XML 61 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1
Noncontrolling and Redeemable Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2023
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
The following table presents Net income attributable to noncontrolling and redeemable noncontrolling interests between holders of Class C Common Stock and other equity interest holders for the years ended December 31, 2023, 2022, and 2021:
Year Ended December 31,
202320222021
(dollars in thousands)
Net income attributable to Class C shareholders
$39,066 $16,004 $6,126 
Net income attributable to other equity interest holders
3,076 5,986 9,170 
Net income attributable to noncontrolling interests
$42,142 $21,990 $15,296 
Net income (loss) attributable to redeemable noncontrolling interests(634)8,135 (412)
Net income attributable to noncontrolling and redeemable noncontrolling interests
$41,508 $30,125 $14,884 
The following table presents noncontrolling interests between holders of Class C Common Stock and other equity interest holders as of December 31, 2023 and December 31, 2022:
December 31,
2023
December 31,
2022
(dollars in thousands)
Noncontrolling interest of Class C shareholders$436,215 $399,316 
Noncontrolling interest of other equity interest holders32,362 30,848 
Total noncontrolling interests$468,577 $430,164 
Redeemable Noncontrolling Interest
The following table presents changes in redeemable noncontrolling interests:
December 31,
2023
December 31,
2022
(dollars in thousands)
Beginning balance$39,111 $43,364 
Redemptions (1)
(22,172)(1,400)
Distributions(5,800)(2,822)
Changes in redemption value442 (8,711)
Net income (loss) attributable to redeemable noncontrolling interests(634)8,135 
Other(155)545 
Ending balance$10,792 $39,111 
(1) Redemptions for the year ended December 31, 2023, is associated with redeemable noncontrolling interest of a certain brand we did not previously own. The amount was reclassified as a deferred acquisition contingent obligation (see Note 9).