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CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Minimum rents$ 87,965$ 84,517$ 260,805$ 251,952
Percentage rents4,7813,4269,7336,561
Expense recoveries59,71456,682170,789165,937
Management, leasing, and development services5,0834,35915,42311,422
Other Income6,6656,27918,33924,962
Total Revenue164,208155,263475,089460,834
Expenses:    
Maintenance, taxes, utilities, and promotion48,70049,882140,115143,119
Other operating19,07314,07154,94944,792
Management, leasing, and development services2,8892,2047,4925,982
General and administrative7,7097,16822,99821,593
Interest expense36,41838,906106,903114,246
Depreciation and amortization38,41544,500108,533117,502
Total Expenses153,204156,731440,990447,234
Nonoperating income1141919261,490
Income before income tax expense and equity in income of Unconsolidated Joint Ventures11,118(1,277)35,02515,090
Income tax (expense) benefit (Note 3)(208)(238)(413)(548)
Equity in income of Unconsolidated Joint Ventures (Note 4)10,9589,97331,99029,213
Net income21,8688,45866,60243,755
Net income attributable to noncontrolling interests (Note 6)(9,367)(3,707)(26,962)(17,228)
Net income (loss) attributable to Taubman Centers, Inc.12,5014,75139,64026,527
Distributions to participating securities of TRG (Note 8)(382)(371)(1,144)(1,094)
Preferred stock dividends(3,658)(3,658)(10,975)(10,975)
Net income attributable to Taubman Centers, Inc. common shareowners8,46172227,52114,458
Net income21,8688,45866,60243,755
Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Unrealized gain (loss) on interest rate instruments and other(19,253)569(19,591)6,468
Reclassification adjustment for amounts recognized in net income245315970946
Comprehensive income2,8609,34247,98151,169
Comprehensive income attributable to noncontrolling interests(3,210)(4,784)(20,981)(22,080)
Comprehensive income attributable to Taubman Centers, Inc.$ (350)$ 4,558$ 27,000$ 29,089
Basic earnings per common share (Note 10)$ 0.15$ 0.01$ 0.49$ 0.27
Diluted earnings per common share (Note 10)$ 0.14$ 0.01$ 0.48$ 0.26
Cash dividends declared per common share (in dollars per share)$ 0.4375$ 0.4150$ 1.3125$ 1.2450
Weighted average number of common shares outstanding - basic57,890,00654,679,87756,554,26854,530,503