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Earnings Per OP Unit of MAALP (Tables) | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Schedule of Diluted Earnings per Common Unit | For the three and six months ended June 30, 2020 and 2019, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Calculation of Earnings per common unit - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 77,728 |  |  | $ | 64,141 |  |  | $ | 115,680 |  |  | $ | 130,099 |
Unvested restricted stock (allocation of earnings) |  |  | (100 | ) |  |  | (96 | ) |  |  | (151 | ) |  |  | (184 | )
Preferred unit distributions |  |  | (922 | ) |  |  | (922 | ) |  |  | (1,844 | ) |  |  | (1,844 | )
Net income available for MAALP common unitholders, adjusted |  | $ | 76,706 |  |  | $ | 63,123 |  |  | $ | 113,685 |  |  | $ | 128,071 |
Weighted average common units - basic |  |  | 118,263 |  |  |  | 117,935 |  |  |  | 118,220 |  |  |  | 117,886 |
Earnings per common unit - basic |  | $ | 0.65 |  |  | $ | 0.53 |  |  | $ | 0.96 |  |  | $ | 1.09 |
Calculation of Earnings per common unit - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 77,728 |  |  | $ | 64,141 |  |  | $ | 115,680 |  |  | $ | 130,099 |
Preferred unit distributions |  |  | (922 | ) |  |  | (922 | ) |  |  | (1,844 | ) |  |  | (1,844 | )
Net income available for MAALP common unitholders, adjusted |  | $ | 76,806 |  |  | $ | 63,219 |  |  | $ | 113,836 |  |  | $ | 128,255 |
Weighted average common units - basic |  |  | 118,263 |  |  |  | 117,935 |  |  |  | 118,220 |  |  |  | 117,886 |
Effect of dilutive securities |  |  | 234 |  |  |  | 249 |  |  |  | 324 |  |  |  | 211 |
Weighted average common units - diluted |  |  | 118,497 |  |  |  | 118,184 |  |  |  | 118,544 |  |  |  | 118,097 |
Earnings per common unit - diluted |  | $ | 0.65 |  |  | $ | 0.53 |  |  | $ | 0.96 |  |  | $ | 1.09 |

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- References No definition available. + Details
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