Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v2.4.0.8
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data of the Company (Unaudited)

The following table sets forth the Company's summarized quarterly financial information for the years ended December 31, 2013 and 2012 (unaudited and in thousands, except per common share data)(1). This information is not required for the Operating Partnership:
 
 
Year Ended December 31, 2013
 
 
First Quarter
 
Second Quarter
 
Third Quarter (2)
 
Fourth Quarter
Total revenues
 
$
88,689

 
$
91,015

 
$
97,903

 
$
107,402

Operating income
 
28,515

 
29,856

 
33,531

 
35,993

Net income
 
16,229

 
17,776

 
56,180

 
23,136

Income attributable to Tanger Factory Outlet Centers, Inc.
 
15,439

 
16,888

 
53,294

 
21,936

Income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
15,245

 
16,657

 
52,685

 
21,706

 
 
 
 
 
 
 
 
 
Basic earnings per share available to common shareholders
 
 
 
 
 
 
 
 
Net income
 
$
0.16

 
$
0.18

 
$
0.56

 
$
0.23

 
 

 

 

 

Diluted earnings per share available to common shareholders
 
 
 
 
 
 
 
 
Net income
 
$
0.16

 
$
0.18

 
$
0.56

 
$
0.23

(1) Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis.
(2) For the third quarter, net income includes a $26.0 million gain on our previously held interest in Deer Park upon the acquisition of an additional one-third interest in August 2013, and the consolidation of Deer Park into our financial statements.

 
 
Year Ended December 31, 2012
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Total revenues
 
$
84,243

 
$
87,335

 
$
90,483

 
$
94,936

Operating income
 
22,620

 
25,736

 
29,042

 
32,187

Net income
 
8,834

 
12,458

 
16,170

 
19,014

Income attributable to Tanger Factory Outlet Centers, Inc.
 
8,128

 
11,717

 
15,237

 
18,056

Income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
7,970

 
11,508

 
15,118

 
17,848

 
 
 
 
 
 
 
 
 
Basic earnings per share available to common shareholders
 
 
 
 
 
 
 
 
Net income
 
$
0.09

 
$
0.13

 
$
0.16

 
$
0.19

 
 
 
 
 
 
 
 
 
Diluted earnings per share available to common shareholders
 
 
 
 
 
 
 
 
Net income
 
$
0.09

 
$
0.12

 
$
0.16

 
$
0.19

(1)
Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis.