Net Income per Unit

3 Months Ended

Mar. 31, 2022

Earnings Per Unit [Abstract]

Net Income per Unit

Net Income per UnitBasic 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,
		2022		2021
	(in thousands, except per unit amounts)
Net income – basic		$	85,928	$	81,087
Additional allocation of equity in net income attributable to AB resulting from assumed dilutive effect of compensatory options		2		18
Net income – diluted		$	85,930	$	81,105
Weighted average units outstanding – basic		99,202		100,146
Dilutive effect of compensatory options		3		32
Weighted average units outstanding – diluted		99,205		100,178
Basic net income per unit		$	0.87	$	0.81
Diluted net income per unit		$	0.87	$	0.81

There were no anti-dilutive options excluded from diluted net income in the three months ended March 31, 2022 or 2021