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Net Income per Unit
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Income per Unit Net Income per Unit
Basic net income per unit attributable 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 attributable to common limited partners includes the effects of potentially dilutive units on our common units. As of March 31, 2024, the only potentially dilutive units outstanding consist of unvested phantom units.
The calculation of net income per unit is as follows (in thousands, except unit and per unit amounts):
Three Months Ended March 31,
20242023
Net income attributable to partners$32,648 $37,367 
Weighted average limited partner units outstanding, basic44,406,356 43,569,963 
Dilutive effect of unvested phantom units16,461 15,334 
Weighted average limited partner units outstanding, diluted44,422,817 43,585,297 
Net income per limited partner unit:
Basic$0.74 $0.86 
Diluted (1)
$0.73 $0.86 
(1) There were 42,315 and $22,632 anti-dilutive common unit equivalents excluded from the diluted earnings per unit calculation during the three months ended March 31, 2024 and 2023, respectively.