The following table summarizes the activity for account balances whose fair value measurements are estimated utilizing level 3 inputs:
| (in thousands) | Redeemable Noncontrolling Interest | |||||||
| As of December 31, | ||||||||
| 2013 | 2012 | |||||||
Beginning period balance | $ | 136,500 | $ | 162,750 | ||||
Dividends paid to noncontrolling interest | (6,370 | ) | (52,500 | ) | ||||
Net income | 10,803 | 2,195 | ||||||
Fair value adjustment | (7,933 | ) | 24,055 | |||||
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Ending period balance | $ | 133,000 | $ | 136,500 | ||||
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