REDEEMABLE INTERESTS AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2016

Redeemable Noncontrolling Interests and Noncontrolling Interests [Abstract]

Schedule of Redeemable Noncontrolling Interest Conversion Right

Outstanding rights to convert redeemable noncontrolling interests and noncontrolling interests in the Operating Partnership to common stock were held by the following parties at December 31, 2016 and 2015:



	December 31,
	2016	2015
CBL’s Predecessor	18,172,690	18,172,690
Third parties	10,119,697	11,084,493
	28,292,387	29,257,183

Schedule of Variable Interest Entities

The table below lists the Company's VIEs as of December 31, 2016 and 2015, which do not reflect the elimination of any internal debt the consolidated VIE has with the Operating Partnership:



	As of December 31,
	2016					2015
	Assets		Liabilities			Assets		Liabilities
Consolidated VIEs:
Atlanta Outlet Outparcels, LLC	$	914	$	4		⁽¹⁾
Atlanta Outlet JV, LLC	63,361		81,128		⁽²⁾	⁽¹⁾
CBL Terrace LP	16,714		13,509			⁽¹⁾
El Paso Outlet Center Holding, LLC	103,232		69,535			$	107,337	$	63,458
El Paso Outlet Center II, LLC	8,638		7,028		⁽³⁾	⁽¹⁾
Foothills Mall Associates	9,811		34,997			⁽¹⁾
Gettysburg Outlet Center Holding, LLC	36,542		39,476			⁽¹⁾
Gettysburg Outlet Center, LLC	7,203		37			37,463		38,450
High Point Development LP II	1,104		55			⁽¹⁾
Jarnigan Road LP	41,392		20,988			⁽¹⁾
Laredo Outlet JV, LLC ⁽⁴⁾	89,353		58,822		⁽⁵⁾	⁽¹⁾
Lebcon Associates	47,721		121,529			⁽¹⁾
Lebcon I, Ltd	9,290		9,711			⁽¹⁾
Lee Partners	1,195		—			⁽¹⁾
Louisville Outlet Outparcels, LLC	62		—			⁽¹⁾
Louisville Outlet Shoppes, LLC	76,831		85,132		⁽⁶⁾	⁽¹⁾
Madison Grandview Forum, LLC	33,196		13,622			⁽¹⁾
The Promenade at D'Iberville	84,470		46,570			⁽¹⁾
Statesboro Crossing, LLC	18,869		11,058			⁽¹⁾
Village at Orchard Hills, LLC	498		—			⁽¹⁾
Woodstock GA Investments, LLC	9,098		3,185			⁽¹⁾
	$	659,494	$	616,386		$	144,800	$	101,908



	As of December 31,
	2016				2015
	Assets		Liabilities		Assets		Liabilities

Unconsolidated VIEs:
Ambassador Infrastructure, LLC	$	14,279	14,279		⁽¹⁾
G&I VIII CBL Triangle LLC ⁽⁷⁾	172,470		149,195		⁽¹⁾
JG Gulf Coast Town Center LLC	⁽⁸⁾				$	142,021	$	195,892
Triangle Town Member LLC	⁽⁸⁾				98,408		171,092
	$	186,749	$	163,474	$	240,429	$	366,984


(1)	The joint venture was classified as a VIE in 2016 in accordance with the criteria in ASU 2015-02 noted above. Prior to the adoption of ASU 2015-02, the joint venture was not considered to be a VIE.


(2)	Of this total, $4,839 related to The Outlet Shoppes at Atlanta - Phase II, is guaranteed by the Operating Partnership.


(3)	Of this total, $6,745 related to The Outlet Shoppes at El Paso - Phase II, is guaranteed by the Operating Partnership.

(4)

In the second quarter of 2016, the Company formed a 65/35 joint venture, Laredo Outlet JV, LLC, to develop, own and operate The Outlet Shoppes at Laredo in Laredo, TX. The Company initially contributed $7,714, which consisted of a cash contribution of $2,434 and its interest in a note receivable of $5,280 (see Note 10), and the third party partner contributed $10,686, which included land and construction costs to date. The Company contributed 100% of the capital to fund the project until the pro rata 65% contribution of $19,846 was reached in the third quarter of 2016. All subsequent future contributions will be funded on a 65/35 pro rata basis. The Company determined that the new consolidated affiliate represents an interest in a VIE based upon the criteria noted above.


(5)	Of this total, $39,263 related to The Outlet Shoppes at Laredo, is guaranteed by the Operating Partnership.


(6)	Of this total, $10,101 relates to The Outlet Shoppes of the Bluegrass - Phase II, is guaranteed by the Operating Partnership.


(7)	Upon, the sale of the Company's 50% interest in Triangle Town Member LLC to G&I VIII CBL Triangle LLC in the first quarter of 2016, the Company determined that the new unconsolidated affiliate represents an interest in a VIE based upon the criteria noted above.


(8)	This joint venture is not a VIE as of December 31, 2016. See description of reconsideration event below.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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