For some of our subsidiaries, we own a controlling equity stake, and a third party or key members of the business management team own a minority portion of the equity. These noncontrolling interests span multiple businesses and reportable segments.

The following table presents the reconciliation of changes in our noncontrolling interests:


	Redeemable Noncontrolling Interest		Noncontrolling Interest






Balance as of June 30, 2026	$	75,567	$	20,141




Accretion to redemption value recognized in retained earnings	1,059		—

Adjustment to purchase price recognized in additional paid-in capital	395		—

Purchase of noncontrolling interests (1)	(403)		—

Net income (loss) attributable to noncontrolling interests	1,804		(126)
Foreign currency translation	(61)		(173)
Balance as of September 30, 2026 (2)	$	78,361	$	19,842

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(1) In the first quarter of fiscal year 2027, we purchased the remaining noncontrolling interest in one of our smaller businesses within the PrintBrothers reportable segment for $403.

(2) During the current quarter, a put option window opened for the minority interest holders in one of our smaller businesses. The holders have exercised that option, which will result in the purchase of their outstanding shares in the second quarter of the current fiscal year for $9,602.