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Net Income Per Unit (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Cash Distributions
Our distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below represents total cash distributions applicable to the period in which the distributions are earned. The expected date of distribution for the distributions earned during the period ended June 30, 2020 is August 12, 2020. The calculation of net income per unit is as follows (dollars in thousands, except units and per unit amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Net income attributable to partners
$
44,415

 
$
24,885

 
$
72,211

 
$
44,581

Less: General partner's distribution (including IDRs) (1)
9,479

 
8,160

 
18,618

 
15,583

Less: Limited partners' distribution
26,490

 
20,754

 
48,229

 
40,769

Earnings in excess (deficit) of distributions
$
8,446

 
$
(4,029
)
 
$
5,364

 
$
(11,771
)
 
 
 
 
 
 
 
 
General partner's earnings:
 
 
 
 
 
 
 
Distributions (including IDRs) (1)
$
9,479

 
$
8,160

 
$
18,618

 
$
15,583

Allocation of earnings in excess (deficit) of distributions
168

 
(81
)
 
106

 
(235
)
Total general partner's earnings
$
9,647

 
$
8,079

 
$
18,724

 
$
15,348

 
 
 
 
 
 
 
 
Limited partners' earnings on common units:
 
 
 
 
 
 
 
Distributions
$
26,490

 
$
20,754

 
$
48,229

 
$
40,769

Allocation of earnings in excess (deficit) of distributions
8,278

 
(3,948
)
 
5,258

 
(11,536
)
Total limited partners' earnings on common units
$
34,768

 
$
16,806

 
$
53,487

 
$
29,233

 
 
 
 
 
 
 
 
Weighted average limited partner units outstanding:
 
 
 
 
 
 
 
Common units - basic
29,427,298

 
24,409,359

 
26,953,934

 
24,408,270

Common units - diluted
29,430,555

 
24,414,343

 
26,956,523

 
24,414,077

 
 
 
 
 
 
 
 
Net income per limited partner unit:
 
 
 
 
 
 
 
Common units - basic
$
1.18

 
$
0.69

 
$
1.98

 
$
1.20

Common units - diluted (2) 
$
1.18

 
$
0.69

 
$
1.98

 
$
1.20


(1) General partner distributions (including IDRs) consist of the 2.0% general partner interest and IDRs, which represent the right of the general partner to receive increasing percentages of quarterly distributions of available cash from operating surplus in excess of 0.43125 per unit per quarter. See Note 8 for further discussion related to IDRs.
(2) Outstanding common unit equivalents totaling 18,270 were excluded from the diluted earnings per unit calculation for the three and six months ended June 30, 2020. There were no outstanding common units excluded from the diluted earnings per unit calculation for the three and six months ended June 30, 2019.