| Schedule of Quarterly Financial Information |
The following table sets forth the Company's summary quarterly financial information for the years ended December 31, 2012 and 2011 (unaudited and in thousands, except per common share data) (1). This information is not required for the Operating Partnership. Also, note that all per share amounts reflect the Company's two for one split of its common shares effective January 24, 2011:
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Year Ended December 31, 2012 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Total revenues |
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$ |
84,243 |
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$ |
87,335 |
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$ |
90,483 |
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$ |
94,936 |
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Operating income |
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22,620 |
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25,736 |
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29,042 |
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32,187 |
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Income from continuing operations |
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8,834 |
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12,458 |
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16,170 |
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19,014 |
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Net income |
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8,834 |
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12,458 |
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16,170 |
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19,014 |
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Income attributable to Tanger Factory Outlet Centers, Inc. |
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8,128 |
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11,717 |
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15,237 |
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18,056 |
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Income available to common shareholders of Tanger Factory Outlet Centers, Inc. |
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7,970 |
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11,508 |
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15,118 |
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17,848 |
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Basic earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.09 |
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$ |
0.13 |
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$ |
0.16 |
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$ |
0.19 |
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Net income |
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$ |
0.09 |
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$ |
0.13 |
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$ |
0.16 |
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$ |
0.19 |
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Diluted earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.09 |
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$ |
0.12 |
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$ |
0.16 |
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$ |
0.19 |
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Net income |
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$ |
0.09 |
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$ |
0.12 |
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$ |
0.16 |
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$ |
0.19 |
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(1) Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis.
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Year Ended December 31, 2011 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Total revenues |
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$ |
70,739 |
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$ |
72,101 |
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$ |
83,243 |
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$ |
89,140 |
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Operating income |
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21,174 |
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22,319 |
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26,177 |
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28,266 |
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Income from continuing operations |
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10,817 |
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10,842 |
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14,192 |
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15,138 |
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Net income |
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10,817 |
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10,842 |
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14,192 |
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15,138 |
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Income attributable to Tanger Factory Outlet Centers, Inc. |
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9,398 |
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9,422 |
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12,464 |
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13,357 |
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Income available to common shareholders of Tanger Factory Outlet Centers, Inc. |
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9,206 |
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8,257 |
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12,300 |
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13,194 |
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Basic earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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Net income |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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Diluted earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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Net income |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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(1) |
Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis. |
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