XML 36 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Redeemable Non-Controlling Interest (Tables)
6 Months Ended
Jun. 30, 2024
Redeemable Non-Controlling Interest [Abstract]  
Changes in Carrying Amount (Fair Value) of Redeemable Non-Controlling Interest
The following table details the changes in the carrying amount (fair value) of the Company’s redeemable non-controlling interests:

 
For the Three Months Ended
   
For the Six Months Ended
 
   
June 30, 2024
   
June 30, 2023
   
June 30, 2024
   
June 30, 2023
 
    (In thousands)  
Beginning balance
 
$
190,733
   
$
164,283
   
$
174,828
   
$
167,515
 
Net income allocated to redeemable non-controlling interest partners
   
3,314
     
2,920
     
5,541
     
5,640
 
Distributions to redeemable non-controlling interest partners
   
(3,867
)
   
(4,179
)
   
(5,967
)
   
(6,337
)
Changes in the fair value of redeemable non-controlling interest
   
622
     
2,865
     
2,061
     
2,746
 
Purchases of redeemable non-controlling interest
   
(3,550
)
   
(2,659
)
   
(6,327
)
   
(8,821
)
Acquired interest
   
-
     
2,138
     
16,901
     
3,893
 
Sales of redeemable non-controlling interest
   
90
     
2,286
     
472
     
2,925
 
Changes in notes receivable related to redeemable non-controlling interest
   
45
   
(2,140
)
   
(122
)
   
(2,047
)
Reduction due to separation agreement
    (3,033 )     -
      (3,033 )     -
 
Ending balance
 
$
184,354
   
$
165,514
   
$
184,354
   
$
165,514
 
Carrying Amount of (Fair Value) Redeemable Non-Controlling Interest
The following table categorizes the carrying amount (fair value) of the redeemable non-controlling interests:
 
   
As of
 
 
 
June 30, 2024
   
June 30, 2023
 
 
  (In thousands)  
Contractual time period has lapsed but holder’s employment has not terminated
 
$
72,411
   
$
73,640
 
Contractual time period has not lapsed and holder’s employment has not terminated
   
111,943
     
91,874
 
Holder’s employment has terminated and contractual time period has expired
   
-
     
-
 
Holder’s employment has terminated and contractual time period has not expired
   
-
     
-
 
 
 
$
184,354
   
$
165,514