Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.10.0.1
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 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 for the years ended December 31, 2018, 2017 and 2016 (in thousands, except per unit amounts):
 
 
2018
 
2017
 
2016
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
45,984

 
$
71,611

 
$
204,031

Allocation of earnings to participating securities
 
(1,211
)
 
(1,209
)
 
(1,928
)
Net income available to common unitholders of the Operating Partnership
 
$
44,773

 
$
70,402

 
$
202,103

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
98,302

 
99,533

 
100,155

Effect of notional units
 

 

 
175

Effect of outstanding options and certain restricted common units
 
1

 
16

 
68

Diluted weighted average common units
 
98,303

 
99,549

 
100,398

Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.45

 
$
0.71

 
$
2.02

Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.45

 
$
0.71

 
$
2.01