Share-based Compensation of the Company (Tables) (Tanger Factory Outlet Centers, Inc)

9 Months Ended

Sep. 30, 2011

Tanger Factory Outlet Centers, Inc

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes information related to unvested restricted shares outstanding as of September 30, 2011:

Unvested Restricted Shares	Number of shares		Weighted-average grant date fair value
Unvested at December 31, 2010	717,760		$	17.95
Granted	324,000		25.44
Vested	(214,600	)	18.12
Forfeited	(11,600	)	17.78
Unvested at September 30, 2011	815,560		$	20.88

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

We recorded share-based compensation expense in our statements of operations for the three and nine months ended September 30, 2011 and 2010 as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Restricted shares	$	1,410	$	1,024	$	3,942	$	2,988
Notional unit performance awards	377		518		1,390		1,236
Options	53		—		126		—
Total share-based compensation	$	1,840	$	1,542	$	5,458	$	4,224

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Options outstanding at September 30, 2011 had the following weighted average exercise prices and weighted average remaining contractual lives:

	Options Outstanding				Options Exercisable
Range of exercise prices	Options	Weighted-average exercise price		Weighted-average remaining contractual life in years	Options	Weighted-average exercise price
$9.6900	10,000	$	9.69	2.57	10,000	$	9.69
$9.7075	90,700	9.71		2.58	90,700	9.71
$11.8125	12,000	11.81		3.09	12,000	11.81
$26.0600	185,000	26.06		9.41	—	—
	297,700	$	19.95	6.84	112,700	$	9.92

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of option activity under our Amended and Restated Incentive Award Plan as of September 30, 2011 and changes during the nine months ended September 30, 2011 is presented below (aggregate intrinsic value amount in thousands):

Options	Shares		Weighted-average exercise price		Weighted-average remaining contractual life in years	Aggregate intrinsic value
Outstanding as of December 31, 2010	120,200		$	9.92
Granted	191,500		26.06
Exercised	(7,500	)	9.71
Forfeited	(6,500	)	26.06
Outstanding as of September 30, 2011	297,700		$	19.95	6.84	$	1,993
Vested and Expected to Vest as of
September 30, 2011	256,905		$	18.98	6.43	$	1,969
Exercisable as of September 30, 2011	112,700		$	9.92	2.63	$	1,884