Net Income per Unit

3 Months Ended

Mar. 31, 2023

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,
		2023		2022
		(in thousands, except per unit amounts)

Net income – basic		$	67,437	$	85,928
Additional allocation of equity in net income attributable to AB resulting from assumed dilutive effect of compensatory options		—		2
Net income – diluted		$	67,437	$	85,930

Weighted average units outstanding – basic		113,547		99,202
Dilutive effect of compensatory options		—		3
Weighted average units outstanding – diluted		113,547		99,205

Basic net income per unit		$	0.59	$	0.87
Diluted net income per unit		$	0.59	$	0.87

There were no anti-dilutive options excluded from diluted net income in the three months ended March 31, 2023 or 2022.