Noncontrolling Interests in Subsidiaries	(10,395)		(172)		(10,567)


Balance at September 30, 2024	$	42,890	$	10,518	$	53,408

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details