Net (Loss) Income Per Common Limited Partner Unit (Tables)

9 Months Ended

Sep. 30, 2018

Net Income Per Common Limited Partner Unit

Schedule of reconciliation of net income and the assumed allocation of net income (loss) to the limited partners' interest for purposes of computing net income per limited partner unit (in thousands, except per unit data)

	Three Months Ended September 30, 2018								Three Months Ended September 30, 2017
			Common		General						Common		General
			Limited		Partner						Limited		Partner
Numerator:	Total		Partners		Interest		IDRs		Total		Partners		Interest		IDRs
Net (loss) income attributable to Global Partners LP	$	(14,080)	$	(14,053)	$	(27)	$	—	$	14,878	$	14,778	$	100	$	—
Declared distribution	$	16,325	$	16,149	$	109	$	67	$	15,829	$	15,723	$	106	$	—
Assumed allocation of undistributed net loss		(30,405)		(30,202)		(203)		—		(951)		(945)		(6)		—
Assumed allocation of net (loss) income	$	(14,080)	$	(14,053)	$	(94)	$	67	$	14,878	$	14,778	$	100	$	—
Less net income attributable to Series A preferred limited partners				1,009								—
Net (loss) income attributable to common limited partners			$	(15,062)							$	14,778
Denominator:
Basic weighted average common units outstanding				34,114								33,644
Dilutive effect of phantom units				—								301
Diluted weighted average common units outstanding				34,114								33,945
Basic net (loss) income per common limited partner unit			$	(0.44)							$	0.44
Diluted net income per common limited partner unit (1)			$	(0.44)							$	0.44

(1) Basic common limited partner units were used to calculate diluted earnings per common limited partner unit for the three months ended September 30, 2018, as using the effects of phantom units would have an anti-dilutive effect.

	Nine Months Ended September 30, 2018								Nine Months Ended September 30, 2017
			Common		General						Common		General
			Limited		Partner						Limited		Partner
Numerator:	Total		Partners		Interest		IDRs		Total		Partners		Interest		IDRs
Net income attributable to Global Partners LP	$	51,375	$	50,896	$	479	$	—	$	40,198	$	39,928	$	270	$	—
Declared distribution	$	48,479	$	48,021	$	324	$	134	$	47,487	$	47,169	$	318	$	—
Assumed allocation of undistributed net income (loss)		2,896		2,875		21		—		(7,289)		(7,241)		(48)		—
Assumed allocation of net income	$	51,375	$	50,896	$	345	$	134	$	40,198	$	39,928	$	270	$	—
Less net income attributable to Series A preferred limited partners				1,009								—
Net income attributable to common limited partners			$	49,887							$	39,928
Denominator:
Basic weighted average common units outstanding				33,680								33,570
Dilutive effect of phantom units				214								269
Diluted weighted average common units outstanding				33,894								33,839
Basic net income per common limited partner unit			$	1.48							$	1.19
Diluted net income per common limited partner unit			$	1.47							$	1.18

Schedule of quarterly cash distributions

	Per Unit Cash		Distribution Declared for the
Cash Distribution Declaration Date	Distribution Declared		Quarterly Period Ended
April 27, 2018	$	0.4625	March 31, 2018
July 27, 2018	$	0.4750	June 30, 2018
October 26, 2018	$	0.4750	September 30, 2018