NET INCOME PER UNIT

9 Months Ended

Sep. 30, 2015

We treat restricted units granted under our long-term incentive plan as participating securities in computing net income per unit pursuant to the two-class method. The computation of diluted net income per unit for the three and nine months ended September 30, 2014 includes the dilutive effect of outstanding options to purchase NuStar GP Holdings units. There were no outstanding options to purchase NuStar GP Holdings units for the three and nine months ended September 30, 2015. Unit amounts used in the computation of basic and diluted net income per unit were as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2015	2014	2015	2014
Basic units outstanding:
Weighted-average number of basic units outstanding	42,913,969	42,702,185	42,913,675	42,672,383
Diluted units outstanding:
Weighted-average number of basic units outstanding	42,913,969	42,702,185	42,913,675	42,672,383
Effect of dilutive securities	—	55,208	—	28,477
Weighted-average number of diluted units outstanding	42,913,969	42,757,393	42,913,675	42,700,860