XML 25 R19.htm IDEA: XBRL DOCUMENT v3.23.3
Net Income Per Unit
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income Per Unit

11. Net Income Per Unit

  

For the six-month periods ended June 30, 2023, and 2022 the Partnership excluded the effect of 495,867 and 743,800 non-vested unit awards in calculating dilutive EPU for its common unitholders, as they were anti-dilutive. The non-vested units were participating securities because they received distributions from the Partnership and these distributions did not have to be returned to the Partnership if the non-vested units were forfeited by the grantee.

 

The Partnership’s net income for the six-month periods ended June 30, 2023, and 2022 did not exceed the First Target Distribution Level and as a result, the assumed distribution of net income did not result in the use of increasing percentages to calculate CGP’s interest in net income.

 

The Two-Class Method was used to calculate EPU as follows:

         
  For the six-month periods ended June 30,
BASIC and  DILUTED 2023 2022
Numerators    
Partnership’s net income $ 17,440 $ 45,567
Less:        
General Partner’s interest in Partnership’s net income   297   789
Partnership’s net income allocable to unvested units   423   1,043
Common unit holders’ interest in Partnership’s net income $ 16,720 $ 43,735
Denominators        
Weighted average number of common units outstanding, basic and diluted   19,639,212   19,316,608
Net income per common unit:        
Basic and diluted $ 0.85 $ 2.26