Earnings Per Limited Partner Unit

3 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Limited Partner Unit

15) Earnings Per Limited Partner Unit

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

	Three Months Ended
Basic and Diluted Earnings Per Limited Partner:	December 31,
(in thousands, except per unit data)	2023		2022
Net income	$	12,979	$	13,539
Less General Partner’s interest in net income		118		122
Net income available to limited partners		12,861		13,417
Less dilutive impact of theoretical distribution of earnings *		1,588		1,723
Limited Partner’s interest in net income	$	11,273	$	11,694
Per unit data:
Basic and diluted net income available to limited partners	$	0.36	$	0.37
Less dilutive impact of theoretical distribution of earnings *		0.04		0.04
Limited Partner’s interest in net income	$	0.32	$	0.33
Weighted average number of Limited Partner units outstanding		35,593		35,916

* 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.