Earnings Per Limited Partner Unit (Tables)

3 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Net Income Allocation and Per Unit Data

The following presents the net income allocation and per unit data using this method for the periods presented:

	Three Months Ended
Basic and Diluted Earnings Per Limited Partner:	December 31,
(in thousands, except per unit data)	2020		2019
Net income	$	37,860	$	27,755
Less General Partner’s interest in net income		296		192
Net income available to limited partners		37,564		27,563
Less dilutive impact of theoretical distribution of earnings *		6,332		4,351
Limited Partner’s interest in net income	$	31,232	$	23,212
Per unit data:
Basic and diluted net income available to limited partners	$	0.89	$	0.58
Less dilutive impact of theoretical distribution of earnings *		0.15		0.09
Limited Partner’s interest in net income	$	0.74	$	0.49
Weighted average number of Limited Partner units outstanding		42,246		47,266

*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.