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Net Income per Unit (Tables)
3 Months Ended
Mar. 31, 2016
Net Income Per Unit [Abstract]  
Schedule of Net Income per Unit, Basic and Diluted

We also disclose limited partner units issued and outstanding. 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 March 31,

 

 

 

2016

 

 

2015

 

Net income and comprehensive income

 

$

62,009

 

 

$

49,306

 

Less: Net income and comprehensive income attributable to noncontrolling interest

 

 

 

 

 

846

 

Less: Preacquisition income allocated to general partner

 

 

 

 

 

31,388

 

Net income and comprehensive income attributable to partners

 

 

62,009

 

 

 

17,072

 

Less: Incentive distribution rights

 

 

19,566

 

 

 

1,449

 

Less: Distributions on nonvested phantom unit awards

 

 

931

 

 

 

310

 

Limited partners’ interest in net income

 

$

41,512

 

 

$

15,313

 

Weighted average limited partner units outstanding:

 

 

 

 

 

 

 

 

Common - basic

 

 

87,453,333

 

 

 

24,099,177

 

Common - equivalents

 

 

21,354

 

 

 

37,671

 

Common - diluted

 

 

87,474,687

 

 

 

24,136,848

 

 

 

 

 

 

 

 

 

 

Subordinated - basic and diluted

 

 

 

 

 

10,939,436

 

Net income per limited partner unit:

 

 

 

 

 

 

 

 

Common - basic and diluted

 

$

0.47

 

 

$

0.44

 

Subordinated - basic and diluted

 

$

 

 

$

0.44