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])
 9 Months Ended
Sep. 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). Note that all per unit amounts reflect a four-for-one split of the Operating Partnership's units.
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
56,081

 
$
16,163

 
$
90,056

 
$
37,487

Less allocation of earnings to participating securities
 
(609
)
 
(209
)
 
(933
)
 
(576
)
Net income available to common unitholders of the Operating Partnership
 
$
55,472

 
$
15,954

 
$
89,123

 
$
36,911

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
98,246

 
97,727

 
98,072

 
97,656

Effect of notional units
 
856

 
879

 
841

 
865

Effect of outstanding options and restricted common units
 
76

 
93

 
91

 
78

Diluted weighted average common units
 
99,178

 
98,699

 
99,004

 
98,599

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.56

 
$
0.16

 
$
0.91

 
$
0.38

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.56

 
$
0.16

 
$
0.90

 
$
0.37