Annual report pursuant to Section 13 and 15(d)

Non-Controlling Interest (Tables)

v2.4.0.8
Non-Controlling Interest (Tables)
 12 Months Ended
Dec. 31, 2013
Noncontrolling Interest [Abstract]  
Analysis of Controlling and Non-Controlling Interest

The following is an analysis of the controlling and non-controlling interest from April 23, 2013, the date of the IPO, to December 31, 2013 (amounts in thousands):

 

     Controlling
Interest		     Non-Controlling
Interest Holders		     Total  

Equity immediately after IPO (1)

    $ 161,838      $ —        $ 161,838   

Establishment of non-controlling interest during formation transaction

      (4,407 )      4,407        —     

Loss attributable to interest holders

      (10,459 )      (294 )      (10,753 ) 

Equity-based compensation

      6,885        194        7,079   

Distributions

      (6,934 )      (194 )      (7,128 ) 

Issuance (repurchase) of vested equity-based shares and other adjustments post-IPO

      (414 )      (14 )      (428 ) 

Change in accumulated other comprehensive income

      16        —          16   
  

 

 

    

 

 

    

 

 

  

Total Equity - December 31, 2013

    $ 146,525      $ 4,099      $ 150,624   
  

 

 

    

 

 

    

 

 

  

 

(1) Amount includes net proceeds of approximately $9.5 million received by us upon the exercise by the underwriters of their option to purchase an additional 818,356 shares of common stock on May 23, 2013.
Member Interests in Predecessor

All profits, losses and cash distributions of the Predecessor were allocated based on the percentages as follows:

 

     Prior to     Three months ended     Years ended September 30,  
     April 23, 2013     December 31, 2012     2012     2011  

MissionPoint HA Parallel Fund, L.P.

      70 %      70 %      75 %      75 % 

Jeffrey W. Eckel, Chief Executive Officer

      18 %      18 %      20 %      20 % 

Other management and employees of the Predecessor

      12 %      12 %      5 %      5 %