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Noncontrolling Interests (Tables)
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements [Abstract]  
Net equity balance of noncontrolling interests
The net equity balance of the noncontrolling interests as of September 30, 2014 and December 31, 2013 included the following:
 
2014
 
2013
Non-redeemable noncontrolling interests:
 
 
 
Noncontrolling interests in consolidated joint ventures
$
(17,790
)
 
$
(37,191
)
Noncontrolling interests in partnership equity of TRG
71,698

 
(58,342
)
 
$
53,908

 
$
(95,533
)
Net income (loss) attributable to noncontrolling interests
Net income attributable to the noncontrolling interests for the nine months ended September 30, 2014 and September 30, 2013 included the following:
 
2014
 
2013
Net income attributable to noncontrolling interests:
 
 
 
Non-redeemable noncontrolling interests:
 
 
 
Noncontrolling share of income of consolidated joint ventures
$
8,013

 
$
6,752

Noncontrolling share of income of TRG
170,922

 
29,915

 
$
178,935


$
36,667

Net income attributable to the noncontrolling interests for the three months ended September 30, 2014 and September 30, 2013 included the following:
 
2014
 
2013
Net income attributable to noncontrolling interests:
 
 
 
Non-redeemable noncontrolling interests:
 
 
 
Noncontrolling share of income of consolidated joint ventures
$
2,643

 
$
2,198

Noncontrolling share of income of TRG
14,057

 
10,338

 
$
16,700

 
$
12,536

Effects of changes in ownership interest in consolidated subsidiaries on equity
The following schedule presents the effects of changes in Taubman Centers, Inc.’s ownership interest in consolidated subsidiaries on Taubman Centers, Inc.’s equity for the nine months ended September 30, 2014 and September 30, 2013:
 
2014
 
2013
Net income attributable to Taubman Centers, Inc. common shareowners
$
424,151

 
$
70,074

Transfers (to) from the noncontrolling interest:
 

 
 

Increase in Taubman Centers, Inc.’s paid-in capital for adjustments of noncontrolling interest (1)
54

 
5,995

Decrease in Taubman Centers, Inc.’s paid-in capital related to the acquisition of additional ownership in the outlet joint venture
 
 
(1,050
)
Net transfers from noncontrolling interests
54

 
4,945

Change from net income attributable to Taubman Centers, Inc. and transfers from noncontrolling interests
$
424,205

 
$
75,019


(1)
In 2014 and 2013, adjustments of noncontrolling interests were made as a result of changes in the Company's ownership of the Operating Partnership in connection with the Company's share-based compensation under employee and director benefit plans (Note 9), issuances of stock pursuant to the Continuing Offer (Note 10),