Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.8.0.1
Earnings Per Unit of the Operating Partnership (Tables)
 12 Months Ended
Dec. 31, 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 for the years ended December 31, 2017, 2016 and 2015 (in thousands, except per unit amounts):
 
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
71,611

 
$
204,031

 
$
222,531

Allocation of earnings to participating securities
 
(1,209
)
 
(1,928
)
 
(2,413
)
Net income available to common unitholders of the Operating Partnership
 
$
70,402

 
$
202,103

 
$
220,118

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
99,533

 
100,155

 
99,777

Effect of notional units
 
—

 
175

 
—

Effect of outstanding options and certain restricted common units
 
16

 
68

 
61

Diluted weighted average common units
 
99,549

 
100,398

 
99,838

Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.71

 
$
2.02

 
$
2.21

Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.71

 
$
2.01

 
$
2.20