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Net Income per Unit (Tables)

3 Months Ended

Mar. 31, 2020

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 limited partnership 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 limited partnership units outstanding for each period.



	Three Months Ended March 31,
	2020		2019
	(in thousands, except per unit amounts)
Net income attributable to AB Unitholders	$	194,320	$	149,114

Weighted average limited partnership units outstanding – basic	270,498		267,336
Dilutive effect of compensatory options to buy AB Holding Units	32		72
Weighted average limited partnership units outstanding – diluted	270,530		267,408
Basic net income per AB Unit	$	0.71	$	0.55
Diluted net income per AB Unit	$	0.71	$	0.55

Three Months Ended March 31,

(amounts as shown)

Anti-dilutive options excluded from diluted net income