EARNINGS PER UNIT (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common and Subordinated Unit

The following table sets forth the computation of basic and diluted earnings per common unit:

	Three Months Ended March 31,
	2022		2021
	(in thousands, except per unit amounts)
NET INCOME (LOSS)	$	(7,002)	$	16,186
Distributions on Series B cumulative convertible preferred units	(5,250)		(5,250)
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS	$	(12,252)	$	10,936
ALLOCATION OF NET INCOME (LOSS):
General partner interest	$	—	$	—
Common units	(12,252)		10,936
	$	(12,252)	$	10,936
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:
Per common unit (basic)	$	(0.06)	$	0.05
Per common unit (diluted)	$	(0.06)	$	0.05
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:
Weighted average common units outstanding (basic)	209,323		207,442
Effect of dilutive securities	—		—
Weighted average common units outstanding (diluted)	209,323		207,442

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following units of potentially dilutive securities were excluded from the computation of diluted weighted average units outstanding because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2022	2021
	(in thousands)
Potentially dilutive securities (common units):
Series B cumulative convertible preferred units on an as-converted basis	14,969	14,969