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Net Income Per Unit
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Unit Net Income Per Unit
Basic net income per unit applicable to limited partners is computed by dividing limited partners' interest in net income by the weighted-average number of outstanding common units.
Diluted net income per unit applicable to common limited partners includes the effects of potentially dilutive units on our common units. As of June 30, 2022, the only potentially dilutive units outstanding consist of unvested phantom units.
Our distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below represents total cash distributions applicable to the period in which the distributions are earned. The expected date of distribution for the distributions earned during the period ended June 30, 2022 is August 11, 2022.
Payments made to our unitholders are determined in relation to actual distributions declared and are not based on the net income allocations used in the calculation of net income per unit. The calculation of net income per unit is as follows (dollars in thousands, except units and per unit amounts):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Net income attributable to partners$32,164 $43,246 $71,678 $79,513 
Less: Limited partners' distribution42,832 40,846 85,436 80,814 
Earnings in excess (deficit) of distributions$(10,668)$2,400 $(13,758)$(1,301)
Limited partners' earnings on common units:
Distributions$42,832 $40,846 $85,436 $80,814 
Allocation of earnings in excess (deficit) of distributions(10,668)2,400 (13,758)(1,301)
Total limited partners' earnings on common units$32,164 $43,246 $71,678 $79,513 
Weighted average limited partner units outstanding:
Basic43,475,931 43,445,222 43,473,746 43,444,284 
Diluted 43,502,983 43,460,366 43,491,796 43,453,806 
Net income per limited partner unit:
Basic$0.74 $1.00 $1.65 $1.83 
Diluted (1)
$0.74 $1.00 $1.65 $1.83 
(1) Outstanding common units totaling 2,153 and 1,083 were excluded from the diluted earnings per unit calculation for the three and six months ended June 30, 2022, respectively. Outstanding common units totaling 3,662 and 1,841 were excluded from the diluted earnings per unit calculation for the three and six months ended June 30, 2021, respectively.