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Net Income per Limited Partnership Unit (Tables)
 6 Months Ended
Jun. 30, 2021
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions paid

 

$

19,916

 

 

$

19,881

 

 

$

39,828

 

 

$

37,992

 

Allocation of distributions in excess of net income

 

 

(15,127

)

 

 

(14,651

)

 

 

(39,006

)

 

 

39,166

 

Limited partners’ interest in net income - basic and diluted

 

$

4,789

 

 

$

5,230

 

 

$

822

 

 

$

77,158

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average limited partnership units outstanding - basic

 

 

37,874,868

 

 

 

37,736,329

 

 

 

37,872,079

 

 

 

36,865,651

 

Adjustment for phantom and phantom performance units

 

 

30,142

 

 

 

1,821

 

 

 

30,146

 

 

 

1,844

 

Weighted-average limited partnership units outstanding -

   diluted

 

 

37,905,010

 

 

 

37,738,150

 

 

 

37,902,225

 

 

 

36,867,495

 

Net income per limited partnership unit - basic and diluted

 

$

0.13

 

 

$

0.14

 

 

$

0.02

 

 

$

2.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions paid per common unit

 

$

0.5250

 

 

$

0.5250

 

 

$

1.0500

 

 

$

1.0500

 

Distributions declared (with respect to each respective period)

   per common unit

 

$

0.5250

 

 

$

0.5250

 

 

$

1.0500

 

 

$

1.0500

 

  

Distributions Made to Limited Partner, by Distribution

Distribution activity for 2021 is as follows:

 

Quarter Ended

 

Record Date

 

Payment Date

 

Cash

Distribution

(per unit)

 

 

Cash

Distribution

(in thousands)

 

December 31, 2020

 

February 2, 2021

 

February 9, 2021

 

$

0.5250

 

 

$

19,912

 

March 31, 2021

 

May 4, 2021

 

May 11, 2021

 

 

0.5250

 

 

 

19,916

 

June 30, 2021

 

August 3, 2021

 

August 10, 2021

 

 

0.5250

 

 

 

19,924