Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest (Tables)

v2.4.0.8
Non-Controlling Interest (Tables)
6 Months Ended
Jun. 30, 2014
Noncontrolling Interest [Abstract]  
Analysis of Controlling and Non-Controlling Interest

The following is an analysis of the controlling and non-controlling interest from December 31, 2013, to June 30, 2014:

 

     Controlling
Interest
    Non-Controlling
Interest Holders
    Total  
     (amounts in thousands)  

Total Non-Controlling Interest and Equity—December 31, 2013

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

Net income attributable to interest holders

     5,581        107        5,688   

Issuance of common stock

     70,379        —          70,379   

Redemption of OP units

     (557     (1,064     (1,621

Repurchase of common stock

     (205     —          (205

Equity-based compensation

     1,938        32        1,970   

Distributions

     (8,634     (152     (8,786

Change in accumulated other comprehensive income

     2,196        42        2,238   

Tax basis difference on contributed asset

     1,818        39        1,857   

Redemption value change for non-controlling interest redeemable for cash

     (1,815     1,815        —     
  

 

 

   

 

 

   

 

 

 
     217,226        4,918        222,144   

Less Non-Controlling Interest Redeemable for cash

     —          (4,918     (4,918
  

 

 

   

 

 

   

 

 

 

Total Non-Controlling Interest and Equity—June 30, 2014

   $ 217,226      $ —        $ 217,226   
  

 

 

   

 

 

   

 

 

 

The following is an analysis of the controlling and non-controlling interest from April 23, 2013, the date of our IPO, to June 30, 2013:

 

     Controlling
Interest
    Non-Controlling
Interest Holders
    Total  
     (amounts in thousands)  

Equity immediately after IPO

   $ 168,266      $ —        $ 168,266   

Establishment of non-controlling interest during formation transaction

     (4,649     4,649        —     

Net loss attributable to interest holders

     (4,972     (141     (5,113

Change in accumulated other comprehensive income

     92        3        95   
  

 

 

   

 

 

   

 

 

 

Total Non-Controlling Interest and Equity—June 30, 2013

   $ 158,737      $ 4,511      $ 163,248   
  

 

 

   

 

 

   

 

 

Member Interests in Predecessor

Allocation of Profit and Loss and Cash Distributions prior to our IPO

Prior to the IPO, all profits, losses and cash distributions of the Predecessor were allocated based on the percentages as follows:

 

     Prior to
April 23, 2013
 

MissionPoint HA Parallel Fund, L.P.

     70

Jeffrey W. Eckel, Chief Executive Officer

     18

Other management and employees of the Predecessor

     12