Earnings Per Limited Partner Unit

9 Months Ended

Jun. 30, 2021

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						Nine Months Ended
Basic and Diluted Earnings Per Limited Partner:	June 30,						June 30,
(in thousands, except per unit data)	2021			2020			2021		2020
Net income (loss)	$	(12,054	)	$	(46	)	$	110,970	$	86,117
Less General Partner’s interest in net income (loss)		(98	)		(1	)		879		600
Net income (loss) available to limited partners		(11,956	)		(45	)		110,091		85,517
Less dilutive impact of theoretical distribution of earnings *		—			—			18,545		13,616
Limited Partner’s interest in net income (loss)	$	(11,956	)	$	(45	)	$	91,546	$	71,901
Per unit data:
Basic and diluted net income available to limited partners	$	(0.30	)	$	—		$	2.69	$	1.85
Less dilutive impact of theoretical distribution of earnings *		—			—			0.45		0.30
Limited Partner’s interest in net income (loss)	$	(0.30	)	$	—		$	2.24	$	1.55
Weighted average number of Limited Partner units outstanding		40,041			45,246			40,897		46,253

*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.