Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes the terms of the issued options:

Percentage of redeemable noncontrolling interest

Earliest exercise date

Formula of redemption value

Lote45 Participacoes S.A.

43.68%

January 1, 2027

Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership

Tecnobank Tecnologia Bancária S.A.

25.00%

April 30, 2029

Variable multiple of net sales dependent upon EBITDA margin less net debt at the payment date times percentage of ownership

The following table presents changes in RNCI for the six months ended June 30, 2026 and the twelve months ended December 31, 2025:


(In thousands)	Redeemable noncontrolling interests
	June 30, 2026		December 31, 2025
Beginning balance	$	89,155	$	43,460
Fair value of redeemable non-controlling interest at acquisition date	—		53,569
Net income attributable non-controlling interests	2,520		3,177
Acquisition of shares from non-controlling interest	(22,379)		(7,276)
Adjustment of redeemable non-controlling interests to redemption value	7,289		1,180
Dividends declared on redeemable non-controlling interests	(2,421)		(4,976)

Foreign currency translation adjustments	7		21
Ending balance	$	74,171	$	89,155