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Members' Equity
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Members' Equity
(9) Members' Equity

(a) 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 unit for the periods presented (in millions, except per unit amounts):

 
Year Ended December 31,
 
2017
 
2016
 
2015
EnLink Midstream, LLC interest in net income (loss)
$
212.8

 
$
(460.0
)
 
$
(357.0
)
Distributed earnings allocated to:
 
 
 
 
 
Common units (1)
$
184.8

 
$
183.3

 
$
165.0

Unvested restricted units (1)
2.5

 
2.2

 
1.1

Total distributed earnings
$
187.3

 
$
185.5

 
$
166.1

Undistributed income (loss) allocated to:
 
 
 
 
 
Common units
$
25.2

 
$
(638.0
)
 
$
(519.5
)
Unvested restricted units
0.3

 
(7.5
)
 
(3.6
)
Total undistributed income (loss)
$
25.5

 
$
(645.5
)
 
$
(523.1
)
Net income (loss) allocated to:
 
 
 
 
 
Common units
$
210.0

 
$
(454.6
)
 
$
(354.5
)
Unvested restricted units
2.8

 
(5.4
)
 
(2.5
)
Total net income (loss)
$
212.8

 
$
(460.0
)
 
$
(357.0
)
Basic and diluted net income (loss) per unit:
 
 
 
 
 
Basic
$
1.18

 
$
(2.56
)
 
$
(2.17
)
Diluted
$
1.17

 
$
(2.56
)
 
$
(2.17
)
(1)
Represents distribution activity consistent with the distribution activity table below.

The following are the unit amounts used to compute the basic and diluted earnings per unit for the periods presented (in millions):

 
Year Ended December 31,
 
2017
 
2016
 
2015
Basic weighted average units outstanding:
 
 
 
 
 
Weighted average common units outstanding
180.5

 
179.7

 
164.2

 
 
 
 
 
 
Diluted weighted average units outstanding:
 
 
 
 
 
Weighted average basic common units outstanding
180.5

 
179.7

 
164.2

Dilutive effect of restricted units issued (1)
1.3

 

 

Total weighted average diluted common units outstanding
181.8

 
179.7

 
164.2

(1)
For the years ended December 31, 2016 and 2015, all common units were antidilutive because a net loss existed for that period.

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 period presented.

(b) Distributions

A summary of our distribution activity relating to ENLC common units for the years ended December 31, 2017, 2016 and 2015, respectively, is provided below:

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

 
May 15, 2017
Second Quarter of 2017
 
$
0.255

 
August 14, 2017
Third Quarter of 2017
 
$
0.255

 
November 14, 2017
Fourth Quarter of 2017
 
$
0.259

 
February 14, 2018
 
 
 
 
 
2016
 
 
 
 
First Quarter of 2016
 
$
0.255

 
May 13, 2016
Second Quarter of 2016
 
$
0.255

 
August 12, 2016
Third Quarter of 2016
 
$
0.255

 
November 14, 2016
Fourth Quarter of 2016
 
$
0.255

 
February 14, 2017
 
 
 
 
 
2015
 
 
 
 
First Quarter of 2015
 
$
0.245

 
May 15, 2015
Second Quarter of 2015
 
$
0.250

 
August 14, 2015
Third Quarter of 2015
 
$
0.255

 
November 13, 2015
Fourth Quarter of 2015
 
$
0.255

 
February 12, 2016