| NONCONTROLLING INTERESTS |
NOTE 9 — NONCONTROLLING INTERESTS
The following table shows the breakout of net loss attributable to Surgical Care Affiliates between continuing operations and discontinued operations:
|
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net income (loss) from continuing operations, net of tax, attributable to Surgical Care Affiliates |
|
$ |
41,335 |
|
|
$ |
(42,014 |
) |
|
$ |
(15,115 |
) |
|
Net loss from discontinued operations, net of tax, attributable to Surgical Care Affiliates |
|
|
(9,355 |
) |
|
|
(9,330 |
) |
|
|
(4,895 |
) |
|
Net income (loss), net of tax, attributable to Surgical Care Affiliates |
|
$ |
31,980 |
|
|
$ |
(51,344 |
) |
|
$ |
(20,010 |
) |
The following table shows the effects of changes to Surgical Care Affiliates’ ownership interest in its subsidiaries on Surgical Care Affiliates’ equity:
|
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net income (loss) attributable to Surgical Care Affiliates |
|
$ |
31,980 |
|
|
$ |
(51,344 |
) |
|
$ |
(20,010 |
) |
|
(Decrease) increase in equity due to sales to noncontrolling interests |
|
|
(1,121 |
) |
|
|
2,056 |
|
|
|
(4,243 |
) |
|
Increase (decrease) in equity due to purchases from noncontrolling interests |
|
|
798 |
|
|
|
(1,394 |
) |
|
|
(1,738 |
) |
|
Change from net loss attributable to Surgical Care Affiliates and transfers
to/from noncontrolling interests |
|
$ |
31,657 |
|
|
$ |
(50,682 |
) |
|
$ |
(25,991 |
) |
Certain of the Company’s noncontrolling interests have industry-specific redemption features whereby the Company could be obligated, under the terms of certain of its operating subsidiaries’ partnership and operating agreements, to purchase some or all of the noncontrolling interests of the consolidated subsidiaries. As a result, these noncontrolling interests are not included as part of the Company’s equity and are carried as Noncontrolling interests-redeemable on the Company’s consolidated balance sheets.
The activity relating to the Company’s noncontrolling interests — redeemable is summarized below:
|
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Balance at beginning of period |
|
$ |
21,902 |
|
|
$ |
21,709 |
|
|
$ |
20,215 |
|
|
Net income attributable to noncontrolling interests-redeemable |
|
|
22,605 |
|
|
|
24,138 |
|
|
|
24,616 |
|
|
Net change in equity related to amendments in agreements with noncontrolling interests |
|
|
— |
|
|
|
(1,050 |
) |
|
|
— |
|
|
Net change related to purchase of ownership interests |
|
|
(4,150 |
) |
|
|
581 |
|
|
|
1,800 |
|
|
Contributions from noncontrolling interests |
|
|
— |
|
|
|
1,622 |
|
|
|
— |
|
|
Change in distribution accrual |
|
|
(1,300 |
) |
|
|
(433 |
) |
|
|
(689 |
) |
|
Distributions to noncontrolling interests-redeemable |
|
|
(23,613 |
) |
|
|
(24,665 |
) |
|
|
(24,233 |
) |
|
Balance at end of period |
|
$ |
15,444 |
|
|
$ |
21,902 |
|
|
$ |
21,709 |
|
|