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Earnings per Unit
 6 Months Ended
Sep. 30, 2013
Earnings per Unit  
Earnings per Unit

Note 4 — Earnings per Unit

 

Our earnings per common and subordinated unit for the periods indicated below were computed as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(in thousands, except unit and per unit amounts)

 

Basic and diluted earnings (loss) per common or subordinated unit

 

 

 

 

 

 

 

 

 

Income (loss) attributable to parent equity

 

$

(941

)

$

10,073

 

$

(18,574

)

$

(14,577

)

Income allocated to general partner(*)

 

(2,451

)

(694

)

(4,139

)

(789

)

Income (loss) allocated to limited partners

 

$

(3,392

)

$

9,379

 

$

(22,713

)

$

(15,366

)

 

 

 

 

 

 

 

 

 

 

Income (loss) allocated to:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

(2,830

)

$

8,286

 

$

(19,637

)

$

(13,112

)

Subordinated unitholders

 

$

(562

)

$

1,093

 

$

(3,076

)

$

(2,254

)

 

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding

 

58,909,389

 

44,831,836

 

53,336,969

 

35,730,492

 

 

 

 

 

 

 

 

 

 

 

Weighted average subordinated units outstanding

 

5,919,346

 

5,919,346

 

5,919,346

 

5,919,346

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common unit - basic and diluted

 

$

(0.05

)

$

0.18

 

$

(0.37

)

$

(0.37

)

 

 

 

 

 

 

 

 

 

 

Income (loss) per subordinated unit - basic and diluted

 

$

(0.09

)

$

0.18

 

$

(0.52

)

$

(0.38

)

 

(*)         The income allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights, which are described in Note 10.

 

The restricted units described in Note 10 were antidilutive for the three-month and six-month periods ended September 30, 2013 and 2012.