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Earnings Per Share of the Company (Tanger Factory Outlet Centers, Inc [Member]) | 12 Months Ended
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Dec. 31, 2012
Tanger Factory Outlet Centers, Inc [Member] |
Earnings Per Share of the Company | Earnings Per Share of the Company The following table sets forth a reconciliation of the numerators and denominators in computing earnings per share for the years ended December 31, 2012, 2011 and 2010 (in thousands, except per share amounts). Note that per share amounts reflect a two-for-one split of the Company's common shares in January 2011.
|  | 2012 |  | 2011 |  | 2010
NUMERATOR |  |  |  |  |  |
Income from continuing operations attributable to Tanger Factory Outlet Centers, Inc. |  | $ | 53,228 |  |  | $ | 44,641 |  |  | $ | 34,334 |
Applicable preferred share dividends |  | — |  |  | — |  |  | (5,297 | )
Original issuance costs related to redeemed preferred shares |  | — |  |  | — |  |  | (2,539 | )
Allocation of earnings to participating securities |  | (784 | ) |  | (684 | ) |  | (598 | )
Income from continuing operations available to common shareholders of Tanger Factory Outlet Centers, Inc. |  | 52,444 |  |  | 43,957 |  |  | 25,900 |
Discontinued operations attributable to participating securities |  | — |  |  | — |  |  | — |
Discontinued operations attributable to Tanger Factory Outlet Centers, Inc. |  | — |  |  | — |  |  | (85 | )
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. |  | $ | 52,444 |  |  | $ | 43,957 |  |  | $ | 25,815 |
DENOMINATOR |  |  |  |  |  |
Basic weighted average common shares |  | 91,733 |  |  | 83,000 |  |  | 80,187 |
Effect of notional units |  | 846 |  |  | 965 |  |  | — |
Effect of exchangeable notes |  | — |  |  | 93 |  |  | 112 |
Effect of outstanding options |  | 82 |  |  | 71 |  |  | 91 |
Diluted weighted average common shares |  | 92,661 |  |  | 84,129 |  |  | 80,390 |
Basic earnings per common share: |  |  |  |  |  |
Income from continuing operations |  | $ | 0.57 |  |  | $ | 0.53 |  |  | $ | 0.32 |
Discontinued operations |  | — |  |  | — |  |  | — |
Net income |  | $ | 0.57 |  |  | $ | 0.53 |  |  | $ | 0.32 |
Diluted earnings per common share: |  |  |  |  |  |
Income from continuing operations |  | $ | 0.57 |  |  | $ | 0.52 |  |  | $ | 0.32 |
Discontinued operations |  | — |  |  | — |  |  | — |
Net income |  | $ | 0.57 |  |  | $ | 0.52 |  |  | $ | 0.32 |
The notional units are considered contingently issuable common shares and are included in earnings per share if the effect is dilutive using the treasury stock method. Outstanding senior, exchangeable notes were included in the diluted earnings per share computation, if the effect was dilutive, using the treasury stock method. In applying the treasury stock method, the effect was dilutive if the average market price of our common shares for at least 20 trading days in the 30 consecutive trading days at the end of each quarter were higher than the exchange price, which prior to redemption was $17.83 per share. The remaining senior exchangeable notes were exchanged for the Company's common shares during 2011. The computation of diluted earnings per share excludes options to purchase common shares when the exercise price is greater than the average market price of the common shares for the period. For the years ended December 31, 2012 and 2011, 17,600 and 183,500 options were excluded from the computation, respectively. No options were excluded from the computation for the year ended December 31, 2010. The assumed exchange of the partnership units held by the noncontrolling interest limited partners as of the beginning of the year, which would result in the elimination of earnings allocated to the noncontrolling interest in the Operating Partnership, would have no impact on earnings per share since the allocation of earnings to a partnership unit, as if exchanged, is equivalent to earnings allocated to a common share. Certain of the Company's unvested restricted common share awards contain non-forfeitable rights to dividends or dividend equivalents. The impact of the unvested restricted common share awards on earnings per share has been calculated using the two-class method whereby earnings are allocated to the unvested restricted common share awards based on dividends declared and the unvested restricted common shares' participation rights in undistributed earnings.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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