Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS??? EQUITY

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Equity attributable to Tanger Factory Outlet Centers, Inc.
Common shares
Paid in capital
Accumulated distributions in excess of earnings
Accumulated other comprehensive loss
Noncontrolling Interests
Noncontrolling interests in Operating Partnership
Noncontrolling Interests
Noncontrolling interests in other consolidated partnerships
Beginning Balance at Dec. 31, 2021 $ 499,789 $ 477,925 $ 1,041 $ 978,054 $ (483,409) $ (17,761) $ 21,864 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 42,281 40,423     40,423   1,858  
Other comprehensive income (loss) 8,724 8,341       8,341 383  
Compensation under Incentive Award Plan 7,045 7,045   7,045        
Issuance of common shares upon exercise of options 15 15   15        
Grant of restricted common shares awards, net of forfeitures 0   4 (4)        
Withholding of common shares for employee income taxes (3,203) (3,203) (1) (3,202)        
Adjustment for noncontrolling interests in Operating Partnership 0 (75)   (75)     75  
Common dividends (40,255) (40,255)     (40,255)      
Distributions to noncontrolling interests (1,821)           (1,821)  
Ending Balance at Jun. 30, 2022 $ 512,575 490,216 1,044 981,833 (483,241) (9,420) 22,359 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Grant of restricted common share awards, net of forfeitures (in units) 499,336              
Beginning Balance at Mar. 31, 2022 $ 510,577 488,320 1,044 978,734 (482,206) (9,252) 22,257 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 20,819 19,905     19,905   914  
Other comprehensive income (loss) (176) (168)       (168) (8)  
Compensation under Incentive Award Plan 4,299 4,299   4,299        
Issuance of common shares upon exercise of options 5 5   5        
Forfeiture of restricted common share awards 0 0 0          
Withholding of common shares for employee income taxes (1,057) (1,057)   (1,057)        
Adjustment for noncontrolling interests in Operating Partnership   (148)   (148)     148  
Common dividends (20,940) (20,940)     (20,940)      
Distributions to noncontrolling interests (952)           (952)  
Ending Balance at Jun. 30, 2022 512,575 490,216 1,044 981,833 (483,241) (9,420) 22,359 0
Beginning Balance at Dec. 31, 2022 513,934 491,643 1,045 987,192 (485,557) (11,037) 22,291 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 50,160 47,743     47,743   2,169 248
Other comprehensive income (loss) (2,410) (2,305)       (2,305) (105)  
Compensation under Incentive Award Plan 5,775 5,775   5,775        
Issuance of common shares upon exercise of options 43 43   43        
Grant of restricted common shares awards, net of forfeitures (1) (1) 10 (11)        
Withholding of common shares for employee income taxes (6,843) (6,843) (3) (6,840)        
Adjustment for noncontrolling interests in Operating Partnership 0 313   313     (313)  
Common dividends (50,459) (50,459)     (50,459)   0  
Distributions to noncontrolling interests (2,456)           (2,208) (248)
Ending Balance at Jun. 30, 2023 $ 507,743 485,909 1,052 986,472 (488,273) (13,342) 21,834 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Grant of restricted common share awards, net of forfeitures (in units) 1,042,932              
Beginning Balance at Mar. 31, 2023 $ 506,306 484,509 1,053 984,254 (486,639) (14,159) 21,797 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 25,300 24,202     24,202   1,098  
Other comprehensive income (loss) 854 817       817 37  
Compensation under Incentive Award Plan 3,452 3,452   3,452        
Issuance of common shares upon exercise of options 28 28   28        
Forfeiture of restricted common share awards (1) (1) (1)          
Withholding of common shares for employee income taxes (1,194) (1,194)   (1,194)        
Adjustment for noncontrolling interests in Operating Partnership 0 (68)   (68)     68  
Common dividends (25,836) (25,836)     (25,836)   0  
Distributions to noncontrolling interests (1,166)           (1,166) 0
Ending Balance at Jun. 30, 2023 $ 507,743 $ 485,909 $ 1,052 $ 986,472 $ (488,273) $ (13,342) $ 21,834 $ 0