Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v2.4.1.9
Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])
 12 Months Ended
Dec. 31, 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 for the years ended December 31, 2014, 2013 and 2012 (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:
 
 
2014
 
2013
 
2012
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
78,048

 
$
113,200

 
$
56,495

Allocation of earnings to participating securities
 
(1,873
)
 
(1,129
)
 
(784
)
Net income available to common unitholders of the Operating Partnership
 
$
76,175

 
$
112,071

 
$
55,711

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
98,883

 
98,193

 
97,677

Effect of notional units
 
—

 
849

 
846

Effect of outstanding options and certain restricted common units
 
70

 
87

 
82

Diluted weighted average common units
 
98,953

 
99,129

 
98,605

 
 
 
 
 
 
 
Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.77

 
$
1.14

 
$
0.57

 
 
 
 
 
 
 
Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.77

 
$
1.13

 
$
0.57