Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.2.0.727
Earnings Per Unit of the Operating Partnership (Tables)
 6 Months Ended
Jun. 30, 2015
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,
 
 
2015
 
2014
2015
 
2014
Numerator
 
 

 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
25,794

 
$
19,878

$
62,161

 
$
35,297

Less allocation of earnings to participating securities
 
(308
)
 
(481
)
(716
)
 
(910
)
Net income available to common unitholders of the Operating Partnership
 
$
25,486

 
$
19,397

$
61,445

 
$
34,387

Denominator
 
 
 
 
 
 
 
Basic weighted average common units
 
99,819

 
98,916

99,717

 
98,818

Effect of notional units
 
—

 
—

—

 
—

Effect of outstanding options and certain restricted common units
 
54

 
74

66

 
72

Diluted weighted average common units
 
99,873

 
98,990

99,783

 
98,890

Basic earnings per common unit:
 
 
 
 
 
 
 
Net income
 
$
0.26

 
$
0.20

$
0.62

 
$
0.35

Diluted earnings per common unit:
 
 
 
 
 
 
 
Net income
 
$
0.26

 
$
0.20

$
0.62

 
$
0.35