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Noncontrolling Interests (Tables)
 3 Months Ended
Mar. 31, 2016
Noncontrolling Interest [Line Items]  
Net equity balance of noncontrolling interests
The net equity balance of the nonredeemable noncontrolling interests as of March 31, 2016 and December 31, 2015 included the following:
 
2016
 
2015
Non-redeemable noncontrolling interests:
 
 
 
Noncontrolling interests in consolidated joint ventures
$
(21,719
)
 
$
(23,569
)
Noncontrolling interests in partnership equity of TRG
23,044

 
31,573

 
$
1,325

 
$
8,004
Net income (loss) attributable to noncontrolling interests
Net income attributable to the noncontrolling interests for the three months ended March 31, 2016 and March 31, 2015 included the following:
 
2016
 
2015
Net income attributable to non-redeemable noncontrolling interests:
 
 
 
Noncontrolling share of income of consolidated joint ventures
$
2,521

 
$
2,591

Noncontrolling share of income of TRG
10,899

 
12,511

 
$
13,420

 
$
15,102
Effects of changes in ownership interest in consolidated subsidiaries on equity
The following table presents the effects of changes in Taubman Centers, Inc.’s ownership interest in consolidated subsidiaries on Taubman Centers, Inc.’s equity for the three months ended March 31, 2016 and March 31, 2015:
 
2016
 
2015
Net income attributable to Taubman Centers, Inc. common shareowners
$
24,613

 
$
29,622

Transfers from the noncontrolling interest:
 

 
 

Increase in Taubman Centers, Inc.’s paid-in capital for adjustments of noncontrolling interest (1)
3,865

 
23,324

Net transfers from noncontrolling interests
3,865

 
23,324

Change from net income attributable to Taubman Centers, Inc. and transfers from noncontrolling interests
$
28,478

 
$
52,946


(1)
In 2016 and 2015, adjustments of the noncontrolling interest 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) and issuances of stock pursuant to the Continuing Offer (Note 10). In 2016, adjustments of the noncontrolling interest were also made in connection with the accounting for the Asia President's redeemable ownership interests. In 2015, adjustments of the noncontrolling interest were also made as a result of share repurchases (Note 6).