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, 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 September 30,
 
Nine months ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
24,255

 
$
56,081

 
$
59,552

 
$
90,056

Less allocation of earnings to participating securities
 
(482
)
 
(609
)
 
(1,392
)
 
(933
)
Net income available to common unitholders of the Operating Partnership
 
$
23,773

 
$
55,472

 
$
58,160

 
$
89,123

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
98,936

 
98,246

 
98,860

 
98,072

Effect of notional units
 

 
856

 

 
841

Effect of outstanding options and restricted common units
 
67

 
76

 
70

 
91

Diluted weighted average common units
 
99,003

 
99,178

 
98,930

 
99,004

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.24

 
$
0.56

 
$
0.59

 
$
0.91

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.24

 
$
0.56

 
$
0.59

 
$
0.90