XML 56 R36.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Accounting Policies [Abstract] |
Schedule of cost capitalized | Payroll and related costs and interest costs capitalized for the years ended December 31, 2018, 2017 and 2016 were as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016
Payroll and related costs capitalized |  | $ | 1,521 |  |  | $ | 2,345 |  |  | $ | 2,095 |
Interest costs capitalized |  | $ | 93 |  |  | $ | 2,289 |  |  | $ | 2,259 |
Schedule of depreciation expense | Depreciation expense related to rental property included in net income for each of the years ended December 31, 2018, 2017 and 2016 was as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016
Depreciation expense related to rental property |  | $ | 114,198 |  |  | $ | 107,845 |  |  | $ | 96,813 |
Schedule of Deferred Charges | eferred lease costs capitalized, including amounts paid to third-party brokers and payroll and related costs of employees directly involved in originating leases for the years ended December 31, 2018, 2017 and 2016 were as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016
Deferred lease costs capitalized- payroll and related costs |  | $ | 6,007 |  |  | $ | 6,098 |  |  | $ | 6,210 |
Total deferred lease costs capitalized |  | $ | 6,703 |  |  | $ | 6,584 |  |  | $ | 7,013 |
Tax Treatment of Common Dividends Per Share for Federal Tax Purposes | Dividends per share for the years ended December 31, 2018, 2017 and 2016 were taxable as follows:
Common dividends per share: |  | 2018 |  | 2017 |  | 2016
Ordinary income |  | $ | 1.3919 |  |  | $ | 1.1660 |  |  | $ | 1.2459 |
Capital gain |  | 0.0006 |  |  | — |  |  | 0.0141 |
Return of capital |  | — |  |  | 0.1865 |  |  | — |
|  | $ | 1.3925 |  |  | $ | 1.3525 |  |  | $ | 1.2600 |
GAAP Reconciliation of Net Income to Taxable Income | The following reconciles net income available to the Company's shareholders to taxable income available to common shareholders for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  | 2017 |  | 2016
Net income available to the Company's shareholders |  | $ | 43,655 |  |  | $ | 68,002 |  |  | $ | 193,744 |
Book/tax difference on: |  |  |  |  |  |
Depreciation and amortization |  | 58,208 |  |  | 10,685 |  |  | 1,666 |
Sale of assets and interests in unconsolidated entities |  | (3,243 | ) |  | (8,718 | ) |  | (8,688 | )
Equity in earnings from unconsolidated joint ventures |  | 18,444 |  |  | 15,662 |  |  | 4,305 |
Share-based payment compensation |  | 6,269 |  |  | 221 |  |  | 4,596 |
Gain on previously held interest in acquired joint venture |  | — |  |  | — |  |  | (91,467 | )
Other differences |  | (630 | ) |  | (1,089 | ) |  | 6,294 |
Taxable income available to common shareholders |  | $ | 122,703 |  |  | $ | 84,763 |  |  | $ | 110,450 |
Schedule of Supplemental Cash Flow Disclosures | Expenditures included in accounts payable and accrued expenses were as follows for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  | 2017 |  | 2016
Costs relating to construction included in accounts payable and accrued expenses |  | $ | 15,772 |  |  | $ | 32,060 |  |  | $ | 22,908 |
Interest paid, net of interest capitalized was as follows for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  | 2017 |  | 2016
Interest paid, net of interest capitalized |  | $ | 60,529 |  |  | $ | 56,730 |  |  | $ | 50,270 |
A reconciliation of the Company's cash balances on our balance sheet to our cash balances on our statement of cash flows for the years ended December 31, 2018, 2017, 2016 and 2015 were as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016 |  | 2015
Cash and cash equivalents |  | $ | 9,083 |  |  | $ | 6,101 |  |  | $ | 12,222 |  |  | $ | 21,558 |
Restricted cash(1) |  | — |  |  | — |  |  | — |  |  | 121,306 |
Cash, cash equivalents and restricted cash |  | $ | 9,083 |  |  | $ | 6,101 |  |  | $ | 12,222 |  |  | $ | 142,864 |
(1) | The restricted cash represents the cash proceeds from property sales that were held by a qualified intermediary until being invested in a tax efficient manner under Section 1031 of the Internal Revenue Code of 1986, as amended.
A reconciliation of the Operating Partnership's cash balances on our balance sheet to our cash balances on our statement of cash flows for the years ended December 31, 2018, 2017, 2016 and 2015 were as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016 |  | 2015
Cash and cash equivalents |  | $ | 8,991 |  |  | $ | 6,050 |  |  | $ | 12,199 |  |  | $ | 21,552 |
Restricted cash(1) |  | — |  |  | — |  |  | — |  |  | 121,306 |
Cash, cash equivalents and restricted cash |  | $ | 8,991 |  |  | $ | 6,050 |  |  | $ | 12,199 |  |  | $ | 142,858 |
(1) | The restricted cash represents the cash proceeds from property sales that were held by a qualified intermediary until being invested in a tax efficient manner under Section 1031 of the Internal Revenue Code of 1986, as amended.

X
- Definition [Table Text Block] for Cost capitalized [Table] + References No definition available. + Details
Name: | skt_CostcapitalizedTableTextBlock
Namespace Prefix: | skt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition GAAP Reconciliation of Net Income to Taxable Income [Table Text Block] + References No definition available. + Details
Name: | skt_GaapReconciliationOfNetIncomeToTaxableIncomeTableTextBlock
Namespace Prefix: | skt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Deferred Charges [Table Text Block] + References No definition available. + Details
Name: | skt_ScheduleOfDeferredChargesTableTextBlock
Namespace Prefix: | skt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tax Treatment of Common Dividends Per Share for Federal Tax Purposes [Table Text Block] + References No definition available. + Details
Name: | skt_TaxTreatmentOfCommonDividendsPerShareForFederalTaxPurposesTableTextBlock
Namespace Prefix: | skt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration