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NET INCOME PER LIMITED PARTNER UNIT
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
NET INCOME PER LIMITED PARTNER UNIT
NET INCOME PER LIMITED PARTNER UNIT

For purposes of calculating earnings per unit, the excess of distributions over earnings or excess of earnings over distributions for each period are allocated to the Partnership’s General Partner based on the General Partner’s ownership interest at the time. The following sets forth the computation of basic and diluted net income per common unit (in thousands, except per unit data): 
 
Three Months ended
June 30,
 
Six Months ended
June 30,
 
2015
 
2016
 
2015
 
2016
Net income (loss)
$
7,710

 
$
(18,936
)
 
$
9,289

 
$
(18,210
)
General partner interest in net income (loss)
241

 
(195
)
 
344

 
(51
)
Preferred interest in net income
5,391

 
5,389

 
10,782

 
10,780

Income (loss) available to limited partners
$
2,078

 
$
(24,130
)
 
$
(1,837
)
 
$
(28,939
)
 
 
 
 
 
 
 
 
Basic and diluted weighted average number of units:
 
 
 
 
 
 
 
Common units
32,915

 
33,206

 
32,905

 
33,191

Restricted and phantom units
741

 
906

 
652

 
761

 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per common unit
$
0.06

 
$
(0.71
)
 
$
(0.05
)
 
$
(0.85
)