Net Income per Unit

6 Months Ended

Jun. 30, 2020

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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands, except per unit amounts)
Net income attributable to AB Unitholders	$	177,321	$	166,252	$	371,641	$	315,366

Weighted average limited partnership units outstanding – basic	269,081		268,475		269,789		267,909
Dilutive effect of compensatory options to buy AB Holding Units	9		48		22		60
Weighted average limited partnership units outstanding – diluted	269,090		268,523		269,811		267,969
Basic net income per AB Unit	$	0.65	$	0.61	$	1.36	$	1.17
Diluted net income per AB Unit	$	0.65	$	0.61	$	1.36	$	1.17



	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
	(amounts as shown)
Anti-dilutive options excluded from diluted net income	44,877	29,056	44,877	29,056