Net Income Per Common Unit

6 Months Ended

Mar. 27, 2021

Earnings Per Share [Abstract]

Net Income Per Common Unit

9. Net Income Per Common Unit

Computations of basic income per Common Unit are performed by dividing net income by the weighted average number of outstanding Common Units, and vested (and unissued) restricted units granted under the Partnership’s Restricted Unit Plans, as defined below, to retirement-eligible grantees.  Computations of diluted income per Common Unit are performed by dividing net income by the weighted average number of outstanding Common Units and unissued restricted units granted under the Restricted Unit Plans.  In computing diluted net income per Common Unit, weighted average units outstanding used to compute basic net income per Common Unit were increased by 344,387 and 327,743 units for the three and six months ended March 27, 2021, respectively, and 342,384 and 339,315 for the three and six months ended March 28, 2020, respectively, to reflect the potential dilutive effect of the unvested restricted units outstanding using the treasury stock method.