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Redeemable Non-Controlling Interest (Tables)
9 Months Ended
Sep. 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 Nine Months Ended
 
   
September 30, 2024
   
September 30, 2023
   
September 30, 2024
   
September 30, 2023
 
    (In thousands)  
Beginning balance
 
$
184,354
   
$
165,513
   
$
174,828
   
$
167,515
 
Net income allocated to redeemable non-controlling interest partners
   
1,998
     
1,976
     
7,539
     
7,616
 
Distributions to redeemable non-controlling interest partners
   
(2,140
)
   
(2,405
)
   
(8,107
)
   
(8,742
)
Changes in the fair value of redeemable non-controlling interest
   
1,097
     
2,242
     
3,158
     
4,988
 
Purchases of redeemable non-controlling interest
   
(1,323
)
   
-
     
(7,650
)
   
(8,821
)
Acquired interest
   
2,417
     
6,465
     
19,318
     
10,358
 
Sales of redeemable non-controlling interest
   
1,832
     
954
     
2,304
     
3,879
 
Changes in notes receivable related to redeemable non-controlling interest
   
(1,266
)
   
(48
)
   
(1,388
)
   
(2,096
)
Reduction due to separation agreement
    -       -
      (3,033 )     -
 
Other     (367 )     -       (367 )     -  
Ending balance
 
$
186,602
   
$
174,697
   
$
186,602
   
$
174,697
 
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
 
 
 
September 30, 2024
   
September 30, 2023
 
 
  (In thousands)  
Contractual time period has lapsed but holder’s employment has not terminated
 
$
74,702
   
$
75,026
 
Contractual time period has not lapsed and holder’s employment has not terminated
   
111,900
     
99,671
 
Holder’s employment has terminated and contractual time period has expired
   
-
     
-
 
Holder’s employment has terminated and contractual time period has not expired
   
-
     
-
 
 
 
$
186,602
   
$
174,697