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Redeemable Noncontrolling Interests in Operating Partnership (Tables)

9 Months Ended

Sep. 30, 2018

Noncontrolling Interest [Abstract]

Schedule of Share-based Compensation

The following table presents compensation expense for performance LTIP units and LTIP units (in thousands):

				Three Months Ended September 30,								Nine Months Ended September 30,
Type		Line Item		2018				2017				2018				2017
Performance LTIP units		Advisory services fee		$	245			$	(633	)	(1)	$	539			$	(1,737	)	(1)
LTIP units		Advisory services fee		269				108				707				281
LTIP units - independent directors		Corporate, general and administrative		61				—				61				64

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⁽¹⁾  The credit to compensation expense is a result of lower fair values as compared to prior periods.

Redeemable Noncontrolling Interest

The following table presents the redeemable noncontrolling interests in Braemar OP (in thousands) and the corresponding approximate ownership percentage of our operating partnership:

	September 30, 2018				December 31, 2017
Redeemable noncontrolling interests in Braemar OP	$	49,726			$	46,627
Adjustments to redeemable noncontrolling interests (1)	3,167				—
Ownership percentage of operating partnership	11.22		%		11.43		%

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⁽¹⁾  Reflects the excess of the redemption value over the accumulated historical costs

We allocated net income (loss) to the redeemable noncontrolling interests and declared aggregate cash distributions to the holders of common units and holders of LTIP units, which are recorded as a reduction of redeemable noncontrolling interests in operating partnership, as illustrated in the table below (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2017				2018				2017
Allocated net (income) loss to the redeemable noncontrolling interests	$	452			$	360			$	(1,075	)		$	958
Aggregate distributions to holders of common units, LTIP units and performance LTIP units	824				859				2,468				2,508

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- References

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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

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