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Net Income Per Limited Partner Unit (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of net income per unit
Net income per unit was computed as follows (in thousands, except per unit amounts):
 
 
General
Partner
 
Limited
Partners
Common
Units
 
Restricted
Units
 
Total
Three Months Ended June 30, 2018:
 
 
 
 
 
 
 
 
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
1,122

 
$
38,156

 
$

 
$
39,278

General partner’s IDRs
 
16,796

 

 

 
16,796

DERs
 

 

 
7

 
7

Distributions and DERs declared
 
17,918

 
38,156

 
7

 
56,081

Undistributed earnings
 
159

 
7,778

 
1

 
7,938

Net income available to
limited partners – basic and diluted
 
$
18,077

 
$
45,934

 
$
8

 
$
64,019

 
 
 
 
 
 
 
 
 
Net income per limited partner common unit – basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
69,251

 
 
 
 
Net income per limited partner common unit – basic and diluted
 
 
 
$
0.66

 
 
 
 
Three Months Ended June 30, 2017:
 
 
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
842

 
$
31,014

 
$

 
$
31,856

General partner’s IDRs
 
10,250

 

 

 
10,250

DERs
 

 

 
5

 
5

Distributions and DERs declared
 
11,092


31,014


5

 
42,111

Undistributed earnings
 
327

 
16,002

 
3

 
16,332

Net income available to
limited partners – basic and diluted
 
$
11,419

 
$
47,016

 
$
8

 
$
58,443

 
 
 
 
 
 
 
 
 
Net income per limited partner common unit – basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
68,157

 
 
 
 
Net income per limited partner common unit – basic and diluted
 
 
 
$
0.69

 
 
 
 

 
 
General
Partner
 
Limited
Partners
Common
Units
 
Restricted
Units
 
Total
Six Months Ended June 30, 2018:
 
 
 
 
 
 
 
 
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
2,178

 
$
74,686

 
$

 
$
76,864

General partner’s IDRs
 
32,030

 

 

 
32,030

DERs
 

 

 
13

 
13

Distributions and DERs declared
 
34,208

 
74,686

 
13

 
108,907

Undistributed earnings
 
424

 
20,764

 
3

 
21,191

Net income available to
limited partners – basic and diluted
 
$
34,632

 
$
95,450

 
$
16

 
$
130,098

 
 
 
 
 
 
 
 
 
Net income per limited partner common unit – basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
69,250

 
 
 
 
Net income per limited partner common unit – basic and diluted
 
 
 
$
1.38

 
 
 
 

Six Months Ended June 30, 2017:
 
 
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
1,437

 
$
60,150

 
$

 
$
61,587

General partner’s IDRs
 
18,557

 

 

 
18,557

DERs
 

 

 
10

 
10

Distributions and DERs declared
 
19,994


60,150


10

 
80,154

Undistributed earnings
 
892

 
35,527

 
7

 
36,426

Net income available to
limited partners – basic and diluted
 
$
20,886

 
$
95,677

 
$
17

 
$
116,580

 
 
 
 
 
 
 
 
 
Net income per limited partner common unit – basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
67,912

 
 
 
 
Net income per limited partner common unit – basic and diluted
 
 
 
$
1.41