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Earnings Per Limited Partner Unit (Tables)
6 Months Ended
Mar. 31, 2019
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)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

72,325

 

 

$

54,778

 

 

$

74,640

 

 

$

84,960

 

Less General Partner’s interest in net income

 

 

454

 

 

 

319

 

 

 

469

 

 

 

494

 

Net income available to limited partners

 

 

71,871

 

 

 

54,459

 

 

 

74,171

 

 

 

84,466

 

Less dilutive impact of theoretical distribution of earnings

   under FASB ASC 260-10-45-60

 

 

12,934

 

 

 

9,444

 

 

 

12,294

 

 

 

14,423

 

Limited Partner’s interest in net income under FASB ASC 260-10-45-60

 

$

58,937

 

 

$

45,015

 

 

$

61,877

 

 

$

70,043

 

Per unit data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income available to limited partners

 

$

1.40

 

 

$

0.98

 

 

$

1.42

 

 

$

1.51

 

Less dilutive impact of theoretical distribution of earnings

   under FASB ASC 260-10-45-60

 

 

0.25

 

 

 

0.17

 

 

 

0.23

 

 

$

0.25

 

Limited Partner’s interest in net income under FASB ASC

   260-10-45-60

 

$

1.15

 

 

$

0.81

 

 

$

1.19

 

 

$

1.26

 

Weighted average number of Limited Partner units outstanding

 

 

51,427

 

 

 

55,642

 

 

 

52,174

 

 

 

55,766