Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.22.2.2
Earnings Per Unit of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 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 June 30, Six months ended June 30,
  2022 2021 2022 2021
Numerator:
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 19,905  $ 2,478  $ 40,423  $ 6,611 
Less allocation of earnings to participating securities (222) (196) (437) (403)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 19,683  $ 2,282  $ 39,986  $ 6,208 
Denominator:
Basic weighted average common shares 103,630  100,409  103,607  97,504 
Effect of notional units 421  818  413  685 
Effect of outstanding options 703  771  720  728 
Diluted weighted average common shares 104,754  101,998  104,740  98,917 
Basic earnings per common share:
Net income $ 0.19  $ 0.02  $ 0.39  $ 0.06 
Diluted earnings per common share:
Net income $ 0.19  $ 0.02  $ 0.38  $ 0.06 
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 June 30, Six months ended June 30,
  2022 2021 2022 2021
Numerator:      
Net income attributable to partners of the Operating Partnership $ 20,819  $ 2,596  $ 42,281  $ 6,938 
Less allocation of earnings to participating securities (222) (196) (437) (403)
Net income available to common unitholders of the Operating Partnership $ 20,597  $ 2,400  $ 41,844  $ 6,535 
Denominator:
Basic weighted average common units 108,391  105,204  108,369  102,299 
Effect of notional units 421  818  413  685 
Effect of outstanding options 703  771  720  728 
Diluted weighted average common units 109,515  106,793  109,502  103,712 
Basic earnings per common unit:
Net income $ 0.19  $ 0.02  $ 0.39  $ 0.06 
Diluted earnings per common unit:
Net income $ 0.19  $ 0.02  $ 0.38  $ 0.06