Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.3.0.814
Earnings Per Unit of the Operating Partnership (Tables)
 9 Months Ended
Sep. 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 September 30,
Nine months ended September 30,
 
 
2015
 
2014
2015
 
2014
Numerator
 
 

 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
46,439

 
$
24,255

$
108,600

 
$
59,552

Less allocation of earnings to participating securities
 
(495
)
 
(482
)
(1,211
)
 
(1,392
)
Net income available to common unitholders of the Operating Partnership
 
$
45,944

 
$
23,773

$
107,389

 
$
58,160

Denominator
 
 
 
 
 
 
 
Basic weighted average common units
 
99,824

 
98,936

99,753

 
98,860

Effect of notional units
 
—

 
—

—

 
—

Effect of outstanding options and certain restricted common units
 
53

 
67

62

 
70

Diluted weighted average common units
 
99,877

 
99,003

99,815

 
98,930

Basic earnings per common unit:
 
 
 
 
 
 
 
Net income
 
$
0.46

 
$
0.24

$
1.08

 
$
0.59

Diluted earnings per common unit:
 
 
 
 
 
 
 
Net income
 
$
0.46

 
$
0.24

$
1.08

 
$
0.59