v3.7.0.1
Net Income Per Limited Partner Unit (Tables)
6 Months Ended
Jun. 30, 2017
Net Income Per Limited Partner Unit  
Schedule of net income per common and subordinated unit

The Partnership’s calculation of net income per limited partner unit for the periods indicated is as follows (in thousands, except per unit data):

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

    

2016

    

2017

    

2016

    

2017

  

 

 

 

 

 

 

 

 

 

 

 

 

Net income

  

$

49,912

  

 

87,175

  

$

92,829

  

 

162,267

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to incentive distribution rights

 

 

(2,731)

 

 

(15,328)

 

 

(4,581)

 

 

(26,881)

Limited partner interest in net income

  

$

47,181

 

 

71,847

  

$

88,248

 

 

135,386

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit - basic and diluted

 

$

0.27

 

 

0.39

 

$

0.50

 

 

0.73

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average limited partner units  outstanding - basic

 

 

176,172

 

 

186,065

 

 

176,167

 

 

184,558

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average limited partner units  outstanding - diluted

 

 

176,226

 

 

186,533

 

 

176,203

 

 

185,002