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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership (Tables)
9 Months Ended
Sep. 30, 2017
Noncontrolling Interest Rollforward
The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2017 and 2016:
 
2017
 
2016
Balance as of December 31
$
43,184

 
$
42,035

    Net Income
3,531

 
3,635

    Unit Distributions
(2,544
)
 
(2,436
)
    Other Comprehensive Income
51

 
(449
)
    Conversion of Limited Partner Units to Common Stock (A)
(39
)
 
(819
)
    Reallocation - Additional Paid-in-Capital
1,569

 
2,489

    Reallocation - Other Comprehensive Income
3

 

Balance as of September 30
$
45,755

 
$
44,455


(A) For the nine months ended September 30, 2017 and 2016, 3,437 and 76,674 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $39 and $819, respectively, of noncontrolling interest to the Company’s stockholders’ equity.
First Industrial, L.P.  
Noncontrolling Interest Rollforward
The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2017 and 2016:
 
2017
 
2016
Balance as of December 31
$
956

 
$
1,096

    Net Income
96

 
112

    Contributions
29

 
114

    Distributions
(284
)
 
(264
)
Balance as of September 30
$
797

 
$
1,058