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, 2014
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 (in thousands, except per unit amounts).
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2014
 
2013
 
2014
 
2013
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
19,878

 
$
17,747

 
$
35,297

 
$
33,975

Less allocation of earnings to participating securities
 
(481
)
 
(231
)
 
(910
)
 
(425
)
Net income available to common unitholders of the Operating Partnership
 
$
19,397

 
$
17,516

 
$
34,387

 
$
33,550

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
98,916

 
98,079

 
98,818

 
97,983

Effect of notional units
 

 
784

 

 
777

Effect of outstanding options and restricted common units
 
74

 
92

 
72

 
99

Diluted weighted average common units
 
98,990

 
98,955

 
98,890

 
98,859

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.20

 
$
0.18

 
$
0.35

 
$
0.34

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.20

 
$
0.18

 
$
0.35

 
$
0.34