Tanger Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Supplemental Cash Flow Information

Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

We purchase capital equipment and incur costs relating to construction of facilities, including tenant finishing allowances. Expenditures included in accounts payable and accrued expenses were as follows (in thousands):



	As of		As of
	March 31, 2019		March 31, 2018
Costs relating to construction included in accounts payable and accrued expenses	$	12,791	$	18,978

Dividends payable were as follows (in thousands):



	As of		As of
	March 31, 2019		March 31, 2018
Dividends payable	$	35,199	$	—

Interest paid, net of interest capitalized was as follows (in thousands):



	Three months ended March 31,
	2019		2018
Interest paid	$	16,022	$	15,903

Information related to non-cash assets and liabilities recorded as a result of the adoption of Accounting Standards Codification Topic 842 “Leases” (“ASC 842”) as of March 31, 2019 was as follows (in thousands):



	March 31, 2019
Non-Cash operating lease right-of-use assets exchanged for operating lease liabilities	$	87,679
Non-Cash operating lease liabilities exchanged for operating right-of-use assets	92,354

The difference between the recorded operating lease liabilities and operating right-of-use assets represents the accrued straight-line rent liability of $5.0 million and our prepaid rent balances of $307,000 previously recognized under Accounting Standards Codification Topic 840 “Leases” ("ASC 840") that were reclassified to the operating leases right-of use assets under ASC 842.

Cash flow information related to leases for the three months ended March 31, 2019 (in thousands):



	March 31, 2019
Operating cash outflows related to operating leases	$	1,403