Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of the Company (Tables)

v3.5.0.2
Earnings Per Share of the Company (Tables)
 9 Months Ended
Sep. 30, 2016
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 the Company's earnings per share (in thousands, except per share amounts):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Numerator
 
 
 
 
 
 
 
 
Net income attributable to Tanger Factory Outlet Centers, Inc.
 
$
69,104

 
$
44,075

 
$
169,671

 
$
103,068

Less allocation of earnings to participating securities
 
(627
)
 
(494
)
 
(1,649
)
 
(1,210
)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
$
68,477

 
$
43,581

 
$
168,022

 
$
101,858

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common shares
 
95,156

 
94,746

 
95,075

 
94,675

Effect of notional units
 
426

 
—

 
393

 
—

Effect of outstanding options and certain restricted common shares
 
90

 
53

 
69

 
62

Diluted weighted average common shares
 
95,672

 
94,799

 
95,537

 
94,737

Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income
 
$
0.72

 
$
0.46

 
$
1.77

 
$
1.08

Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income
 
$
0.72

 
$
0.46

 
$
1.76

 
$
1.08