Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income of the Company (Notes)

v2.4.0.6
Other Comprehensive Income of the Company (Notes) (Tanger Factory Outlet Centers, Inc)
 12 Months Ended
Dec. 31, 2011
Tanger Factory Outlet Centers, Inc
  
Comprehensive Income (Loss) Note [Text Block]
Other Comprehensive Income of the Company

Total comprehensive income for the years ended December 31, 2011, 2010 and 2009 is as follows (in thousands):

 
 
2011
 
2010
 
2009
Net income
 
$
50,989

 
$
38,244

 
$
67,495

Other comprehensive income:
 
 
 
 
 
 
Reclassification adjustment for amortization of gain on settlement of US treasury rate lock included in net income
 
(331
)
 
(311
)
 
(294
)
Reclassification adjustment for termination of derivatives
 
—

 
6,142

 
—

Change in fair value of cash flow hedges
 
—

 
2,905

 
2,700

Change in fair value of our portion of our unconsolidated joint ventures' cash flow hedges
 
46

 
7

 
2,079

Other comprehensive income (loss)
 
(285
)
 
8,743

 
4,485

Total comprehensive income
 
50,704

 
46,987

 
71,980

Total comprehensive income attributable to the noncontrolling interest
 
(6,312
)
 
(5,145
)
 
(10,153
)
Total comprehensive income attributable to common shareholders of the Company
 
$
44,392

 
$
41,842

 
$
61,827



The remaining net benefit from a derivative settled during 2005 in accumulated other comprehensive income was an unamortized balance as of December 31, 2011 of $1.5 million which will be amortized into the statement of operations through October 2015.