Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v2.4.0.8
Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])
 6 Months Ended
Jun. 30, 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 June 30,
 
Six months ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
17,747

 
$
12,483

 
$
33,975

 
$
21,324

Less allocation of earnings to participating securities
 
(231
)
 
(209
)
 
(425
)
 
(367
)
Net income available to common unitholders of the Operating Partnership
 
$
17,516

 
$
12,274

 
$
33,550

 
$
20,957

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
24,520

 
24,428

 
24,496

 
24,405

Effect of notional units
 
196

 
254

 
194

 
252

Effect of outstanding options and restricted common units
 
23

 
21

 
25

 
19

Diluted weighted average common units
 
24,739

 
24,703

 
24,715

 
24,676

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.71

 
$
0.50

 
$
1.37

 
$
0.86

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.71

 
$
0.50

 
$
1.36

 
$
0.85