XML 37 R28.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings per Limited Partner Units
 12 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings per Limited Partner Units

19) Earnings per Limited Partner Units

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

 

Basic and Diluted Earnings Per Limited Partner:

 

Years Ended September 30,

 

(in thousands, except per unit data)

 

2024

 

 

2023

 

 

2022

 

Net income

 

$

35,223

 

 

$

31,945

 

 

$

35,288

 

Less General Partners’ interest in net income

 

 

311

 

 

 

288

 

 

 

281

 

Net income available to limited partners

 

 

34,912

 

 

 

31,657

 

 

 

35,007

 

Less dilutive impact of theoretical distribution of
   earnings *

 

 

3,125

 

 

 

2,600

 

 

 

3,230

 

Limited Partner’s interest in net income

 

$

31,787

 

 

$

29,057

 

 

$

31,777

 

Per unit data:

 

 

 

 

 

 

 

 

 

Basic and diluted net income available to limited partners

 

$

0.99

 

 

$

0.89

 

 

$

0.94

 

Less dilutive impact of theoretical distribution of
   earnings *

 

 

0.09

 

 

 

0.08

 

 

 

0.09

 

Limited Partner’s interest in net income under

 

$

0.90

 

 

$

0.81

 

 

$

0.85

 

Weighted average number of Limited Partner units outstanding

 

 

35,273

 

 

 

35,694

 

 

 

37,384

 

 

* 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.