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Redeemable Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2021
Redeemable Noncontrolling Interests  
Components of the change in redeemable noncontrolling interests

The components of the change in redeemable noncontrolling interests for the years ended December 31, 2021 and 2020 are presented in the following table (in thousands):

Balance as of January 1, 2020

$

-

Increase in redeemable noncontrolling interests due to issuance of Tongmei's common stock

48,102

Equity issuance costs incurred

(539)

Net income attributable to redeemable noncontrolling interests

-

Effect of foreign currency translation attributable to redeemable noncontrolling interests

-

Balance as of December 31, 2020

47,563

Increase in redeemable noncontrolling interests due to issuance of Tongmei's common stock

1,514

Increase in redeemable noncontrolling interests due to transfer of subsidiary with noncontrolling interests

1,241

Increase in redeemable noncontrolling interests due to formation of new subsidiary with noncontrolling interests

132

Equity issuance costs incurred

(2,591)

Stock-based compensation attributable to redeemable noncontrolling interests

40

Net income attributable to redeemable noncontrolling interests

889

Effect of foreign currency translation attributable to redeemable noncontrolling interests

279

Effect of foreign currency translation on redeemable noncontrolling interests

1,318

Balance as of December 31, 2021

$

50,385