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Earnings per Unit and Dilution Computations
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings per Unit and Dilution Computations
(9) Earnings per Unit and Dilution Computations
As required under FASB ASC 260-10-45-61A, unvested unit-based payments that entitle employees to receive non-forfeitable distributions are considered participating securities, as defined in FASB ASC 260-10-20, for earnings per unit calculations. Net income (loss) attributable to the drop down interests acquired during 2015 from Devon for periods prior to acquisition is not allocated for purposes of calculating net income (loss) per common unit as they were fully assigned to the general partner interest. The following table reflects the computation of basic and diluted earnings per unit for the three and six months ended June 30, 2016 and 2015 (in millions, except per unit amounts):
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
EnLink Midstream, LLC interest in net income (loss)
$
0.8

 
$
14.5

 
$
(456.8
)
 
$
30.8

Distributed earnings allocated to:
 
 
 
 
 
 
 
Common units (1) (2)
$
45.9

 
$
41.1

 
$
91.5

 
$
81.3

Unvested restricted units (1) (2)
0.5

 
0.3

 
1.0

 
0.5

Total distributed earnings
$
46.4

 
$
41.4

 
$
92.5

 
$
81.8

Undistributed loss allocated to:
 
 
 
 
 
 
 
Common units
$
(44.7
)
 
$
(26.7
)
 
$
(543.2
)
 
$
(50.7
)
Unvested restricted units
(0.9
)
 
(0.2
)
 
(6.1
)
 
(0.3
)
Total undistributed loss
$
(45.6
)
 
$
(26.9
)
 
$
(549.3
)
 
$
(51.0
)
Net income (loss) allocated to:
 
 
 
 
 
 
 
Common units
$
1.2

 
$
14.4

 
$
(451.7
)
 
$
30.6

Unvested restricted units
(0.4
)
 
0.1

 
(5.1
)
 
0.2

Total net income (loss)
$
0.8

 
$
14.5

 
$
(456.8
)
 
$
30.8

Basic and diluted net income (loss) per unit:
 
 
 
 
 
 
 
Basic
$
0.01

 
$
0.09

 
$
(2.55
)
 
$
0.19

Diluted
$
0.01

 
$
0.09

 
$
(2.55
)
 
$
0.19

(1)
Three months ended June 30, 2016 and 2015 represents a declared distribution of $0.255 per unit payable August 12, 2016 and a distribution of $0.25 per unit paid on August 14, 2015, respectively.
(2)
Six months ended June 30, 2016 and 2015 represents a distribution of $0.255 per unit paid on May 13, 2016, a declared distribution of $0.255 per unit payable on August 12, 2016 and distributions of $0.245 per unit paid on May 15, 2015 and of $0.25 per unit paid on August 14, 2015.
The following are the unit amounts used to compute the basic and diluted earnings per unit for the periods presented (in millions):
 
Three Months Ended
June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
Basic and diluted earnings per unit:
 
 
 
 
 
 
 
Weighted average common units outstanding
180.0

 
164.2

 
179.4

 
164.2

Diluted weighted average units outstanding:
 
 
 
 
 
 
 
Weighted average basic common units outstanding
180.0

 
164.2

 
179.4

 
164.2

Dilutive effect of restricted units issued
0.8

 
0.4

 
—

 
0.4

Total weighted average diluted common units outstanding
180.8

 
164.6

 
179.4

 
164.6


All outstanding units were included in the computation of diluted earnings per unit and weighted based on the number of days such units were outstanding during the periods presented.