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Members' Equity
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Members' Equity
(8) 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):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
ENLC interest in net income
$
28.0

 
$
5.9

 
$
40.4

 
$
4.0

Distributed earnings allocated to:
 
 
 
 
 
 
 
Common units (1) (2)
$
48.3

 
$
46.1

 
$
95.9

 
$
92.0

Unvested restricted units (1) (2)
0.8

 
0.6

 
1.3

 
1.2

Total distributed earnings
$
49.1

 
$
46.7

 
$
97.2

 
$
93.2

Undistributed loss allocated to:
 
 
 
 
 
 
 
Common units
$
(20.8
)
 
$
(40.3
)
 
$
(56.1
)
 
$
(88.1
)
Unvested restricted units
(0.3
)
 
(0.5
)
 
(0.7
)
 
(1.1
)
Total undistributed loss
$
(21.1
)
 
$
(40.8
)
 
$
(56.8
)
 
$
(89.2
)
Net income allocated to:
 
 
 
 
 
 
 
Common units
$
27.5

 
$
5.8

 
$
39.8

 
$
3.9

Unvested restricted units
0.5

 
0.1

 
0.6

 
0.1

Total net income
$
28.0

 
$
5.9

 
$
40.4

 
$
4.0

Basic and diluted net income per unit:
 
 
 
 
 
 
 
Basic
$
0.15

 
$
0.03

 
$
0.22

 
$
0.02

Diluted
$
0.15

 
$
0.03

 
$
0.22

 
$
0.02

                                                           
(1)
For the three months ended June 30, 2018 and 2017, distributed earnings represent a declared distribution of $0.267 per unit payable on August 14, 2018 and a distribution of $0.255 per unit paid on August 14, 2017, respectively.
(2)
For the six months ended June 30, 2018, distributed earnings included a distribution of $0.263 per unit paid on May 15, 2018 and a declared distribution of $0.267 per unit payable on August 14, 2018. For the six months ended June 30, 2017, distributed earnings included distributions of $0.255 per unit paid on May 15, 2017 and $0.255 per unit paid on August 14, 2017.

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,
 
2018
 
2017
 
2018
 
2017
Basic weighted average units outstanding:
 
 
 
 
 
 
 
Weighted average common units outstanding
181.0

 
180.6

 
181.0

 
180.4

 
 
 
 
 
 
 
 
Diluted weighted average units outstanding:
 
 
 
 
 
 
 
Weighted average basic common units outstanding
181.0

 
180.6

 
181.0

 
180.4

Dilutive effect of non-vested restricted units
1.2

 
1.1

 
1.0

 
1.2

Total weighted average diluted common units outstanding
182.2

 
181.7

 
182.0

 
181.6



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.

(b) Distributions

A summary of our distribution activity relating to the ENLC common units for the six months ended June 30, 2018 and 2017, respectively, is provided below:

Declaration period
 
Distribution/unit
 
Date paid/payable
2018
 
 
 
 
Fourth Quarter of 2017
 
$
0.259

 
February 14, 2018
First Quarter of 2018
 
$
0.263

 
May 15, 2018
Second Quarter 2018
 
$
0.267

 
August 14, 2018
 
 
 
 
 
2017
 
 
 
 
Fourth Quarter of 2016
 
$
0.255

 
February 14, 2017
First Quarter of 2017
 
$
0.255

 
May 15, 2017
Second Quarter 2017
 
$
0.255

 
August 14, 2017