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Earnings Per Unit and Dilution Computations
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Unit and Dilution Computations
(9) Earnings Per Unit and Dilution Computations

As required under ASC 260, Earnings Per Share, unvested share-based payments that entitle employees to receive non-forfeitable distributions are considered participating securities for earnings per unit calculations. The following table reflects the computation of basic and diluted earnings per limited partner units for the periods presented (in millions, except per unit amounts):
 
Three Months Ended March 31,
 
2017
 
2016
EnLink Midstream, LLC interest in net loss
$
(1.9
)
 
$
(457.6
)
Distributed earnings allocated to:
 
 
 
Common units (1)
$
45.9

 
$
45.6

Unvested restricted units (1)
0.6

 
0.5

Total distributed earnings
$
46.5

 
$
46.1

Undistributed loss allocated to:
 
 
 
Common units
$
(47.8
)
 
$
(498.5
)
Unvested restricted units
(0.6
)
 
(5.2
)
Total undistributed loss
$
(48.4
)
 
$
(503.7
)
Net loss allocated to:
 
 
 
Common units
$
(1.9
)
 
$
(452.9
)
Unvested restricted units
—

 
(4.7
)
Total net loss
$
(1.9
)
 
$
(457.6
)
Basic and diluted net loss per unit:
 
 
 
Basic
$
(0.01
)
 
$
(2.56
)
Diluted
$
(0.01
)
 
$
(2.56
)
                                                           
(1)
For the three months ended March 31, 2017 and 2016, represents a declared distribution of $0.255 per unit payable May 15, 2017 and a declared distribution of $0.255 per unit payable May 13, 2016, respectively.

A summary of our distribution activity relating to the ENLC common units for the three months ended March 31, 2017 and 2016, respectively, is provided below:

Declaration period
 
Distribution/unit
 
Date paid/payable
2017
 
 
 
 
Fourth Quarter of 2016
 
$
0.255

 
February 14, 2017
First Quarter of 2017
 
$
0.255

 
May 15, 2017
 
 
 
 
 
2016
 
 
 
 
Fourth Quarter of 2015
 
$
0.255

 
February 12, 2016
First Quarter of 2016
 
$
0.255

 
May 13, 2016


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 March 31,
 
2017
 
2016
Basic and diluted earnings per unit:
 
 
 
Weighted average common units outstanding
180.2

 
178.7

Diluted weighted average units outstanding:
 
 
 
Weighted average basic common units outstanding
180.2

 
178.7

Dilutive effect of restricted incentive units issued
—

 
—

Total weighted average diluted common units outstanding
180.2

 
178.7



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. All common unit equivalents were antidilutive for the three months ended March 31, 2017 and 2016 because a net loss existed for the corresponding periods.