v3.10.0.1
NET INCOME PER COMMON UNIT (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Net Income Per Common Unit
The following table details the calculation of net income per common unit:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(Thousands of Dollars, Except Unit and Per Unit Data)
Net income
$
29,399

 
$
26,250

 
$
155,532

 
$
84,190

Less: Distributions to preferred limited partners
16,245

 
9,950

 
32,235

 
14,763

Less: Distributions to general partner (including incentive distribution rights)

 
13,214

 
1,141

 
28,469

Less: Distributions to common limited partners
64,205

 
101,869

 
120,121

 
203,782

Less: Distribution equivalent rights to restricted units
480

 
712

 
925

 
1,427

Distributions (in excess of) less than earnings
$
(51,531
)
 
$
(99,495
)

$
1,110


$
(164,251
)
 
 
 
 
 
 
 
 
Net income attributable to common units:
 
 
 
 
 
 
 
Distributions to common limited partners
$
64,205

 
$
101,869

 
$
120,121

 
$
203,782

Allocation of distributions (in excess of) less than earnings
(50,500
)
 
(97,505
)
 
1,079

 
(160,966
)
Total
$
13,705

 
$
4,364

 
$
121,200

 
$
42,816

 
 
 
 
 
 
 
 
Basic weighted-average common units outstanding
93,192,238

 
90,345,469

 
93,187,038

 
84,526,506

 
 
 
 
 
 
 
 
Basic net income per common unit
$
0.15

 
$
0.05

 
$
1.30

 
$
0.51