Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v2.4.0.6
Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])
 12 Months Ended
Dec. 31, 2012
Tanger Properties Limited Partnership [Member]
  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit for the years ended December 31, 2012, 2011 and 2010 (in thousands, except per unit amounts):
 
 
2012
 
2011
 
2010
NUMERATOR
 
 
 
 
 
 
Income from continuing operations available to partners of the Operating Partnership
 
$
56,495

 
$
50,997

 
$
38,342

Applicable preferred unit distributions
 
—

 
—

 
(5,297
)
Original issuance costs related to redeemed preferred units
 
—

 
—

 
(2,539
)
Allocation of earnings to participating securities
 
(784
)
 
(684
)
 
(598
)
Income from continuing operations available to common unitholders of the Operating Partnership
 
55,711

 
50,313

 
29,908

Discontinued operations
 
—

 
—

 
(98
)
Net income available to common unitholders of the Operating Partnership
 
$
55,711

 
$
50,313

 
$
29,810

DENOMINATOR
 
 
 
 
 
 
Basic weighted average common units
 
24,419

 
23,723

 
23,080

Effect of notional units
 
212

 
241

 
—

Effect of exchangeable notes
 
—

 
23

 
28

Effect of outstanding options
 
20

 
18

 
23

Diluted weighted average common units
 
24,651

 
24,005

 
23,131

 
 
 
 
 
 
 
Basic earnings per common unit:
 
 
 
 
 
 
Income from continuing operations
 
$
2.28

 
$
2.12

 
$
1.29

Discontinued operations
 
—

 
—

 
—

Net income
 
$
2.28

 
$
2.12

 
$
1.29

 
 
 
 
 
 
 
Diluted earnings per common unit:
 
 
 
 
 
 
Income from continuing operations
 
$
2.26

 
$
2.10

 
$
1.29

Discontinued operations
 
—

 
—

 
—

Net income
 
$
2.26

 
$
2.10

 
$
1.29