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Noncontrolling and Redeemable Noncontrolling Interests (Tables)
 12 Months Ended
Dec. 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 years ended December 31,:
202420232022
(dollars in thousands)
Net income attributable to Class C shareholders
$17,144 $39,066 $16,004 
Net income attributable to other equity interest holders
2,636 3,076 5,986 
Net income attributable to noncontrolling interests
$19,780 $42,142 $21,990 
Net income (loss) attributable to redeemable noncontrolling interests3,005 (634)8,135 
Net income attributable to noncontrolling and redeemable noncontrolling interests
$22,785 $41,508 $30,125 
The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of December 31,:
20242023
(dollars in thousands)
Noncontrolling interest of Class C shareholders$423,428 $436,215 
Noncontrolling interest of other equity interest holders (1)
21,746 32,362 
Total noncontrolling interests$445,174 $468,577 
(1) In January 2024, the Company entered into an agreement to purchase the remaining noncontrolling 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 $10.2 million.
Redeemable Noncontrolling Interest
The following table presents changes in redeemable noncontrolling interests for the years ended December 31,:
20242023
(dollars in thousands)
Beginning balance$10,792 $39,111 
Redemptions (1)
(17,039)(22,172)
Additions
1,127 — 
Distributions(2,880)(5,800)
Changes in redemption value (2)
13,363 442 
Net income (loss) attributable to redeemable noncontrolling interests3,005 (634)
Currency translation adjustment44 (155)
Ending balance$8,412 $10,792 
(1) Redemptions for the years ended December 31, 2024, and 2023 is associated with redeemable noncontrolling interest of certain brands we did not previously own. The amount was reclassified as a deferred acquisition contingent obligation (see Note 9).

(2) Changes in redemption value are the fair value changes from the acquisition date redemption value based on the options held by the minority interest holders, adjusted through Retained earnings.