Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.22.1
Earnings Per Unit of the Operating Partnership (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):
Three months ended March 31,
  2022 2021
Numerator:
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 20,518  $ 4,133 
Less allocation of earnings to participating securities (215) (207)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 20,303  $ 3,926 
Denominator:
Basic weighted average common shares 103,520  94,812 
Effect of notional units 802  288 
Effect of outstanding options 736  717 
Diluted weighted average common shares 105,058  95,817 
Basic earnings per common share:
Net income $ 0.20  $ 0.04 
Diluted earnings per common share:
Net income $ 0.19  $ 0.04 
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):
Three months ended March 31,
  2022 2021
Numerator:    
Net income attributable to partners of the Operating Partnership $ 21,462  $ 4,342 
Less allocation of earnings to participating securities (215) (207)
Net income available to common unitholders of the Operating Partnership $ 21,247  $ 4,135 
Denominator:
Basic weighted average common units 108,282  99,606 
Effect of notional units 802  288 
Effect of outstanding options 736  717 
Diluted weighted average common units 109,820  100,611 
Basic earnings per common unit:
Net income $ 0.20  $ 0.04 
Diluted earnings per common unit:
Net income $ 0.19  $ 0.04