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EARNINGS PER UNIT (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of weighted average units outstanding used in computing basic and diluted earnings per unit
The following table is a reconciliation of the weighted average units outstanding used in computing the basic and diluted earnings per unit for the periods indicated (in thousands, except per unit amounts):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Net income attributable to Buckeye Partners, L.P.
$
156,374

 
$
100,040

 
$
427,943

 
$
303,231

 
 
 
 
 
 
 
 
Basic:
 

 
 

 
 

 
 

    Weighted average units outstanding - basic
131,113

 
128,329

 
130,439

 
127,722

 
 
 
 
 
 
 
 
Earnings per unit - basic
$
1.19

 
$
0.78

 
$
3.28

 
$
2.37

 
 
 
 
 
 
 
 
Diluted:
 

 
 

 
 

 
 

Weighted average units outstanding - basic
131,113

 
128,329

 
130,439

 
127,722

Dilutive effect of LP Unit options and LTIP awards granted
827

 
577

 
637

 
519

    Weighted average units outstanding - diluted
131,940

 
128,906

 
131,076

 
128,241

 
 
 
 
 
 
 
 
Earnings per unit - diluted
$
1.19

 
$
0.78

 
$
3.26

 
$
2.36