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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Sales:        
Product $ 622,962 $ 475,485 $ 989,696 $ 791,776
Installations and services 61,069 56,567 131,169 124,394
Total sales 684,031 532,052 1,120,865 916,170
Cost and expenses:        
Cost of product 403,293 288,941 646,073 488,534
Cost of installations and services 64,659 58,426 134,214 124,913
(Increase) decrease in the fair value of derivative instruments [1] 11,609 12,442 209 3,891
Delivery and branch expenses 106,605 92,214 197,809 173,347
Depreciation and amortization expenses 7,703 6,726 15,444 13,287
General and administrative expenses 6,221 5,556 12,872 11,909
Finance charge income (1,532) (1,285) (2,295) (1,980)
Operating income 85,473 69,032 116,539 102,269
Interest expense, net (2,383) (1,712) (4,470) (3,499)
Amortization of debt issuance costs (307) (324) (616) (636)
Income before income taxes 82,783 66,996 111,453 98,134
Income tax expense 28,005 27,292 26,493 40,155
Net income 54,778 39,704 84,960 57,979
General Partner’s interest in net income 319 233 494 338
Limited Partners’ interest in net income $ 54,459 $ 39,471 $ 84,466 $ 57,641
Basic and diluted income per Limited Partner Unit [2] $ 0.81 $ 0.59 $ 1.26 $ 0.87
Weighted average number of Limited Partner units outstanding:        
Basic and Diluted 55,642 55,888 55,766 55,888
[1] Represents the change in value of unrealized open positions and expired options.
[2] See Note 13 - Earnings Per Limited Partner Unit.