Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.3.1.900
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 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 for the years ended December 31, 2015, 2014 and 2013 (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:
 
 
2015
 
2014
 
2013
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
222,531

 
$
78,048

 
$
113,200

Allocation of earnings to participating securities
 
(2,413
)
 
(1,873
)
 
(1,129
)
Net income available to common unitholders of the Operating Partnership
 
$
220,118

 
$
76,175

 
$
112,071

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
99,777

 
98,883

 
98,193

Effect of notional units
 

 

 
849

Effect of outstanding options and certain restricted common units
 
61

 
70

 
87

Diluted weighted average common units
 
99,838

 
98,953

 
99,129

 
 
 
 
 
 
 
Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
2.21

 
$
0.77

 
$
1.14

 
 
 
 
 
 
 
Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
2.20

 
$
0.77

 
$
1.13