Earnings Per Limited Partner Unit (Tables)

9 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income Allocation and Per Unit Data

The following table presents the net income allocation and per unit data:

	Three Months Ended						Nine Months Ended
Basic and Diluted Earnings Per Limited Partner:	June 30,						June 30,
(in thousands, except per unit data)	2022			2021			2022		2021
Net income (loss)	$	(10,587	)	$	(12,054	)	$	85,281	$	110,970
Less General Partner’s interest in net income (loss)		(93	)		(98	)		726		879
Net income (loss) available to limited partners		(10,494	)		(11,956	)		84,555		110,091
Less dilutive impact of theoretical distribution of earnings *		—			—			13,677		18,545
Limited Partner’s interest in net income (loss)	$	(10,494	)	$	(11,956	)	$	70,878	$	91,546
Per unit data:
Basic and diluted net income (loss) available to limited partners	$	(0.29	)	$	(0.30	)	$	2.24	$	2.69
Less dilutive impact of theoretical distribution of earnings *		—			—			0.36		0.45
Limited Partner’s interest in net income (loss)	$	(0.29	)	$	(0.30	)	$	1.88	$	2.24
Weighted average number of Limited Partner units outstanding		36,781			40,041			37,739		40,897

* In any accounting period where the Company’s aggregate net income exceeds its aggregate distribution for such period, the Company is required to present net income per Limited Partner unit as if all of the earnings for the period were distributed, based on the terms of the Partnership agreement, regardless of whether those earnings would actually be distributed during a particular period from an economic or practical perspective. This allocation does not impact the Company’s overall net income or other financial results.