Earnings Per Unit of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

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,
	2022		2021
Numerator:
Net income attributable to Tanger Factory Outlet Centers, Inc.	$	20,518	$	4,133
Less allocation of earnings to participating securities	(215)		(207)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc.	$	20,303	$	3,926
Denominator:
Basic weighted average common shares	103,520		94,812
Effect of notional units	802		288
Effect of outstanding options	736		717
Diluted weighted average common shares	105,058		95,817
Basic earnings per common share:
Net income	$	0.20	$	0.04
Diluted earnings per common share:
Net income	$	0.19	$	0.04

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

	Three months ended March 31,
	2022		2021
Numerator:
Net income attributable to partners of the Operating Partnership	$	21,462	$	4,342
Less allocation of earnings to participating securities	(215)		(207)
Net income available to common unitholders of the Operating Partnership	$	21,247	$	4,135
Denominator:
Basic weighted average common units	108,282		99,606
Effect of notional units	802		288
Effect of outstanding options	736		717
Diluted weighted average common units	109,820		100,611
Basic earnings per common unit:
Net income	$	0.20	$	0.04
Diluted earnings per common unit:
Net income	$	0.19	$	0.04