|TERRAFORM GLOBAL, INC. filed this Form 10-K on 12/21/2016|
Class A Common Stock
Basic and diluted loss per share for the year ended December 31, 2015 was calculated as follows:
Period from IPO (August 5, 2015) to December 31, 2015
(In thousands, except per share amounts)
Basic and diluted loss per share:
Net loss attributable to Class A common stockholders
Less: dividends paid on Class A common stock and participating RSAs
Undistributed loss attributable to Class A stockholders
Weighted average shares outstanding
Distributed earnings per share
Undistributed loss per share
Basic and diluted loss per share
The computations for diluted loss per share for the year ended December 31, 2015 excludes approximately 61.3 million shares of Class B common stock, 7.8 million shares of unvested RSAs and 2.8 million of unvested RSUs because the effect would have been anti-dilutive.
16. NON-CONTROLLING INTERESTS
Non-controlling interests represent the portion of net assets in consolidated entities that are not owned by the Company. The following table presents the non-controlling interest balances by entity, reported in stockholders’ equity in the consolidated balance sheet as of December 31, 2015:
As of December 31, 2015
SunEdison’s non-controlling interests in Global LLC
Non-controlling interests in power plants
Total non-controlling interests
17. COMMITMENTS AND CONTINGENCIES
The Company has operating leases for land, buildings, and equipment. The following table summarizes our total future commitments under operating leases as of December 31, 2015.
Contractual Cash Obligations (in thousands)
Total rental expense was $1.1 million, $0.2 million and $0.1 million during the years ended December 31, 2015, 2014 and 2013, respectively. Commitments under operating leases in years after 2020 largely represent commitments for Salvador and Bahia wind power plants in Brazil.