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Redeemable Noncontrolling Interests | 6 Months Ended
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Jun. 30, 2024
Redeemable Noncontrolling Interest [Abstract] |
Redeemable Noncontrolling Interests | Redeemable Noncontrolling Interests At June 30, 2024, redeemable noncontrolling interests ("RNCI") consist of interests in consolidated subsidiaries for which the Company has entered into separate option contracts by which the Company has the right to purchase the remaining non-controlling interests through a call option and the non-controlling interest holder has the right to sell the non-controlling interest to the Company through a put option. The following table summarizes the terms of the issued options:
| Percentage of redeemable noncontrolling interest |  | Earliest exercise date |  | Formula of redemption value
Homie Do Brasil Informatica | 40% |  | April 1, 2025 |  | Variable multiple of gross sales dependent upon EBITDA margin and gross sales attained times percentage of ownership
Rosk Software S.A. | 49% |  | March 15, 2025 |  | Variable multiple of gross sales dependent upon EBITDA margin attained times percentage of ownership
Compliasset Software e Solucoes Digitais LTDA. | 40% |  | March 15, 2026 |  | Variable multiple of net sales dependent upon EBITDA margin attained plus net debt times percentage of ownership
Lote45 Participacoes S.A. | 48% |  | January 1, 2027 |  | Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership
Given certain provisions within the option contracts, the Company has classified the RNCI as mezzanine equity on the Company's unaudited condensed consolidated balance sheets. RNCI are adjusted quarterly, if necessary, to their estimated redemption value. Adjustments to the redemption value impact stockholders' equity. The following table presents changes in RNCI:
(In thousands) | Redeemable noncontrolling interests
Balance at December 31, 2023 | $ | 36,968 |
Net income attributable non-controlling interests | 1,213 |
Adjustment of redeemable non-controlling interests to redemption value | (14) |
Distributions from redeemable non-controlling interests | (294) |
Foreign currency translation adjustments | 582 |
Balance at June 30, 2024 | $ | 38,455 |

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