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Noncontrolling and Redeemable Noncontrolling Interests (Tables) | 3 Months Ended
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Mar. 31, 2024
Noncontrolling Interest [Abstract] |
Noncontrolling Interest | The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the three months ended March 31, 2024 and 2023:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  | (dollars in thousands)
Net loss attributable to Class C shareholders |  |  |  |  | $ | (1,047) |  |  | $ | (1,963) |  |  |
Net income attributable to other equity interest holders |  |  |  |  | 823 |  |  | 248 |  |  |
Net loss attributable to noncontrolling interests |  |  |  |  | (224) |  |  | (1,715) |  |  |
Net income (loss) attributable to redeemable noncontrolling interests |  |  |  |  | 793 |  |  | (2,543) |  |  |
Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests |  |  |  |  | $ | 569 |  |  | $ | (4,258) |  |  |
The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of March 31, 2024 and December 31, 2023:
| March 31, 2024 |  | December 31, 2023
| (dollars in thousands)
Noncontrolling interest of Class C shareholders | $ | 436,899 |  |  | $ | 436,215 |
Noncontrolling interest of other equity interest holders (1) | 22,991 |  |  | 32,362 |
Total noncontrolling interests | $ | 459,890 |  |  | $ | 468,577 |
(1) In January 2024, the Company entered into an agreement to purchase the remaining ownership interest in a subsidiary it previously controlled, the consideration for which was a portion of the subsidiary that was transferred to the noncontrolling interest owner. The non-cash purchase resulted in a reduction of the subsidiary noncontrolling interest by approximately $10 million.
Redeemable Noncontrolling Interest | The following table presents changes in redeemable noncontrolling interests:
| March 31, 2024 |  | December 31, 2023
| (dollars in thousands)
Beginning balance | $ | 10,792 |  |  | $ | 39,111 |
Redemptions (1) | — |  |  | (22,172) |
Distributions | (559) |  |  | (5,800) |
Changes in redemption value | 250 |  |  | 442 |
Net income (loss) attributable to redeemable noncontrolling interests | 793 |  |  | (634) |
Other | 29 |  |  | (155) |
Ending balance | $ | 11,305 |  |  | $ | 10,792 |
(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 6).

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- Definition Noncontrolling Interest [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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