v2.4.0.6
Shareholder Equity
 3 Months Ended
Mar. 31, 2012
Shareholder Equity
13. Shareholder Equity

 

The following table summarizes the ownership components of total equity for the three months ended March 31, 2012:

 

(Amounts in Thousands)   AmTrust     Non-Controlling
Interests		     Total  
Beginning Balance, January 1, 2012   $ 890,563     $ 69,098     $ 959,661  
Net income     39,086       134       39,220  
Unrealized holding gains  and reclassification     28,315       —       28,315  
Foreign currency translation     4,197       —       4,197  
Unrealized loss on interest rate swap     (57 )     —       (57 )
Equity component of convertible senior notes, net of income tax and issue costs     3,306       —       3,306  
Capital contribution     —       4,928       4,928  
Dividends     (5,470 )     —       (5,470 )
Share exercises and compensation, other     2,102       —       2,102  
Ending Balance, March 31, 2012   $ 962,042     $ 74,160     $ 1,036,202  

 

There were no distributions to non-controlling interests or changes in ownership percentages during the three months ended March 31, 2012.