Shareholders' Equity of the Company (Notes) (Tanger Factory Outlet Centers, Inc)

6 Months Ended

Jun. 30, 2011

Tanger Factory Outlet Centers, Inc

Schedule of Shareholders' Equity of the Company [Line Items]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity of the Company

The Company's Board of Directors declared a 2 for 1 split of the Company's common shares on January 13, 2011, effective in the form of a share dividend, payable on January 24, 2011. The Company retained the current par value of $0.01 per share on all common shares. All references to the number of shares outstanding, per share amounts and share options data of the Company's common shares have been restated to reflect the effect of the split for all periods presented. Shareholders' equity as of December 31, 2010 reflects the split by reclassifying from additional paid in capital to common shares an amount equal to the par value of the additional shares arising from the split. While the number of Operating Partnership units did not change as a result of the split, each Operating Partnership unit owned by the Family Limited Partners is now exchangeable for four of the Company's common shares. Prior to the 2011 split, the exchange ratio was one unit for two common shares.

Changes in Equity

The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to common shareholders and equity attributable to noncontrolling interests:

															Noncontrolling
						Distributions			Accumulated other			Total			interest in
	Common		Paid in			in excess			comprehensive			shareholders'			Operating			Total
	shares		capital			of earnings			income			equity			Partnership			equity
December 31, 2010	$	810	$	604,359		$	(240,024	)	$	1,784		$	366,929		$	54,966		$	421,895
Comprehensive income:
Net income	—		—			18,820			—			18,820			2,839			21,659
Other comprehensive income (loss)	—		—			—			(101		)	(101		)	(16		)	(117		)
Total comprehensive income	—		—			18,820			(101		)	18,719			2,823			21,542
Compensation under Incentive Award Plan	—		3,618			—			—			3,618			—			3,618
Grant of 312,400 restricted shares, net of forfeitures	3		(3		)	—			—			—			—			—
Issuance of 4,500 common shares upon exercise of options	—		43			—			—			43			—			43
Issuance of 2,232 common shares upon exchange of senior, exchangeable notes	—		—			—			—			—			—			—
Adjustment for noncontrolling interests in Operating Partnership	—		(261		)	—			—			(261		)	261			—
Common dividends ($.3938 per share)	—		—			(32,009		)	—			(32,009		)	—			(32,009		)
Distributions to noncontrolling interests in Operating Partnership	—		—			—			—			—			(4,776		)	(4,776		)
June 30, 2011	$	813	$	607,756		$	(253,213	)	$	1,683		$	357,039		$	53,274		$	410,313