Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of the Company (Tables)

v3.21.2
Earnings Per Share of the Company (Tables)
 6 Months Ended
Jun. 30, 2021
Tanger Factory Outlet Centers, Inc. [Member]  
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 June 30, Six months ended June 30,
  2021 2020 2021 2020
Numerator:
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 2,478  $ (22,688) $ 6,611  $ (49,570)
Less allocation of earnings to participating securities (196) (176) (403) (692)
Net income (loss) available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 2,282  $ (22,864) $ 6,208  $ (50,262)
Denominator:
Basic weighted average common shares 100,409  92,632  97,504  92,569 
Effect of notional units 818  —  685  — 
Effect of outstanding options 771  —  728  — 
Diluted weighted average common shares 101,998  92,632  98,917  92,569 
Basic earnings per common share:
Net income (loss) $ 0.02  $ (0.25) $ 0.06  $ (0.54)
Diluted earnings per common share:
Net income (loss) $ 0.02  $ (0.25) $ 0.06  $ (0.54)