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)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
72,772

 
$
46,439

 
$
178,680

 
$
108,600

Less allocation of earnings to participating securities
 
(629
)
 
(495
)
 
(1,651
)
 
(1,211
)
Net income available to common unitholders of the Operating Partnership
 
$
72,143

 
$
45,944

 
$
177,029

 
$
107,389

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
100,209

 
99,824

 
100,127

 
99,753

Effect of notional units
 
426

 
—

 
393

 
—

Effect of outstanding options and certain restricted common units
 
90

 
53

 
69

 
62

Diluted weighted average common units
 
100,725

 
99,877

 
100,589

 
99,815

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.72

 
$
0.46

 
$
1.77

 
$
1.08

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.72

 
$
0.46

 
$
1.76

 
$
1.08