Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.8.0.1
Earnings Per Unit of the Operating Partnership (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 

 
 
 
 

 
 

Net income (loss) attributable to partners of the Operating Partnership
 
$
(16,034
)
 
$
72,772

 
$
38,427

 
$
178,680

Less allocation of earnings to participating securities
 
(306
)
 
(629
)
 
(907
)
 
(1,651
)
Net income (loss) available to common unitholders of the Operating Partnership
 
$
(16,340
)
 
$
72,143

 
$
37,520

 
$
177,029

Denominator:
 
 
 
 
 
 
 
 
Basic weighted average common units
 
98,951

 
100,209

 
99,809

 
100,127

Effect of notional units
 
—

 
426

 
—

 
393

Effect of outstanding options and certain restricted common units
 
—

 
90

 
23

 
69

Diluted weighted average common units
 
98,951

 
100,725

 
99,832

 
100,589

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(0.17
)
 
$
0.72

 
$
0.38

 
$
1.77

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(0.17
)
 
$
0.72

 
$
0.38

 
$
1.76