EARNINGS PER LIMITED PARTNER UNIT (Tables)

3 Months Ended

Mar. 31, 2020

EARNINGS PER LIMITED PARTNER UNIT

Reconciliation of net income and EPU calculations

	Three Months Ended
	March 31,
	2020		2019
	(in thousands, except per unit data)
Net (loss) income attributable to ARLP	$	(144,783)	$	276,428
Less:
Distributions to participating securities		—		(1,105)
Undistributed earnings attributable to participating securities		—		(3,522)
Net (loss) income attributable to ARLP available to limited partners	$	(144,783)	$	271,801
Weighted-average limited partner units outstanding – basic and diluted		127,072		128,150
Earnings per limited partner unit - basic and diluted (1)	$	(1.14)	$	2.12

(1) Diluted EPU gives effect to all potentially dilutive common units outstanding during the period using the treasury stock method. Diluted EPU excludes all potentially dilutive units calculated under the treasury stock method if their effect is anti-dilutive.  The combined total of LTIP, SERP and Directors' Deferred Compensation Plan units of 851 and 1,365 for the three months ended March 31, 2020 and 2019, respectively, were considered anti-dilutive under the treasury stock method.