The Shanwick RNCI and Contrail RNCI are measured at the higher of their carrying value or redemption value. As of March 31, 2026, the balances were comprised of the following (in thousands):


	Shanwick RNCI		Contrail RNCI		Total
Beginning Balance as of April 1, 2025	$	5,176	$	1,878	$	7,054
Contribution from non-controlling members	—		—		—
Distribution to non-controlling members	(493)		(651)		(1,144)
Net income attributable to non-controlling interests	439		449		888
Other comprehensive income attributable to the RNCI	184		—		184
Redemption value adjustments	958		2,406		3,364
Redemption of non-controlling interests	—		—		—
Ending Balance as of March 31, 2026	$	6,264	$	4,082	$	10,346