Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.21.2
Earnings Per Unit of the Operating Partnership (Tables)
 6 Months Ended
Jun. 30, 2021
Tanger Properties Limited Partnership [Member]  
Schedule of Earnings Per Share, Basic and Diluted
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 June 30, Six months ended June 30,
  2021 2020 2021 2020
Numerator:      
Net income (loss) attributable to partners of the Operating Partnership $ 2,596  $ (23,890) $ 6,938  $ (52,199)
Less allocation of earnings to participating securities (196) (176) (403) (692)
Net income (loss) available to common unitholders of the Operating Partnership $ 2,400  $ (24,066) $ 6,535  $ (52,891)
Denominator:
Basic weighted average common units 105,204  97,543  102,299  97,480 
Effect of notional units 818  —  685  — 
Effect of outstanding options 771  —  728  — 
Diluted weighted average common units 106,793  97,543  103,712  97,480 
Basic earnings per common unit:
Net income (loss) $ 0.02  $ (0.25) $ 0.06  $ (0.54)
Diluted earnings per common unit:
Net income (loss) $ 0.02  $ (0.25) $ 0.06  $ (0.54)