Earnings (Loss) per Unit

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings (Loss) per Unit

Earnings (Loss) per Unit

The following table sets forth the computation of basic and diluted earnings (loss) per unit (in thousands, except per unit amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic and Diluted:
Net income (loss)	$	(7,232)	$	18,191	$	68,845	$	12,965
Weighted-average units	119,994		119,994		119,994		119,994
Basic and diluted net earnings (loss) per unit	$	(0.06)	$	0.15	$	0.57	$	0.11

There are 26,671,594 Class B units and 1,000 Class C units of Parent issued to certain employees or directors of the Company which were not included in the calculation of basic or diluted EPS for the three months ended September 30, 2020 and 2019 and for the nine months ended September 30, 2020 and 2019, as the Class B and Class C units do not represent potential units of the Company.