Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.6.0.2
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 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 for the years ended December 31, 2016, 2015 and 2014 (in thousands, except per unit amounts):
 
 
2016
 
2015
 
2014
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
204,031

 
$
222,531

 
$
78,048

Allocation of earnings to participating securities
 
(1,928
)
 
(2,413
)
 
(1,873
)
Net income available to common unitholders of the Operating Partnership
 
$
202,103

 
$
220,118

 
$
76,175

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
100,155

 
99,777

 
98,883

Effect of notional units
 
175

 

 

Effect of outstanding options and certain restricted common units
 
68

 
61

 
70

Diluted weighted average common units
 
100,398

 
99,838

 
98,953

Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
2.02

 
$
2.21

 
$
0.77

Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
2.01

 
$
2.20

 
$
0.77