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Income (Loss) Per Limited Partner Unit
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Income (Loss) Per Limited Partner Unit
Income per Common Unit
The following tables provide a reconciliation of the numerator and denominator of the basic and diluted earnings per common unit computations for the three and six months ended June 30, 2013 and 2012:
 
Three Months Ended June 30,
 
2013
 
2012
 
Income
(Numerator)
 
Units
(Denominator)
 
Per-Unit
Amount
 
Income
(Numerator)
 
Units
(Denominator)
 
Per-Unit
Amount
Basic income per unit
 
 
 
 
 
 
 
 
 
 
 
Amounts allocated to common units
$
13

 
193,065,183

 
$
0.07

 
$
23

 
170,107,060

 
$
0.14

Effect of Dilutive Securities:
 
 
 
 
 
 
 
 
 
 
 
Common unit options

 
24,365

 
 
 

 
8,474

 
 
Phantom units *

 
331,462

 
 
 

 
288,644

 
 
Series A Preferred Units

 

 
 
 
(6
)
 
4,645,229

 
 
Diluted income per unit
$
13

 
193,421,010

 
$
0.07

 
$
17

 
175,049,407

 
$
0.10

 
Six Months Ended June 30,
 
2013
 
2012
 
Income
(Numerator)
 
Units
(Denominator)
 
Per-Unit
Amount
 
Income
(Numerator)
 
Units
(Denominator)
 
Per-Unit
Amount
Basic income per unit
 
 
 
 
 
 
 
 
 
 
 
Amounts allocated to common units
$
4

 
182,070,077

 
$
0.02

 
$
47

 
164,398,548

 
$
0.29

Effect of Dilutive Securities:
 
 
 
 
 
 
 
 
 
 
 
Common unit options

 
19,035

 
 
 

 
15,033

 
 
Phantom units *

 
303,218

 
 
 

 
325,129

 
 
Series A Preferred Units

 

 
 
 
(3
)
 
4,645,229

 
 
Diluted income per unit
$
4

 
182,392,330

 
$
0.02

 
$
44

 
169,383,939

 
$
0.26


__________________
*
Amount assumes maximum conversion rate for market condition awards.
The following data show securities that could potentially dilute earnings per unit in the future that were not included in the computation of diluted earnings per unit because to do so would have been antidilutive for the periods presented:
 
Three Months
Ended
June 30,
2013
 
Six Months
Ended
June 30,
2013
Series A Preferred Units
4,672,835

 
4,672,835