XML 21 R10.htm IDEA: XBRL DOCUMENT

ACQUISITIONS OF NON-CONTROLLING INTERESTS	3 Months Ended
ACQUISITIONS OF NON-CONTROLLING INTERESTS	Mar. 31, 2016
ACQUISITIONS OF NON-CONTROLLING INTERESTS [Abstract]
ACQUISITIONS OF NON-CONTROLLING INTERESTS	4. ACQUISITIONS OF NON-CONTROLLING INTERESTS During the three months ended March 31, 2016, the Company acquired additional interests in two partnerships. The interests in the partnerships purchased ranged from 23% to 35%. The aggregate purchase price paid was $0.4 million in cash and $0.4 million in a seller note, that is payable in two principal installments of $0.2 million each in February 2017 and 2018. The purchase price included $58,000 of undistributed earnings. The remaining $0.7 million, less future tax benefits of $0.3 million, was recognized as an adjustment to additional paid-in capital. In 2015, the Company purchased additional interests in eight partnerships. The interests in the partnerships purchased ranged from 5% to 35%. The aggregate purchase price paid was $8.7 million of which $5.6 million was paid in cash and the Company entered into several notes payable of $3.1 million. The notes are payable in two installments plus accrued interest (interest accrues at 3.25%). The first principal installments in an aggregate of $1.2 million are due on December 31, 2018 and the second principal installments in an aggregate of $1.9 million are due on January 31, 2019. The purchase prices included an aggregate of $260,000 of undistributed earnings. The remaining $8.4 million, less future tax benefits of $3.3 million, was recognized as an adjustment to additional paid-in capital.