Net Income Per Common Unit

9 Months Ended

Jun. 26, 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 464,597 and 379,808 units for the nine months ended June 26, 2021 and June 27, 2020, respectively, to reflect the potential dilutive effect of the unvested restricted units outstanding using the treasury stock method. Diluted loss per unit for the three months ended June 26, 2021 and June 27, 2020 does not include unvested Restricted Units (See Note 12) as their effect would be anti-dilutive.