Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.5.0.2
Earnings Per Unit of the Operating Partnership (Tables)
 6 Months Ended
Jun. 30, 2016
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,
 
 
2016
 
2015
 
2016
 
2015
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
77,314

 
$
25,794

 
$
105,908

 
$
62,161

Less allocation of earnings to participating securities
 
(725
)
 
(308
)
 
(1,019
)
 
(716
)
Net income available to common unitholders of the Operating Partnership
 
$
76,589

 
$
25,486

 
$
104,889

 
$
61,445

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
100,177

 
99,819

 
100,087

 
99,717

Effect of notional units
 
183

 
—

 
167

 
—

Effect of outstanding options and certain restricted common units
 
68

 
54

 
64

 
66

Diluted weighted average common units
 
100,428

 
99,873

 
100,318

 
99,783

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.76

 
$
0.26

 
$
1.05

 
$
0.62

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.76

 
$
0.26

 
$
1.05

 
$
0.62