Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of the Company (Tables)

v3.22.4
Earnings Per Share of the Company (Tables)
 12 Months Ended
Dec. 31, 2022
Tanger Factory Outlet Centers, Inc. [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 share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share amounts):
2022 2021 2020
Numerator
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 82,063  $ 9,118  $ (36,278)
Less allocation of earnings to participating securities (869) (804) (692)
Net income (loss) available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 81,194  $ 8,314  $ (36,970)
Denominator
Basic weighted average common shares 103,687  100,418  92,618 
Effect of notional units 1,240  809  — 
Effect of outstanding options 709  752  — 
Diluted weighted average common shares 105,636  101,979  92,618 
Basic earnings per common share:
Net income (loss) $ 0.78  $ 0.08  $ (0.40)
Diluted earnings per common share:
Net income (loss) $ 0.77  $ 0.08  $ (0.40)