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Net Income per Unit (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Income Per Unit | The calculation of net income per unit is as follows (in thousands, except unit and per unit amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributable to partners | $ | 33,674 |  |  | $ | 34,825 |  |  | $ | 107,380 |  |  | $ | 104,088 |
Less: Limited partners' distribution declared on common units | 51,263 |  |  | 45,112 |  |  | 147,794 |  |  | 134,216 |
Undistributed net loss | $ | (17,589) |  |  | $ | (10,287) |  |  | $ | (40,414) |  |  | $ | (30,128) |
Limited partners' earnings on common units: |  |  |  |  |  |  |
Distributions | $ | 51,263 |  |  | $ | 45,112 |  |  | $ | 147,794 |  |  | $ | 134,216 |
Allocation of undistributed net loss | (17,589) |  |  | (10,287) |  |  | (40,414) |  |  | (30,128) |
Total limited partners' earnings on common units | $ | 33,674 |  |  | $ | 34,825 |  |  | $ | 107,380 |  |  | $ | 104,088 |
Weighted average limited partner units outstanding, basic | 47,109,008 |  |  | 43,588,316 |  |  | 46,248,003 |  |  | 43,578,636 |
Dilutive effect of unvested phantom units | 26,093 |  |  | 16,476 |  |  | 21,420 |  |  | 19,911 |
Weighted average limited partner units outstanding, diluted | 47,135,101 |  |  | 43,604,792 |  |  | 46,269,423 |  |  | 43,598,547 |
Net income per limited partner unit: |  |  |  |  |  |  |
Basic | $ | 0.71 |  |  | $ | 0.80 |  |  | $ | 2.32 |  |  | $ | 2.39 |
Diluted (1) | $ | 0.71 |  |  | $ | 0.80 |  |  | $ | 2.32 |  |  | $ | 2.39 |
(1) There were 24,506 anti-dilutive common unit equivalents excluded from the diluted earnings per unit calculation during both three and nine months ended September 30, 2024. There were 48,597 and 35,519 anti-dilutive common unit equivalents excluded from the diluted earnings per unit calculation during the three and nine months ended September 30, 2023, respectively.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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