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

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of the Company (Details)

Earnings Per Share of the Company (Details) (Tanger Factory Outlet Centers, Inc [Member], USD $)
In Thousands, except Share data, unless otherwise specified

1 Months Ended

3 Months Ended

12 Months Ended

Jan. 31, 2014

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Tanger Factory Outlet Centers, Inc [Member]

Numerator

Net income attributable to Tanger Factory Outlet Centers, Inc.

^[1],[2]

^[1]

^[1]

^[1]

^[1]

^[1],[3]

^[1]

^[1]

Less allocation of earnings to participating securities

(1,872)

(1,126)

(784)

Net income available to common shareholders/unitholders of Tanger Factory Outlet Centers, Inc./the Operating Partnership

^[1],[2]

^[1]

^[1]

^[1]

^[1]

^[1],[3]

^[1]

^[1]

Denominator

Basic weighted average common shares (in shares)

93,769,000

93,311,000

91,733,000

Effect of notional units (in shares)

849,000

846,000

Effect of outstanding options and restricted common shares (in shares)

70,000

87,000

82,000

Diluted weighted average common shares (in shares)

93,839,000

94,247,000

92,661,000

Basic earnings per common share:

Net income, basic (in dollars per share)

$ 0.18

^[1],[2]

$ 0.24

^[1]

$ 0.20

^[1]

$ 0.15

^[1]

$ 0.23

^[1]

$ 0.56

^[1],[3]

$ 0.18

^[1]

$ 0.16

^[1]

$ 0.77

$ 1.14

$ 0.57

Diluted earnings per common share:

Net income, diluted (in dollars per share)

$ 0.18

^[1],[2]

$ 0.24

^[1]

$ 0.20

^[1]

$ 0.15

^[1]

$ 0.23

^[1]

$ 0.56

^[1],[3]

$ 0.18

^[1]

$ 0.16

^[1]

$ 0.77

$ 1.13

$ 0.57

Number of notional units converted to restricted common shares

933,769

Antidilutive securities excluded from computation of earnings per share (in shares)

259,000

17,600

[1]	Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis.
[2]	For the fourth quarter, net income includes a $7.5 million gain on the sale of our Lincoln City outlet center and a $13.1 million loss on early extinguishment of debt related to the early redemption of senior notes due November 2015.
[3]	For the third quarter, net income includes a $26.0 million gain on our previously held interest in Deer Park upon the acquisition of an additional one-third interest in August 2013, and the consolidation of Deer Park into our financial statements.