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Earnings Per Share of the Company (Tables) (Tanger Factory Outlet Centers, Inc)
6 Months Ended
Jun. 30, 2011
Tanger Factory Outlet Centers, Inc
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth a reconciliation of the numerators and denominators in computing the Company's earnings per share for the three and six months ended June 30, 2011 and 2010, respectively (in thousands, except per share amounts):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
 
2011
 
2010
 
2011
 
2010
 
Numerator
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to the Company
 
$
9,422


 
$
4,869


 
$
18,820


 
$
7,661


 
Less applicable preferred share dividends
 


 
(1,407
)
 


 
(2,813
)
 
Less allocation of earnings to participating securities
 
(165
)
 
(143
)
 
(357
)
 
(312
)
 
Income from continuing operations available to common shareholders of the Company
 
9,257


 
3,319


 
18,463


 
4,536


 
Discontinued operations attributable to the Company
 


 
(1
)
 


 


 
Net income available to common shareholders of the Company
 
$
9,257


 
$
3,318


 
$
18,463


 
$
4,536


 
Denominator
 
 
 
 
 
 
 
 
 
Basic weighted average common shares
 
80,483


 
80,206


 
80,418


 
80,133


 
Effect of notional units
 
416


 


 
416


 


 
Effect of senior exchangeable notes
 
131


 
51


 
131


 
51


 
Effect of outstanding options
 
74


 
86


 
74


 
98


 
Diluted weighted average common shares
 
81,104


 
80,343


 
81,039


 
80,282


 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.11


 
$
0.04


 
$
0.23


 
$
0.06


 
Discontinued operations
 


 


 


 


 
Net income
 
$
0.11


 
$
0.04


 
$
0.23


 
$
0.06


 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.11


 
$
0.04


 
$
0.23


 
$
0.06


 
Discontinued operations
 


 


 


 


 
Net income
 
$
0.11


 
$
0.04


 
$
0.23


 
$
0.06