Net Income per Unit (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Earnings Per Unit, Basic and Diluted

Basic net income per unit is derived by reducing net income for the 1% general partnership interest and dividing the remaining 99% by the basic weighted average number of units outstanding for each period. Diluted net income per unit is derived by reducing net income for the 1% general partnership interest and dividing the remaining 99% by the total of the diluted weighted average number of units outstanding for each period.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(in thousands, except per unit amounts)

Net income attributable to AB Unitholders	$	158,035	$	133,308	$	448,820	$	420,533

Weighted average units outstanding – basic	268,133		271,911		269,896		272,530
Dilutive effect of compensatory options to buy AB Holding Units	590		970		554		1,113
Weighted average units outstanding – diluted	268,723		272,881		270,450		273,643
Basic net income per AB Unit	$	0.58	$	0.49	$	1.65	$	1.53
Diluted net income per AB Unit	$	0.58	$	0.48	$	1.64	$	1.52