Earnings Per Share of the Company (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator:
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc.	$	2,478	$	(22,688)	$	6,611	$	(49,570)
Less allocation of earnings to participating securities	(196)		(176)		(403)		(692)
Net income (loss) available to common shareholders of Tanger Factory Outlet Centers, Inc.	$	2,282	$	(22,864)	$	6,208	$	(50,262)
Denominator:
Basic weighted average common shares	100,409		92,632		97,504		92,569
Effect of notional units	818		—		685		—
Effect of outstanding options	771		—		728		—
Diluted weighted average common shares	101,998		92,632		98,917		92,569
Basic earnings per common share:
Net income (loss)	$	0.02	$	(0.25)	$	0.06	$	(0.54)
Diluted earnings per common share:
Net income (loss)	$	0.02	$	(0.25)	$	0.06	$	(0.54)