Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of the Company (Tables)

v3.3.1.900
Earnings Per Share of the Company (Tables)
12 Months Ended
Dec. 31, 2015
Tanger Factory Outlet Centers, Inc [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 share for the years ended December 31, 2015, 2014 and 2013 (in thousands, except per share amounts):
 
 
2015
 
2014
 
2013
Numerator
 
 
 
 
 
 
Net income attributable to Tanger Factory Outlet Centers, Inc.
 
$
211,200

 
$
74,011

 
$
107,557

Less allocation of earnings to participating securities
 
(2,408
)
 
(1,872
)
 
(1,126
)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
$
208,792

 
$
72,139

 
$
106,431

Denominator
 
 
 
 
 
 
Basic weighted average common shares
 
94,698

 
93,769

 
93,311

Effect of notional units
 

 

 
849

Effect of outstanding options and certain restricted common shares
 
61

 
70

 
87

Diluted weighted average common shares
 
94,759

 
93,839

 
94,247

 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
Net income
 
$
2.20

 
$
0.77

 
$
1.14

 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
Net income
 
$
2.20

 
$
0.77

 
$
1.13