Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v2.4.0.6
Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)
3 Months Ended
Mar. 31, 2012
Tanger Properties Limited Partnership
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth a reconciliation of the numerators and denominators in computing the Operating Partnership's earnings per unit for the three months ended March 31, 2012 and 2011, respectively (in thousands, except per unit amounts):
 
 
Three Months Ended
March 31,
 
 
2012
 
2011
Numerator
 
 

 
 
Net income attributable to partners of the Operating Partnership
 
$
8,841

 
$
10,817

Less allocation of earnings to participating securities
 
(158
)
 
(192
)
Net income available to common unitholders of the Operating Partnership
 
$
8,683

 
$
10,625

Denominator
 
 
 
 
Basic weighted average common units
 
24,382

 
23,121

Effect of notional units
 
274

 

Effect of senior exchangeable notes
 

 
31

Effect of outstanding options
 
16

 
19

Diluted weighted average common units
 
24,672

 
23,171

Basic earnings per common unit:
 
 
 
 
Net income
 
$
0.36

 
$
0.46

Diluted earnings per common unit:
 
 
 
 
Net income
 
$
0.35

 
$
0.46