Quarterly report pursuant to Section 13 or 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])
3 Months Ended
Mar. 31, 2013
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 the Operating Partnership's earnings per unit (in thousands, except per unit amounts):
 
 
Three months ended March 31,
 
 
2013
 
2012
Numerator
 
 

 
 
Net income attributable to partners of the Operating Partnership
 
$
16,228

 
$
8,841

Less allocation of earnings to participating securities
 
(194
)
 
(158
)
Net income available to common unitholders of the Operating Partnership
 
$
16,034

 
$
8,683

Denominator
 
 
 
 
Basic weighted average common units
 
24,472

 
24,382

Effect of notional units
 
201

 
274

Effect of outstanding options and restricted common units
 
27

 
16

Diluted weighted average common units
 
24,700

 
24,672

Basic earnings per common unit:
 
 
 
 
Net income
 
$
0.66

 
$
0.36

Diluted earnings per common unit:
 
 
 
 
Net income
 
$
0.65

 
$
0.35