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Redeemable Noncontrolling Interest | 9 Months Ended | 12 Months Ended
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Sep. 30, 2021 | Dec. 31, 2020
Redeemable Noncontrolling Interest |  |
Redeemable Noncontrolling Interest |
11. | Redeemable Noncontrolling Interest
The table below presents the reconciliation of changes in redeemable noncontrolling interests (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Balance as of January 1 | ​ | $ | 848 | ​ | $ | 28
Allocation of net income for the three months ended March 31 | ​ | ​ | 60 | ​ | ​ | 383
Balance as of March 31 | ​ | ​ | 908 | ​ | ​ | 411
Merger of BuzzFeed Japan and HuffPost Japan | ​ | ​ | 510 | ​ | ​ | —
Allocation of net income for the three months ended June 30 | ​ | ​ | 85 | ​ | ​ | 323
Balance as of June 30 |  | ​ | 1,503 |  | ​ | 734
Allocation of net income for the three months ended September 30 | ​ | ​ | 67 | ​ | ​ | 62
Ending balance as of September 30 | ​ | $ | 1,570 | ​ | $ | 796
​ |
9. | Redeemable Noncontrolling Interest
The redeemable noncontrolling interest represents the 49% interest in BuzzFeed Japan held by Yahoo Japan, which is puttable to the Company in certain conditions, none of which were met at December 31, 2020, including material breach of the JVA by the Company or the bankruptcy or liquidation of the Company. The redeemable noncontrolling interest is presented outside of the permanent equity on the Company’s consolidated balance sheets as the put right is outside of the Company’s control. The table below presents the reconciliation of changes in redeemable noncontrolling interest (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Beginning balance | ​ | $ | 28 | ​ | $ | (245) | ​ | $ | 726
Allocation of net (income) loss | ​ |  | 820 | ​ |  | 273 | ​ |  | (971)
Ending balance | ​ | $ | 848 | ​ | $ | 28 | ​ | $ | (245)
​

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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