Net Income per Unit

3 Months Ended

Mar. 31, 2020

Basic net income per unit is derived by dividing net income by the basic weighted average number of units outstanding for each period. Diluted net income per unit is derived by adjusting net income for the assumed dilutive effect of compensatory options (“Net income – diluted”) and dividing by the diluted weighted average number of units outstanding for each period.



	Three Months Ended March 31,
	2020		2019
	(in thousands, except per unit amounts)

Net income – basic	$	62,259	$	46,439
Additional allocation of equity in net income attributable to AB resulting from assumed dilutive effect of compensatory options	15		26
Net income – diluted	$	62,274	$	46,465

Weighted average units outstanding – basic	98,309		95,144
Dilutive effect of compensatory options	32		72
Weighted average units outstanding – diluted	98,341		95,216

Basic net income per unit	$	0.63	$	0.49
Diluted net income per unit	$	0.63	$	0.49

Three Months Ended
March 31,

(amounts as shown)

Anti-dilutive options excluded from diluted net income