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CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Minimum rents $ 345,557 $ 333,325 $ 310,831
Overage rents 16,923 20,020 20,233
Expense recoveries 211,625 202,467 188,023
Management, leasing, and development services (Note 2) 4,383 28,059 13,177
Other 50,677 28,686 24,908
Total Revenues 629,165 612,557 557,172
Expenses:      
Maintenance, taxes, utilities, and promotion 167,091 156,506 145,118
Other operating 94,513 78,794 58,131
Management, leasing, and development services 2,157 4,042 5,914
General and administrative (Note 13) 39,018 48,056 45,727
Restructuring charge (Note 1) 13,848
Costs associated with shareowner activism (Note 1) 14,500 3,000  
Interest expense 108,572 86,285 63,041
Depreciation and amortization 167,806 138,139 106,355
Total Expenses 607,505 514,822 424,286
Nonoperating income, net (Notes 7, 10, and 15) 23,828 22,927 5,256
Income before income tax expense, equity in income of Unconsolidated Joint Ventures, and gain on dispositions, net of tax 45,488 120,662 138,142
Income tax expense (Note 3) (105) (2,212) (2,248)
Equity in income of Unconsolidated Joint Ventures (Note 5) 67,374 69,701 56,226
Income before gain on dispositions, net of tax 112,757 188,151 192,120
Gain on dispositions, net of tax (Note 3) 437
Net income 112,757 188,151 192,557
Net income attributable to noncontrolling interests (Note 9) (32,052) (55,538) (58,430)
Net income attributable to Taubman Centers, Inc. 80,705 132,613 134,127
Distributions to participating securities of TRG (Note 13) (2,300) (2,117) (1,969)
Preferred stock dividends (Note 14) (23,138) (23,138) (23,138)
Net income attributable to Taubman Centers, Inc. common shareowners 55,267 107,358 109,020
Other comprehensive income (Note 19):      
Unrealized loss on interest rate instruments and other (471) (3,880) (13,668)
Fair value adjustment for marketable equity securities 528 (428)  
Cumulative translation adjustment 33,303 (17,339) (15,279)
Reclassification adjustment for amounts recognized in net income 7,564 9,339 12,021
Other Comprehensive Income (Loss), Net of Tax 40,924 (12,308) (16,926)
Comprehensive income 153,681 175,843 175,631
Comprehensive income attributable to noncontrolling interests (43,956) (51,927) (53,458)
Comprehensive income attributable to Taubman Centers, Inc. $ 109,725 $ 123,916 $ 122,173
Basic earnings per common share (Note 16) $ 0.91 $ 1.78 $ 1.78
Diluted earnings per common share (Note 16) $ 0.91 $ 1.77 $ 1.76
Weighted average number of common shares outstanding – basic 60,675,129 60,363,416 61,389,113