Tanger Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets as of December 31, 2014 and December 31, 2013 (in thousands):



							Fair Value
Effective Date	Maturity Date	Notional Amount		Bank Pay Rate	Company Fixed Pay Rate		2014		2013
Assets:
November 14, 2013	August 14, 2018	$	50,000	1 month LIBOR	1.3075	%	$	26	$	455
November 14, 2013	August 14, 2018	50,000		1 month LIBOR	1.2970	%	40		440
November 14, 2013	August 14, 2018	50,000		1 month LIBOR	1.3025	%	29		487
Total		$	150,000				$	95	$	1,382

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements for the years ended December 31, 2014, 2013 and 2012, respectively (in thousands):



	Location of Reclassification from Accumulated Other Comprehensive Income Into Income	December 31,
		2014			2013		2012
Interest Rate Swaps (Effective Portion):
Amount of (gain) loss recognized in other comprehensive income on derivative		$	(1,287	)	$	1,382	$	—

Treasury Rate Lock (Effective Portion):
Amount of gain reclassified from accumulated other comprehensive income into income	Interest Expense	$	741		$	371	$	351