|
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):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
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|
| |
|
2023 |
|
2022 |
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|
|
|
| Numerator: |
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|
|
|
|
|
|
|
| Net income attributable to Tanger Factory Outlet Centers, Inc. |
|
$ |
23,541 |
|
|
$ |
20,518 |
|
|
|
|
|
| Less allocation of earnings to participating securities |
|
(199) |
|
|
(215) |
|
|
|
|
|
| Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. |
|
$ |
23,342 |
|
|
$ |
20,303 |
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|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Basic weighted average common shares |
|
104,088 |
|
|
103,520 |
|
|
|
|
|
| Effect of notional units |
|
693 |
|
|
802 |
|
|
|
|
|
| Effect of outstanding options |
|
741 |
|
|
736 |
|
|
|
|
|
| Diluted weighted average common shares |
|
105,522 |
|
|
105,058 |
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
0.22 |
|
|
$ |
0.20 |
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
0.22 |
|
|
$ |
0.19 |
|
|
|
|
|
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
|
| |
|
2023 |
|
2022 |
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Net income attributable to partners of the Operating Partnership |
|
$ |
24,612 |
|
|
$ |
21,462 |
|
|
|
|
|
| Less allocation of earnings to participating securities |
|
(199) |
|
|
(215) |
|
|
|
|
|
| Net income available to common unitholders of the Operating Partnership |
|
$ |
24,413 |
|
|
$ |
21,247 |
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Basic weighted average common units |
|
108,826 |
|
|
108,282 |
|
|
|
|
|
| Effect of notional units |
|
693 |
|
|
802 |
|
|
|
|
|
| Effect of outstanding options |
|
741 |
|
|
736 |
|
|
|
|
|
| Diluted weighted average common units |
|
110,260 |
|
|
109,820 |
|
|
|
|
|
| Basic earnings per common unit: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
0.22 |
|
|
$ |
0.20 |
|
|
|
|
|
| Diluted earnings per common unit: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
0.22 |
|
|
$ |
0.19 |
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|