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Noncontrolling and Redeemable Noncontrolling Interests (Tables)
3 Months Ended
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,
20242023
(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 interests793 (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 value250 442 
Net income (loss) attributable to redeemable noncontrolling interests793 (634)
Other29 (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).