NET INCOME PER LIMITED PARTNER UNIT

6 Months Ended

Jun. 30, 2019

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,
	2018			2019			2018			2019
Net income	$	1,785		$	3,356		$	6,227		$	7,113
General partner interest in net income	28			53			259			158
Preferred interest in net income	6,279			6,279			12,557			12,558
Net loss available to limited partners	$	(4,522	)	$	(2,976	)	$	(6,589	)	$	(5,603	)

Basic and diluted weighted average number of units:
Common units	40,324			40,715			40,306			40,696
Restricted and phantom units	1,133			1,076			983			904
Total units	41,457			41,791			41,289			41,600

Basic and diluted net loss per common unit	$	(0.11	)	$	(0.07	)	$	(0.16	)	$	(0.13	)