Annual report pursuant to Section 13 and 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])
12 Months Ended
Dec. 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 earnings per unit for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per unit amounts). Note that all per unit amounts reflect a four-for-one split of the Operating Partnership's units in August 2013:
 
 
2013
 
2012
 
2011
NUMERATOR
 
 
 
 
 
 
Income from continuing operations available to partners of the Operating Partnership
 
$
113,200

 
$
56,495

 
$
50,997

Allocation of earnings to participating securities
 
(1,129
)
 
(784
)
 
(684
)
Net income available to common unitholders of the Operating Partnership
 
$
112,071

 
$
55,711

 
$
50,313

DENOMINATOR
 
 
 
 
 
 
Basic weighted average common units
 
98,193

 
97,677

 
94,892

Effect of notional units
 
849

 
846

 
965

Effect of exchangeable notes
 

 

 
93

Effect of outstanding options and certain restricted units
 
87

 
82

 
71

Diluted weighted average common units
 
99,129

 
98,605

 
96,021

 
 
 
 
 
 
 
Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
1.14

 
$
0.57

 
$
0.53

 
 
 
 
 
 
 
Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
1.13

 
$
0.57

 
$
0.52