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Earnings Per Limited Partner Unit (Tables)
6 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Income Allocation and Per Unit Data

The following presents the net income allocation and per unit data using this method for the periods presented:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Basic and Diluted Earnings Per Limited Partner:

 

March 31,

 

 

March 31,

 

(in thousands, except per unit data)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

 

$

54,778

 

 

$

39,704

 

 

$

84,960

 

 

$

57,979

 

Less General Partner’s interest in net income

 

 

319

 

 

 

233

 

 

 

494

 

 

 

338

 

Net income available to limited partners

 

 

54,459

 

 

 

39,471

 

 

 

84,466

 

 

 

57,641

 

Less dilutive impact of theoretical distribution of earnings

   under FASB ASC 260-10-45-60

 

 

9,444

 

 

 

6,607

 

 

 

14,423

 

 

 

9,115

 

Limited Partner’s interest in net income under FASB ASC

   260-10-45-60

 

$

45,015

 

 

$

32,864

 

 

$

70,043

 

 

$

48,526

 

Per unit data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income available to limited partners

 

$

0.98

 

 

$

0.71

 

 

$

1.51

 

 

$

1.03

 

Less dilutive impact of theoretical distribution of earnings

   under FASB ASC 260-10-45-60

 

 

0.17

 

 

 

0.12

 

 

 

0.25

 

 

$

0.16

 

Limited Partner’s interest in net income under FASB ASC

   260-10-45-60

 

$

0.81

 

 

$

0.59

 

 

$

1.26

 

 

$

0.87

 

Weighted average number of Limited Partner units outstanding

 

 

55,642

 

 

 

55,888

 

 

 

55,766

 

 

 

55,888