Equity-Based Compensation of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)

6 Months Ended

Jun. 30, 2011

Tanger Properties Limited Partnership

Disclosure of Equity-based Compensation Arrangements by Equity-based Payment Award [Table Text Block]

We recorded equity-based compensation expense in our statements of operations as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Restricted units	$	1,266	$	1,006	$	2,533	$	1,965
Notional unit performance awards	507		450		1,013		717
Options	47		—		72		—
Total equity-based compensation	$	1,820	$	1,456	$	3,618	$	2,682

Schedule of Equity-based Compensation, Units Authorized under Stock Option Plans, By Exercise Price Range [Table Text Block]

Options outstanding at June 30, 2011 had the following weighted average exercise prices and weighted average remaining contractual lives:

	Options Outstanding				Options Exercisable
Range of exercise prices	Options	Weighted-average exercise price		Weighted-average remaining contractual life in years	Options	Weighted-average exercise price
$38.76	2,500	$	38.76	2.83	2,500	$	38.76
$38.83	23,425	38.83		2.83	23,425	38.83
$47.25	3,000	47.25		3.34	3,000	47.25
$104.24	46,250	104.24		9.66	—	—
	75,175	$	79.41	7.05	28,925	$	19.85

Schedule of Equity-based Compensation, Stock Options, Activity [Table Text Block]

A summary of option activity under our Amended and Restated Incentive Award Plan as of June 30, 2011 and changes during the year then ended is presented below (aggregate intrinsic value amount in thousands):

Options	Units		Weighted-average exercise price		Weighted-average remaining contractual life in years	Aggregate intrinsic value
Outstanding as of December 31, 2010	30,050		$	39.66
Granted	47,875		104.24
Exercised	(1,125	)	38.83
Forfeited	(1,625	)	104.24
Outstanding as of June 30, 2011	75,175		$	79.41	7.05	$	1,945
Vested and Expected to Vest as of
June 30, 2011	64,976		$	75.51	6.64	$	1,934
Exercisable as of June 30, 2011	28,925		$	39.7	2.88	$	1,897

Schedule of Equity-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes information related to unvested restricted units outstanding as of June 30, 2011:

Unvested Restricted Units	Number of units		Weighted-average grant date fair value
Unvested at December 31, 2010	179,440		$	71.81
Granted	81,000		101.74
Vested	(51,900	)	71.47
Forfeited	(5,800	)	35.57
Unvested at June 30, 2011	202,740		$	83.69