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Net Income per Limited Partnership Unit (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Reconciliation of Net Income and Weighted-Average Units Used in Computing Basic and Diluted Net Income Per Common Unit | The following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per common unit for the following periods (in thousands, except unit and per unit amounts):
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |
Distributions paid on common units |  | $ | 79,854 |  |  | $ | 79,712 |  |  | $ | 79,625 |
Allocation of distributions in excess of net income |  |  | (59,962 | ) |  |  | (39,608 | ) |  |  | (17,655 | )
Limited partners’ interest in net income - basic and diluted |  | $ | 19,892 |  |  | $ | 40,104 |  |  | $ | 61,970 |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common units outstanding - basic |  |  | 38,027,587 |  |  |  | 37,957,727 |  |  |  | 37,916,829 |
Adjustment for phantom and phantom performance units(a) |  |  | 144,847 |  |  |  | 161,734 |  |  |  | 142,945 |
Weighted average common units outstanding - diluted |  |  | 38,172,434 |  |  |  | 38,119,461 |  |  |  | 38,059,774 |
Net income per common unit - basic |  | $ | 0.52 |  |  | $ | 1.06 |  |  | $ | 1.63 |
Net income per common unit - diluted |  | $ | 0.52 |  |  | $ | 1.05 |  |  | $ | 1.63 |
Distributions paid per common unit |  | $ | 2.1000 |  |  | $ | 2.1000 |  |  | $ | 2.1000 |
Distributions declared (with respect to each respective period) per common unit |  | $ | 2.1000 |  |  | $ | 2.1000 |  |  | $ | 2.1000 |
(a) For 2024, 2023 and 2022, respectively, 1,217,870, 1,203,481 and 835,551 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.
Quarterly Distributions Made to Limited Partner, by Distribution | Quarterly distribution activity to common unitholders for 2024 was as follows:
Quarter Ended |  | Record Date |  | Payment Date |  | Cash Distribution (per unit) |  |  | Cash Distribution (in thousands) |
December 31, 2023 |  | February 2, 2024 |  | February 9, 2024 |  | $ | 0.5250 |  |  | $ | 19,941 |
March 31, 2024 |  | May 3, 2024 |  | May 10, 2024 |  |  | 0.5250 |  |  |  | 19,964 |
June 30, 2024 |  | August 2, 2024 |  | August 9, 2024 |  |  | 0.5250 |  |  |  | 19,974 |
September 30, 2024 |  | November 4, 2024 |  | November 13, 2024 |  |  | 0.5250 |  |  |  | 19,975 |
December 31, 2024 |  | February 3, 2025 |  | February 13, 2025 |  |  | 0.5250 |  |  |  | 19,981 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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