Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.7.0.1
Earnings Per Unit of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 2017
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,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
30,947

 
$
77,314

 
$
54,461

 
$
105,908

Less allocation of earnings to participating securities
 
(306
)
 
(725
)
 
(601
)
 
(1,019
)
Net income available to common unitholders of the Operating Partnership
 
$
30,641

 
$
76,589

 
$
53,860

 
$
104,889

Denominator:
 
 
 
 
 
 
 
 
Basic weighted average common units
 
100,053

 
100,177

 
100,245

 
100,087

Effect of notional units
 

 
183

 

 
167

Effect of outstanding options and certain restricted common units
 
5

 
68

 
35

 
64

Diluted weighted average common units
 
100,058

 
100,428

 
100,280

 
100,318

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.31

 
$
0.76

 
$
0.54

 
$
1.05

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.31

 
$
0.76

 
$
0.54

 
$
1.05