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Net Income per Limited Partnership Unit (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Weighted-Average Units Used in Computing Basic and Diluted Net Income Per Limited Partner Unit

The following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per limited partner unit for the following periods (in thousands, except unit and per unit amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

Distributions paid

 

$

18,111

 

 

$

18,099

 

Allocation of distributions in excess of net income

 

 

53,817

 

 

 

(18,020

)

Limited partners’ interest in net income - basic and diluted

 

$

71,928

 

 

$

79

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average limited partnership units outstanding - basic

 

 

35,994,972

 

 

 

34,444,113

 

Adjustment for phantom and phantom performance units

 

 

961

 

 

 

12,352

 

Weighted-average limited partnership units outstanding - diluted

 

 

35,995,933

 

 

 

34,456,465

 

Net income per limited partnership unit - basic and diluted

 

$

2.00

 

 

$

0.00

 

 

 

 

 

 

 

 

 

 

Distributions paid per common unit

 

$

0.5250

 

 

$

0.5250

 

Distributions declared (with respect to each respective period)

   per common unit

 

$

0.5250

 

 

$

0.5250

 

  

Distributions Made to Limited Partner, by Distribution

Distribution activity for 2020 is as follows:

 

Quarter Ended

 

Record Date

 

Payment Date

 

Cash

Distribution

(per unit)

 

 

Cash

Distribution

(in thousands)

 

December 31, 2019

 

February 3, 2020

 

February 10, 2020

 

$

0.5250

 

 

$

18,111

 

March 31, 2020

 

May 5, 2020

 

May 12, 2020

 

 

0.5250

 

 

 

19,881