v3.10.0.1
Net Income Per Limited Partner Unit (Tables)
 12 Months Ended
Dec. 31, 2018
Net Income Per Limited Partner Unit  
Schedule of net income per common and subordinated unit

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

 

 

 

 

 

 

 

 

 

 

 

  

 

Year Ended December 31,

 

 

    

2016

 

2017

    

2018

 

Net income

 

$

236,703

 

 

307,315

 

 

585,944

 

Less net income attributable to incentive distribution rights

 

 

(16,944)

 

 

(69,720)

 

 

(142,906)

 

Limited partner interest in net income

 

$

219,759

 

 

237,595

 

 

443,038

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit–basic

 

$

1.24

 

 

1.28

 

 

2.37

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit–diluted

 

$

1.24

 

 

1.28

 

 

2.36

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average limited partner units outstanding–basic

 

 

176,647

 

 

185,630

 

 

187,048

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average limited partner units outstanding–diluted

 

 

176,801

 

 

186,083

 

 

187,398