Net Income Per Limited Partner Unit (Tables)

9 Months Ended

Sep. 30, 2017

Net Income Per Limited Partner Unit

Schedule of net income per common and subordinated unit

The Partnership’s calculation of net income per limited partner unit for the periods indicated is as follows (in thousands, except per unit data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2017		2016		2017
Net income	$	70,524		80,893		163,352		243,160
Less:
Net income attributable to incentive distribution rights		(4,807)		(19,067)		(9,387)		(45,948)
Limited partner interest in net income	$	65,717		61,826		153,965		197,212
Net income per limited partner unit - basic and diluted	$	0.37		0.33		0.87		1.06
Weighted average limited partner units  outstanding - basic		176,395		186,581		176,243		185,240
Weighted average limited partner units  outstanding - diluted		176,766		187,145		176,306		185,728