Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity of the Company (Notes)

 v2.3.0.11
Shareholders' Equity of the Company (Notes) (Tanger Factory Outlet Centers, Inc)
6 Months Ended
Jun. 30, 2011
Tanger Factory Outlet Centers, Inc
 
Schedule of Shareholders' Equity of the Company [Line Items]  
Stockholders' Equity Note Disclosure [Text Block]
Shareholders' Equity of the Company
The Company's Board of Directors declared a 2 for 1 split of the Company's common shares on January 13, 2011, effective in the form of a share dividend, payable on January 24, 2011. The Company retained the current par value of $0.01 per share on all common shares. All references to the number of shares outstanding, per share amounts and share options data of the Company's common shares have been restated to reflect the effect of the split for all periods presented. Shareholders' equity as of December 31, 2010 reflects the split by reclassifying from additional paid in capital to common shares an amount equal to the par value of the additional shares arising from the split. While the number of Operating Partnership units did not change as a result of the split, each Operating Partnership unit owned by the Family Limited Partners is now exchangeable for four of the Company's common shares. Prior to the 2011 split, the exchange ratio was one unit for two common shares.
Changes in Equity
The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to common shareholders and equity attributable to noncontrolling interests:
 
 
 
 
 
 
Noncontrolling
 
 
 
 
Distributions
Accumulated other
Total
interest in
 
 
Common
Paid in
in excess
comprehensive
shareholders'
Operating
Total
 
shares
capital
of earnings
income
equity
Partnership
equity
December 31, 2010
$
810

$
604,359

$
(240,024
)
$
1,784

$
366,929

$
54,966

$
421,895

Comprehensive income:
 
 
 
 
 
 
 
Net income


18,820


18,820

2,839

21,659

Other comprehensive income (loss)



(101
)
(101
)
(16
)
(117
)
Total comprehensive income


18,820

(101
)
18,719

2,823

21,542

Compensation under Incentive Award Plan

3,618



3,618


3,618

Grant of 312,400 restricted shares, net of forfeitures
3

(3
)





Issuance of 4,500 common shares upon exercise of options

43



43


43

Issuance of 2,232 common shares upon exchange of senior, exchangeable notes







Adjustment for noncontrolling interests in Operating Partnership

(261
)


(261
)
261


Common dividends ($.3938 per share)


(32,009
)

(32,009
)

(32,009
)
Distributions to noncontrolling interests in Operating Partnership





(4,776
)
(4,776
)
June 30, 2011
$
813

$
607,756

$
(253,213
)
$
1,683

$
357,039

$
53,274

$
410,313