XML 40 R29.htm IDEA: XBRL DOCUMENT v3.23.3
Note 5 - Net Income Per Common Unit (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
  For the Three Months Ended September 30,  For the Nine Months Ended September 30, 

(In thousands, except per unit data)

 

2023

  

2022

  

2023

  

2022

 

Basic net income per common unit

                

Net income attributable to common unitholders

 $42,951  $65,714  $135,199  $179,119 

Weighted average common units—basic

  12,635   12,506   12,613   12,476 

Basic net income per common unit

 $3.40  $5.25  $10.72  $14.36 
                 

Diluted net income per common unit

                

Weighted average common units—basic

  12,635   12,506   12,613   12,476 

Plus: dilutive effect of preferred units

  1,104   6,210   2,434   6,210 

Plus: dilutive effect of warrants

  1,492   807   1,296   759 

Plus: dilutive effect of unvested unit-based awards

  240   195   190   204 

Weighted average common units—diluted

  15,471   19,718   16,533   19,649 
                 

Net income

 $63,846  $74,555  $213,455  $205,274 

Less: income attributable to preferred unitholders

  (786)     (2,693)   

Less: redemption of preferred units

  (17,083)     (60,929)   

Diluted net income attributable to common unitholders and the general partner

 $45,977  $74,555  $149,833  $205,274 

Less: diluted net income attributable to the general partner

  (920)  (1,491)  (2,997)  (4,105)

Diluted net income attributable to common unitholders

 $45,057  $73,064  $146,836  $201,169 
                 

Diluted net income per common unit

 $2.91  $3.71  $8.88  $10.24