Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.19.3.a.u2
Earnings Per Unit of the Operating Partnership (Tables)
 12 Months Ended
Dec. 31, 2019
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 for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per unit amounts):
 
 
2019
 
2018
 
2017
Numerator
 
 
 
 
 
 
Net income attributable to partners of the Operating Partnership
 
$
92,533

 
$
45,984

 
$
71,611

Allocation of earnings to participating securities
 
(1,336
)
 
(1,211
)
 
(1,209
)
Net income available to common unitholders of the Operating Partnership
 
$
91,197

 
$
44,773

 
$
70,402

Denominator
 
 
 
 
 
 
Basic weighted average common units
 
97,766

 
98,302

 
99,533

Effect of outstanding options and certain restricted common units
 
—

 
1

 
16

Diluted weighted average common units
 
97,766

 
98,303

 
99,549

Basic earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.93

 
$
0.45

 
$
0.71

Diluted earnings per common unit:
 
 
 
 
 
 
Net income
 
$
0.93

 
$
0.45

 
$
0.71