Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.10.0.1
Earnings Per Unit of the Operating Partnership (Tables)
 6 Months Ended
Jun. 30, 2018
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,
 
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
24,198

 
$
30,947

 
$
48,253

 
$
54,461

Less allocation of earnings to participating securities
 
(313
)
 
(306
)
 
(576
)
 
(601
)
Net income available to common unitholders of the Operating Partnership
 
$
23,885

 
$
30,641

 
$
47,677

 
$
53,860

Denominator:
 
 
 
 
 
 
 
 
Basic weighted average common units
 
98,294

 
100,053

 
98,466

 
100,245

Effect of outstanding options and certain restricted common units
 
—

 
5

 
—

 
35

Diluted weighted average common units
 
98,294

 
100,058

 
98,466

 
100,280

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.24

 
$
0.31

 
$
0.48

 
$
0.54

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.24

 
$
0.31

 
$
0.48

 
$
0.54