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Net Income Per Unit (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Summary of Cash Distributions The calculation of net income per unit is as follows (dollars in thousands, except units and per unit amounts):
Three Months Ended March 31,
20212020
Net income attributable to partners$36,267 $27,796 
Less: General partner's distribution (including IDRs) (1)
— 9,139 
Less: Limited partners' distribution39,968 21,739 
Earnings in excess (deficit) of distributions$(3,701)$(3,082)
General partner's earnings:
Distributions (including IDRs) (1)
$— $9,139 
Allocation of earnings in excess (deficit) of distributions— (62)
Total general partner's earnings$— $9,077 
Limited partners' earnings on common units:
Distributions$39,968 $21,739 
Allocation of earnings in excess (deficit) of distributions(3,701)(3,020)
Total limited partners' earnings on common units$36,267 $18,719 
Weighted average limited partner units outstanding:
Common units - basic43,443,336 24,480,570 
Common units - diluted 43,449,059 24,485,336 
Net income per limited partner unit:
Common units - basic$0.83 $0.76 
Common units - diluted (2)
$0.83 $0.76 
(1) Prior to August 13, 2020, general partner distributions (including IDRs) consisted of the 2.0% general partner interest and IDRs, which represented the right of the general partner to receive increasing percentages of quarterly distributions of available cash from operating surplus in excess of 0.43125 per unit per quarter. In connection with the IDR Restructuring Transaction on August 13, 2020, the IDRs were eliminated and the general partner interest became a non-economic general partner interest. See Note 8 for further discussion related to IDRs.
(2) There were no outstanding common units excluded from the diluted earnings per unit calculation for the three months ended March 31, 2021 and 2020.