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Net Income Per Unit
 9 Months Ended
Sep. 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 September 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 September 30, 2022 is November 10, 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 September 30,Nine Months Ended September 30,
2022202120222021
Net income attributable to partners$44,674 $43,624 $116,352 $123,137 
Less: Limited partners' distribution43,057 41,286 128,493 122,100 
Earnings in excess (deficit) of distributions$1,617 $2,338 $(12,141)$1,037 
Limited partners' earnings on common units:
Distributions$43,057 $41,286 $128,493 $122,100 
Allocation of earnings in excess (deficit) of distributions1,617 2,338 (12,141)1,037 
Total limited partners' earnings on common units$44,674 $43,624 $116,352 $123,137 
Weighted average limited partner units outstanding:
Basic43,485,779 43,454,535 43,477,801 43,447,739 
Diluted 43,515,960 43,468,289 43,499,837 43,457,857 
Net income per limited partner unit:
Basic$1.03 $1.00 $2.68 $2.83 
Diluted (1)
$1.03 $1.00 $2.67 $2.83 
(1) Outstanding common units totaling 3,862 were excluded from the diluted earnings per unit calculation for the nine months ended September 30, 2022. There were no outstanding common units excluded from the diluted earnings per unit calculation for the three and nine months ended September 30, 2021.