Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of the Company (Tables)

v3.7.0.1
Earnings Per Share of the Company (Tables)
 6 Months Ended
Jun. 30, 2017
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,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
 
Net income attributable to Tanger Factory Outlet Centers, Inc.
 
$
29,390

 
$
73,417

 
$
51,726

 
$
100,567

Less allocation of earnings to participating securities
 
(306
)
 
(725
)
 
(601
)
 
(1,019
)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc.
 
$
29,084

 
$
72,692

 
$
51,125

 
$
99,548

Denominator:
 
 
 
 
 
 
 
 
Basic weighted average common shares
 
95,025

 
95,124

 
95,217

 
95,034

Effect of notional units
 
—

 
183

 
—

 
167

Effect of outstanding options and certain restricted common shares
 
5

 
68

 
35

 
64

Diluted weighted average common shares
 
95,030

 
95,375

 
95,252

 
95,265

Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income
 
$
0.31

 
$
0.76

 
$
0.54

 
$
1.05

Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income
 
$
0.31

 
$
0.76

 
$
0.54

 
$
1.04