As of March 31, 2017, $5.7 million of total unrecognized compensation cost related to RSUs is expected to be recognized over a weighted average period of approximately 2.0 years.
13. LOSS PER SHARE
Loss per share is calculated utilizing the weighted average shares outstanding. Under the two-class method, unvested RSAs that contain non-forfeitable rights to dividends are treated as participating securities and are included in the earnings per share computation to the extent that there are undistributed earnings available, but these securities do not participate in losses.
Class A Common Stock
Basic and diluted loss per share for the three months ended March 31, 2017 was calculated as follows:
(In thousands, except per share amounts)
Three Months Ended March 31, 2017
Three Months Ended March 31, 2016
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 March 31, 2017 exclude 61,343,054 shares of Class B common stock, 4,264,323 unvested RSAs and 2,297,066 unvested RSUs because the effect would have been anti-dilutive. The computations for diluted loss per share for the three months ended March 31, 2016 exclude 61,343,054 shares of Class B common stock, 6,272,225 unvested RSAs and 2,773,447 unvested RSUs because the effect would have been anti-dilutive.
14. 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 unaudited condensed consolidated balance sheets as of March 31, 2017 and December 31, 2016:
March 31, 2017
As of December 31, 2016
SunEdison’s non-controlling interests in Global LLC
Non-controlling interests in power plants
Total non-controlling interests
As of March 31, 2017, TerraForm Global, Inc. owned 64.8% of Global LLC and consolidated the results of Global LLC through its controlling interest, with SunEdison's 35.2% interest shown as a non-controlling interest.
15. COMMITMENTS AND CONTINGENCIES
Commitments to Acquire Power Plants
In April 2015, the Company entered into purchase and sale agreements to acquire controlling interests in three operating power plants located in South Africa with an aggregate net capacity of 32.6 MW from BioTherm. The aggregate consideration payable for these three power plants is approximately $75.4 million. See Note 2 - Acquisitions for additional discussion of these commitments.