XML 60 R46.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings Per Share of the Company (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six months ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |  |
Net income attributable to Tanger Factory Outlet Centers, Inc. |  | $ | 19,905 |  |  | $ | 2,478 |  |  | $ | 40,423 |  |  | $ | 6,611 |
Less allocation of earnings to participating securities |  | (222) |  |  | (196) |  |  | (437) |  |  | (403) |
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. |  | $ | 19,683 |  |  | $ | 2,282 |  |  | $ | 39,986 |  |  | $ | 6,208 |
Denominator: |  |  |  |  |  |  |  |
Basic weighted average common shares |  | 103,630 |  |  | 100,409 |  |  | 103,607 |  |  | 97,504 |
Effect of notional units |  | 421 |  |  | 818 |  |  | 413 |  |  | 685 |
Effect of outstanding options |  | 703 |  |  | 771 |  |  | 720 |  |  | 728 |
Diluted weighted average common shares |  | 104,754 |  |  | 101,998 |  |  | 104,740 |  |  | 98,917 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income |  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.39 |  |  | $ | 0.06 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income |  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.38 |  |  | $ | 0.06 |
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 June 30, |  | Six months ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |  |
Net income attributable to partners of the Operating Partnership |  | $ | 20,819 |  |  | $ | 2,596 |  |  | $ | 42,281 |  |  | $ | 6,938 |
Less allocation of earnings to participating securities |  | (222) |  |  | (196) |  |  | (437) |  |  | (403) |
Net income available to common unitholders of the Operating Partnership |  | $ | 20,597 |  |  | $ | 2,400 |  |  | $ | 41,844 |  |  | $ | 6,535 |
Denominator: |  |  |  |  |  |  |  |
Basic weighted average common units |  | 108,391 |  |  | 105,204 |  |  | 108,369 |  |  | 102,299 |
Effect of notional units |  | 421 |  |  | 818 |  |  | 413 |  |  | 685 |
Effect of outstanding options |  | 703 |  |  | 771 |  |  | 720 |  |  | 728 |
Diluted weighted average common units |  | 109,515 |  |  | 106,793 |  |  | 109,502 |  |  | 103,712 |
Basic earnings per common unit: |  |  |  |  |  |  |  |
Net income |  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.39 |  |  | $ | 0.06 |
Diluted earnings per common unit: |  |  |  |  |  |  |  |
Net income |  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.38 |  |  | $ | 0.06 |

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

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration