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Earnings Per Share of the Company (Tables) (Tanger Factory Outlet Centers, Inc)
9 Months Ended
Sep. 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 nine months ended September 30, 2011 and 2010, respectively (in thousands, except per share amounts):
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
 
2011
 
2010
 
2011
 
2010
 
Numerator
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to the Company
 
$
12,464

 
$
13,089

 
$
31,284

 
$
20,750

 
Less applicable preferred share dividends
 

 
(1,406
)
 

 
(4,219
)
 
Less allocation of earnings to participating securities
 
(164
)
 
(142
)
 
(521
)
 
(454
)
 
Income from continuing operations available to common shareholders of the Company
 
12,300

 
11,541

 
30,763

 
16,077

 
Discontinued operations attributable to the Company
 

 
(90
)
 

 
(90
)
 
Net income available to common shareholders of the Company
 
$
12,300

 
$
11,451

 
$
30,763

 
$
15,987

 
Denominator
 
 
 
 
 
 
 
 
 
Basic weighted average common shares
 
85,171

 
80,225

 
82,020

 
80,164

 
Effect of notional units
 
631

 

 
631

 

 
Effect of senior exchangeable notes
 
118

 
93

 
118

 
93

 
Effect of outstanding options
 
72

 
84

 
73

 
94

 
Diluted weighted average common shares
 
85,992

 
80,402

 
82,842

 
80,351

 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.14

 
$
0.14

 
$
0.38

 
$
0.20

 
Discontinued operations
 

 

 

 

 
Net income
 
$
0.14

 
$
0.14

 
$
0.38

 
$
0.20

 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.14

 
$
0.14

 
$
0.37

 
$
0.20

 
Discontinued operations
 

 

 

 

 
Net income
 
$
0.14

 
$
0.14

 
$
0.37

 
$
0.20