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Net Income per Limited Partnership Unit (Tables)
 9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions paid

 

$

19,924

 

 

$

19,887

 

 

$

59,752

 

 

$

57,879

 

Allocation of distributions in excess of net income

 

 

(11,072

)

 

 

1,318

 

 

 

(50,078

)

 

 

40,484

 

Limited partners’ interest in net income - basic and diluted

 

$

8,852

 

 

$

21,205

 

 

$

9,674

 

 

$

98,363

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common units outstanding - basic

 

 

37,887,493

 

 

 

37,867,647

 

 

 

37,877,273

 

 

 

37,202,087

 

Adjustment for phantom and phantom performance units

 

 

19,306

 

 

 

963

 

 

 

20,763

 

 

 

—

 

Weighted-average common units outstanding - diluted

 

 

37,906,799

 

 

 

37,868,610

 

 

 

37,898,036

 

 

 

37,202,087

 

Net income per common unit - basic and diluted

 

$

0.23

 

 

$

0.56

 

 

$

0.26

 

 

$

2.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions paid per common unit

 

$

0.5250

 

 

$

0.5250

 

 

$

1.5750

 

 

$

1.5750

 

Distributions declared (with respect to each respective period)

   per common unit

 

$

0.5250

 

 

$

0.5250

 

 

$

1.5750

 

 

$

1.5750

 
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

 

September 30, 2021

 

November 3, 2021

 

November 10, 2021

 

 

0.5250

 

 

 

19,941