Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)

12 Months Ended

Dec. 31, 2011

Tanger Properties Limited Partnership

Schedule of Earnings Per Unit [Table Text Block]

The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit for the years ended December 31, 2011, 2010 and 2009 (in thousands, except per unit amounts):

	2011			2010			2009
NUMERATOR
Income from continuing operations available to partners of the Operating Partnership	$	50,997		$	38,342		$	72,709
Applicable preferred unit distributions	—			(5,297		)	(5,625		)
Original issuance costs related to redeemed preferred units	—			(2,539		)	—
Allocation of earnings to participating securities	(684		)	(598		)	(747		)
Income from continuing operations available to common unitholders of the Operating Partnership	50,313			29,908			66,337
Allocation of earnings to discontinued operations	—			—			46
Discontinued operations	—			(98		)	(5,214		)
Net income available to common unitholders of the Operating Partnership	$	50,313		$	29,810		$	61,169
DENOMINATOR
Basic weighted average common units	23,723			23,080			20,991
Effect of notional units	241			—			—
Effect of exchangeable notes	23			28			9
Effect of outstanding options	18			23			39
Diluted weighted average common units	24,005			23,131			21,039
Basic earnings per common unit:
Income from continuing operations	$	2.12		$	1.29		$	3.16
Discontinued operations	—			—			(0.25		)
Net income	$	2.12		$	1.29		$	2.91
Diluted earnings per common unit:
Income from continuing operations	$	2.10		$	1.29		$	3.15
Discontinued operations	—			—			(0.24		)
Net income	$	2.10		$	1.29		$	2.91