Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of the Company (Tables)

v3.6.0.2
Earnings Per Share of the Company (Tables)
 12 Months Ended
Dec. 31, 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 earnings per share for the years ended December 31, 2016, 2015 and 2014 (in thousands, except per share amounts):
 
 
2016
 
2015
 
2014
Numerator
 
 
 
 
 
 
Net income attributable to Tanger Factory Outlet Centers, Inc.
 
$
193,744

 
$
211,200

 
$
74,011

Less allocation of earnings to participating securities
 
(1,926
)
 
(2,408
)
 
(1,872
)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
$
191,818

 
$
208,792

 
$
72,139

Denominator
 
 
 
 
 
 
Basic weighted average common shares
 
95,102

 
94,698

 
93,769

Effect of notional units
 
175

 
—

 
—

Effect of outstanding options and certain restricted common shares
 
68

 
61

 
70

Diluted weighted average common shares
 
95,345

 
94,759

 
93,839

Basic earnings per common share:
 
 
 
 
 
 
Net income
 
$
2.02

 
$
2.20

 
$
0.77

Diluted earnings per common share:
 
 
 
 
 
 
Net income
 
$
2.01

 
$
2.20

 
$
0.77