Net Income per Unit (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Net Income per Unit, Basic and Diluted

A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows (in thousands, except units and per unit amounts):



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
Net income and comprehensive income	$	44,551	$	34,711	$	178,697	$	177,551
Less: Net income and comprehensive income attributable to noncontrolling interest	—		852		—		2,545
Less: Preacquisition income allocated to general partner	—		6,315		—		117,728
Net income and comprehensive income attributable to partners	44,551		27,544		178,697		57,278
Less: Incentive distribution rights	20,396		8,441		60,311		13,252
Less: Distributions on nonvested phantom unit awards	906		349		2,760		971
Limited partners’ interest in net income	$	23,249	$	18,754	$	115,626	$	43,055
Weighted average limited partner units outstanding:
Common - basic	95,339,786		43,772,026		92,720,563		30,994,016
Common - equivalents	74,658		116		74,658		116
Common - diluted	95,414,444		43,772,142		92,795,221		30,994,132

Subordinated - basic and diluted	—		10,939,436		—		10,939,436
Net income per limited partner unit:
Common - basic and diluted	$	0.24	$	0.30	$	1.25	$	0.96
Subordinated - basic and diluted	$	—	$	0.52	$	—	$	1.21