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Net Income Per Limited Partner Unit (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of net income per unit
Net income per unit was computed as follows (in thousands, except per unit amounts):
 
 
Three Months Ended March 31, 2017
 
 
General
Partner
 
Limited Partners
Common Units
 
Restricted
Units
 
Total
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
595

 
$
29,136

 
$

 
$
29,731

General partner’s IDRs
 
8,307

 

 

 
8,307

DERs
 

 

 
5

 
5

Distributions and DERs declared
 
8,902

 
29,136

 
5

 
38,043

Undistributed earnings
 
565

 
19,525

 
4

 
20,094

Net income available to
limited partners – basic and diluted
 
$
9,467

 
$
48,661

 
$
9

 
$
58,137

 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
67,664

 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted
 
 
 
$
0.72

 
 
 
 

 
 
Three Months Ended March 31, 2016
 
 
 
 
Limited Partners
 
 
 
 
 
 
General
Partner
 
Common
Units
 
Subordinated
Units
 
Restricted Units
 
Total
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
512

 
$
12,665

 
$
9,788

 
$

 
$
22,965

General partner’s IDRs
 
2,638

 

 

 

 
2,638

DERs
 

 

 

 
5

 
5

Distributions and DERs declared
 
3,150

 
12,665

 
9,788

 
5

 
25,608

Undistributed earnings
 
354

 
9,692

 
7,640

 
4

 
17,690

Net income available to
limited partners – basic and diluted
 
$
3,504

 
$
22,357

 
$
17,428

 
$
9

 
$
43,298

 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted:
 
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
36,520

 
28,790

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted
 
 
 
$
0.61

 
$
0.61