Earnings per Limited Partner Units

12 Months Ended

Sep. 30, 2021

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)	2021		2020		2019
Net income	$	87,737	$	55,918	$	17,637
Less General Partners’ interest in net income		689		377		95
Net income available to limited partners		87,048		55,541		17,542
Less dilutive impact of theoretical distribution of earnings *		13,163		6,812		—
Limited Partner’s interest in net income	$	73,885	$	48,729	$	17,542
Per unit data:
Basic and diluted net income available to limited partners	$	2.15	$	1.22	$	0.35
Less dilutive impact of theoretical distribution of earnings *		0.33		0.15		—
Limited Partner’s interest in net income under	$	1.82	$	1.07	$	0.35
Weighted average number of Limited Partner units outstanding		40,553		45,656		50,814

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.