v2.4.0.8
NET INCOME PER UNIT
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
NET INCOME PER UNIT
NET INCOME PER UNIT

We have identified the general partner interest and incentive distribution rights (IDR) as participating securities and use the two-class method when calculating the net income per unit applicable to limited partners, which is based on the weighted-average number of common units outstanding during the period. Basic and diluted net income per unit applicable to limited partners are the same because we have no potentially dilutive securities outstanding.

The following table details the calculation of earnings (loss) per unit:
 
Three Months Ended March 31,
 
2014
 
2013
 
(Thousands of Dollars, Except Unit and Per Unit Data)
Net income attributable to NuStar Energy L.P.
$
39,744

 
$
24,565

Less general partner distribution (including IDR)
12,766

 
12,766

Less limited partner distribution
85,285

 
85,285

Distributions in excess of earnings
$
(58,307
)
 
$
(73,486
)
 
 
 
 
General partner earnings:
 
 
 
Distributions
$
12,766

 
$
12,766

Allocation of distributions in excess of earnings (2%)
(1,166
)
 
(1,469
)
Total
$
11,600

 
$
11,297

 
 
 
 
Limited partner earnings:
 
 
 
Distributions
$
85,285

 
$
85,285

Allocation of distributions in excess of earnings (98%)
(57,141
)
 
(72,017
)
Total
$
28,144

 
$
13,268

 
 
 
 
Weighted-average limited partner units outstanding
77,886,078

 
77,886,078

 
 
 
 
Net income per unit applicable to limited partners
$
0.36

 
$
0.17