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Redeemable Noncontrolling Interests / Redeemable Partnership Units
 3 Months Ended
Mar. 31, 2017
Redeemable Noncontrolling Interests / Redeemable Partnership Units [Abstract]  
Redeemable Noncontrolling Interests / Redeemable Partnership Units

10. Redeemable Noncontrolling Interests/Redeemable Partnership Units

Redeemable noncontrolling interests on Vornado’s consolidated balance sheets and redeemable partnership units on the consolidated balance sheets of the Operating Partnership are primarily comprised of Class A Operating Partnership units held by third parties and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in Vornado’s consolidated statements of changes in equity and to “partners’ capital” on the consolidated balance sheets of the Operating Partnership.

(Amounts in thousands)
Balance at December 31, 2015$1,229,221
Net loss(7,487)
Other comprehensive income427
Distributions(7,835)
Redemption of Class A units for common shares/units, at redemption value(14,482)
Adjustments to carry redeemable Class A units at redemption value(36,524)
Other, net14,364
Balance at March 31, 2016$1,177,684
Balance at December 31, 2016$1,278,446
Net income3,229
Other comprehensive income3
Distributions(9,163)
Redemption of Class A units for common shares/units, at redemption value(14,739)
Adjustments to carry redeemable Class A units at redemption value(6,197)
Other, net14,495
Balance at March 31, 2017$1,266,074

As of March 31, 2017 and December 31, 2016, the aggregate redemption value of redeemable Class A units of the Operating Partnership, which are those units held by third parties, was $1,260,646,000 and $1,273,018,000, respectively.

Redeemable noncontrolling interests/redeemable partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares. Accordingly, the fair value of these units is included as a component of “other liabilities” on our consolidated balance sheets and aggregated $50,561,000 as of March 31, 2017 and December 31, 2016. Changes in the value from period to period, if any, are charged to “interest and debt expense” on our consolidated statements of income.