Earnings Per Limited Partner Unit (Tables)

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income Allocation and Per Unit Data

The following table presents the net income allocation and per unit data:

	Three Months Ended				Six Months Ended
Basic and Diluted Earnings Per Limited Partner:	March 31,				March 31,
(in thousands, except per unit data)	2023		2022		2023		2022
Net income	$	62,041	$	81,379	$	75,580	$	95,868
Less General Partner’s interest in net income		562		697		684		819
Net income available to limited partners		61,479		80,682		74,896		95,049
Less dilutive impact of theoretical distribution of earnings *		10,990		14,707		12,714		16,599
Limited Partner’s interest in net income	$	50,489	$	65,975	$	62,182	$	78,450
Per unit data:
Basic and diluted net income available to limited partners	$	1.72	$	2.14	$	2.09	$	2.49
Less dilutive impact of theoretical distribution of earnings *		0.30		0.39		0.35		0.44
Limited Partner’s interest in net income	$	1.42	$	1.75	$	1.74	$	2.05
Weighted average number of Limited Partner units outstanding		35,653		37,634		35,786		38,218

* In any accounting period where the Company’s aggregate net income exceeds its aggregate distribution for such period, the Company is required to present net income per Limited Partner unit as if all of the earnings for the period were distributed, based on the terms of the Partnership agreement, regardless of whether those earnings would actually be distributed during a particular period from an economic or practical perspective. This allocation does not impact the Company’s overall net income or other financial results.