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Net Income per Unit (Tables) | 12 Months Ended
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Dec. 31, 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):
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  | 2022
Net income |  |  |  |  | $ | 142,685 |  |  | $ | 126,236 |  |  | $ | 159,052 |
Less: |  |  |  |  |  |  |  |  |
Limited partners' distribution declared on common units |  |  |  |  | 204,407 |  |  | 179,774 |  |  | 170,877 |
Distributions declared on preferred units |  |  |  |  | 768 |  |  | — |  |  | — |
Undistributed net loss |  |  |  |  | $ | (62,490) |  |  | $ | (53,538) |  |  | $ | (11,825) |
Limited partners' earnings on common units: |  |  |  |  |  |  |  |  |
Distributions |  |  |  |  | $ | 204,407 |  |  | $ | 179,774 |  |  | $ | 170,877 |
Allocation of undistributed net loss |  |  |  |  | (62,490) |  |  | (53,538) |  |  | (11,825) |
Total limited partners' earnings on common units |  |  |  |  | $ | 141,917 |  |  | $ | 126,236 |  |  | $ | 159,052 |
Weighted average limited partner units outstanding, basic |  |  |  |  | 47,452,138 |  |  | 43,583,938 |  |  | 43,487,910 |
Dilutive effect of unvested phantom units |  |  |  |  | 27,110 |  |  | 27,376 |  |  | 23,740 |
Weighted average limited partner units outstanding, diluted |  |  |  |  | 47,479,248 |  |  | 43,611,314 |  |  | 43,511,650 |
Net income per limited partner unit: |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 2.99 |  |  | $ | 2.90 |  |  | $ | 3.66 |
Diluted (1) |  |  |  |  | $ | 2.99 |  |  | $ | 2.89 |  |  | $ | 3.66 |
(1) There were 18,945, 41,790 and 7,511 anti-dilutive common unit equivalents excluded from the diluted earnings per unit calculation during the years ended December 31, 2024, 2023 and 2022, 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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