Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation of the Company (Tables)

v2.4.0.6
Share-based Compensation of the Company (Tables) (Tanger Factory Outlet Centers, Inc)
 6 Months Ended
Jun. 30, 2012
Tanger Factory Outlet Centers, Inc
  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table summarizes information related to unvested restricted common shares outstanding as of June 30, 2012:
Unvested Restricted Common Shares
 
Number of shares
 
Weighted-average grant date fair value
Unvested at December 31, 2011
 
791,337

 
$
20.93

Granted
 
571,000

 
27.90

Vested
 
(273,800
)
 
21.44

Forfeited
 
(5,000
)
 
29.50

Unvested at June 30, 2012
 
1,083,537

 
$
24.43

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
We recorded share-based compensation expense in general and administrative expenses in our consolidated statements of operations as follows (in thousands):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2012
 
2011
 
2012
 
2011
Restricted common shares (1)
 
$
1,864

 
$
1,266

 
$
4,714

 
$
2,533

Notional unit performance awards
 
490

 
507

 
979

 
1,013

Options
 
52

 
47

 
104

 
72

Total share-based compensation
 
$
2,406

 
$
1,820

 
$
5,797

 
$
3,618

(1) For the six months ended June 30, 2012, includes approximately $1.3 million of compensation expense related to 45,000 shares that vested immediately upon grant related to the Employment Agreement described above.