Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v2.4.0.6
Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)
6 Months Ended
Jun. 30, 2012
Tanger Properties Limited Partnership
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth a reconciliation of the numerators and denominators in computing the Operating Partnership's earnings per unit (in thousands, except per unit data):
 
 
Three Months Ended
June 30,
 
Six Months Ending June 30,
 
 
2012
 
2011
 
2012
 
2011
Numerator
 
 

 
 
 
 

 
 

Net income attributable to partners of the Operating Partnership
 
$
12,483

 
$
10,842

 
$
21,324

 
$
21,659

Less allocation of earnings to participating securities
 
(209
)
 
(165
)
 
(367
)
 
(357
)
Net income available to common unitholders of the Operating Partnership
 
$
12,274

 
$
10,677

 
$
20,957

 
$
21,302

Denominator
 
 
 
 
 
 
 
 
Basic weighted average common units
 
24,428

 
23,154

 
24,405

 
23,138

Effect of notional units
 
254

 
104

 
252

 
104

Effect of senior exchangeable notes
 

 
32

 

 
32

Effect of outstanding options
 
21

 
19

 
19

 
19

Diluted weighted average common units
 
24,703

 
23,309

 
24,676

 
23,293

Basic earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.50

 
$
0.46

 
$
0.86

 
$
0.92

Diluted earnings per common unit:
 
 
 
 
 
 
 
 
Net income
 
$
0.50

 
$
0.46

 
$
0.85

 
$
0.91