Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.22.2.2
Earnings Per Unit of the Operating Partnership (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):
Three months ended September 30, Nine months ended September 30,
  2022 2021 2022 2021
Numerator:
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 23,276  $ (10,579) $ 63,699  $ (3,968)
Less allocation of earnings to participating securities (232) (401) (669) (804)
Net income (loss) available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 23,044  $ (10,980) $ 63,030  $ (4,772)
Denominator:
Basic weighted average common shares 103,749  103,269  103,655  99,446 
Effect of notional units 527  —  473  — 
Effect of outstanding options 661  —  701  — 
Diluted weighted average common shares 104,937  103,269  104,829  99,446 
Basic earnings per common share:
Net income (loss) $ 0.22  $ (0.11) $ 0.61  $ (0.05)
Diluted earnings per common share:
Net income (loss) $ 0.22  $ (0.11) $ 0.60  $ (0.05)
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 September 30, Nine months ended September 30,
  2022 2021 2022 2021
Numerator:      
Net income (loss) attributable to partners of the Operating Partnership $ 24,345  $ (11,071) $ 66,626  $ (4,133)
Less allocation of earnings to participating securities (232) (401) (669) (804)
Net income (loss) available to common unitholders of the Operating Partnership $ 24,113  $ (11,472) $ 65,957  $ (4,937)
Denominator:
Basic weighted average common units 108,511  108,063  108,417  104,241 
Effect of notional units 527  —  473  — 
Effect of outstanding options 661  —  701  — 
Diluted weighted average common units 109,699  108,063  109,591  104,241 
Basic earnings per common unit:
Net income (loss) $ 0.22  $ (0.11) $ 0.61  $ (0.05)
Diluted earnings per common unit:
Net income (loss) $ 0.22  $ (0.11) $ 0.60  $ (0.05)