Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.22.2.2
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 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 for the years ended December 31, 2021, 2020 and 2019 (in thousands, except per unit amounts):
2021 2020 2019
Numerator
Net income (loss) attributable to partners of the Operating Partnership $ 9,558  $ (38,203) $ 92,533 
Allocation of earnings to participating securities (804) (692) (1,336)
Net income (loss) available to common unitholders of the Operating Partnership $ 8,754  $ (38,895) $ 91,197 
Denominator
Basic weighted average common units 105,208  97,521  97,766 
Effect of notional units 809  —  — 
Effect of outstanding options 752  —  — 
Diluted weighted average common units 106,769  97,521  97,766 
Basic earnings per common unit:
Net income (loss) $ 0.08  $ (0.40) $ 0.93 
Diluted earnings per common unit:
Net income (loss) $ 0.08  $ (0.40) $ 0.93