Earnings Per Share of the Company (Tables)

3 Months Ended

Mar. 31, 2021

Tanger Factory Outlet Centers, Inc. [Member]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):

	Three months ended March 31,
	2021		2020
Numerator:
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc.	$	4,133	$	(26,882)
Less allocation of earnings to participating securities	(207)		(516)
Net income (loss) available to common shareholders of Tanger Factory Outlet Centers, Inc.	$	3,926	$	(27,398)
Denominator:
Basic weighted average common shares	94,812		92,500
Effect of notional units	288		—
Effect of outstanding options	717		—
Diluted weighted average common shares	95,817		92,500
Basic earnings per common share:
Net income (loss)	$	0.04	$	(0.30)
Diluted earnings per common share:
Net income (loss)	$	0.04	$	(0.30)