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Net Income per Limited Partnership Unit (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Net Income (Loss) and Allocation of Net Income (Loss) to Limited Partners' Interest for Purposes of Computing Net Income per Limited Partner Unit

The following tables provide a reconciliation of net income (loss) and weighted-average units used in computing basic and diluted net income (loss) per limited partner unit for the following periods (in thousands, except unit and per unit amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Distributions paid

 

$

18,099

 

 

$

21,415

 

Allocation of distributions in excess of net income (loss)

 

 

(18,020

)

 

 

(23,400

)

Limited partners’ interest in net income (loss) - basic and diluted

 

$

79

 

 

$

(1,985

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average limited partnership units outstanding - basic

 

 

34,444,113

 

 

 

34,157,088

 

Adjustment for phantom and phantom performance units(a)

 

 

12,352

 

 

 

 

Weighted-average limited partnership units outstanding - diluted

 

 

34,456,465

 

 

 

34,157,088

 

Net income (loss) per limited partnership unit - basic and diluted

 

$

0.00

 

 

$

(0.06

)

 

 

 

 

 

 

 

 

 

Distributions paid per common unit

 

$

0.5250

 

 

$

0.6275

 

Distributions declared (with respect to each respective period)

   per common unit

 

$

0.5250

 

 

$

0.5250

 

   

(a)

Excludes 7,971 potentially dilutive securities from the calculation of diluted earnings per common unit because to do so would be antidilutive for the three months ended March 31, 2018.

Distributions Made to Limited Partner, by Distribution

Distribution activity for 2019 is as follows:

 

Quarter Ended

 

Record Date

 

Payment Date

 

Cash

Distribution

(per unit)

 

 

Cash

Distribution

(in thousands)

 

December 31, 2018

 

February 11, 2019

 

February 19, 2019

 

$

0.5250

 

 

$

18,099

 

March 31, 2019

 

May 6, 2019

 

May 13, 2019

 

$

0.5250

 

 

$

18,099