XML 68 R48.htm IDEA: XBRL DOCUMENT v3.20.4
Partners' Capital of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Unit
The Operating Partnership's earnings per unit for the years ended December 31, 2020, 2019, and 2018 respectively are computed as follows (in thousands):
Year Ended December 31,
Numerator202020192018
Basic Earnings:
Income attributable to SLGOP common unitholders$376,121 $268,785 $244,528 
Less: distributed earnings allocated to participating securities
(1,687)$(1,702)$(1,042)
Less: undistributed earnings allocated to participating securities
(83)— — 
Net Income attributable to SLGOP common unitholders (numerator for basic earnings per unit)$374,351 $267,083 $243,486 
Add back: Dilutive effect of earnings allocated to participating securities
1,770 1,702 1,042 
Income attributable to SLGOP common unitholders$376,121 $268,785 $244,528 
Year Ended December 31,
Denominator202020192018
Basic units:
Weighted average common units outstanding76,647 83,690 88,652 
Effect of Dilutive Securities:
Stock-based compensation plans441 544 419 
Contingently issuable units from special dividend declared December 4, 2020155 — — 
Diluted weighted average common units outstanding77,243 84,234 89,071