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Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)
9 Months Ended
Sep. 30, 2011
Tanger Properties Limited Partnership
 
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 Operating Partnership's earnings per unit for the three and nine months ended September 30, 2011 and 2011, respectively (in thousands, except per unit amounts):
 
 
Three Months Ended
September 30,
 
Nine Months Ending September 30,
 
 
 
2011
 
2010
 
2011
 
2010
 
Numerator
 
 

 
 
 
 

 
 

 
Income from continuing operations attributable to partners
 
$
14,194

 
$
14,856

 
$
35,853

 
$
23,251

 
Less applicable preferred unit distributions
 

 
(1,406
)
 

 
(4,219
)
 
Less allocation of earnings to participating securities
 
(164
)
 
(142
)
 
(521
)
 
(454
)
 
Income from continuing operations available to common unitholders of the Operating Partnership
 
14,030

 
13,308

 
35,332

 
18,578

 
Discontinued operations
 

 
(103
)
 

 
(103
)
 
Net income available to common unitholders of the Operating Partnership
 
$
14,030

 
$
13,205

 
$
35,332

 
$
18,475

 
Denominator
 
 
 
 
 
 
 
 
 
Basic weighted average common units
 
24,248

 
23,090

 
23,512

 
23,074

 
Effect of notional units
 
158

 

 
158

 

 
Effect of senior exchangeable notes
 
29

 
23

 
29

 
23

 
Effect of outstanding options
 
18

 
21

 
18

 
24

 
Diluted weighted average common units
 
24,453

 
23,134

 
23,717

 
23,121

 
Basic earnings per common unit:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.58

 
$
0.57

 
$
1.50

 
$
0.80

 
Discontinued operations
 

 

 

 

 
Net income
 
$
0.58

 
$
0.57

 
$
1.50

 
$
0.80

 
Diluted earnings per common unit:
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.57

 
$
0.57

 
$
1.49

 
$
0.80

 
Discontinued operations
 

 

 

 

 
Net income
 
$
0.57

 
$
0.57

 
$
1.49

 
$
0.80