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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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2024 |
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2023 |
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| Numerator: |
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| Net income attributable to Tanger Inc. |
|
$ |
22,413 |
|
|
$ |
23,541 |
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|
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| Less allocation of earnings to participating securities |
|
(231) |
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|
(199) |
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| Net income available to common shareholders of Tanger Inc. |
|
$ |
22,182 |
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|
$ |
23,342 |
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| Denominator: |
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| Basic weighted average common shares |
|
108,369 |
|
|
104,088 |
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| Effect of notional units |
|
731 |
|
|
693 |
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| Effect of outstanding options |
|
923 |
|
|
741 |
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| Diluted weighted average common shares |
|
110,023 |
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|
105,522 |
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| Basic earnings per common share: |
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| Net income |
|
$ |
0.20 |
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|
$ |
0.22 |
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| Diluted earnings per common share: |
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|
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| Net income |
|
$ |
0.20 |
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$ |
0.22 |
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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, |
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| |
|
2024 |
|
2023 |
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| Numerator: |
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|
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| Net income attributable to partners of the Operating Partnership |
|
$ |
23,386 |
|
|
$ |
24,612 |
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| Less allocation of earnings to participating securities |
|
(231) |
|
|
(199) |
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|
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| Net income available to common unitholders of the Operating Partnership |
|
$ |
23,155 |
|
|
$ |
24,413 |
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|
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| Denominator: |
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|
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|
|
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| Basic weighted average common units |
|
113,077 |
|
|
108,826 |
|
|
|
|
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| Effect of notional units |
|
731 |
|
|
693 |
|
|
|
|
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| Effect of outstanding options |
|
923 |
|
|
741 |
|
|
|
|
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| Diluted weighted average common units |
|
114,731 |
|
|
110,260 |
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| Basic earnings per common unit: |
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| Net income |
|
$ |
0.20 |
|
|
$ |
0.22 |
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| Diluted earnings per common unit: |
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| Net income |
|
$ |
0.20 |
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|
$ |
0.22 |
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