Earnings per Unit

9 Months Ended

Dec. 31, 2013

Earnings per Unit

Earnings per Unit

Note 4 — Earnings per Unit

Our earnings per common and subordinated unit were computed as follows:

	Three Months Ended						Nine Months Ended
	December 31,						December 31,
	2013			2012			2013			2012
	(in thousands, except unit and per unit amounts)
Income attributable to parent equity	$	23,898		$	40,176		$	5,324		$	25,599
Income allocated to general partner(*)	(4,260		)	(942		)	(8,399		)	(1,731		)
Income allocated to limited partners	$	19,638		$	39,234		$	(3,075	)	$	23,868
Income allocated to:
Common unitholders	$	18,285		$	34,799		$	(1,780	)	$	20,843
Subordinated unitholders	$	1,353		$	4,435		$	(1,295	)	$	3,025
Weighted average common units outstanding	67,941,726			46,364,381			58,222,924			39,288,012
Weighted average subordinated units outstanding	5,919,346			5,919,346			5,919,346			5,919,346
Income per common unit - basic and diluted	$	0.27		$	0.75		$	(0.03	)	$	0.53
Income (loss) per subordinated unit - basic and diluted	$	0.23		$	0.75		$	(0.22	)	$	0.51

(*) The income allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights, which are described in Note 10.

The restricted units described in Note 10 were antidilutive for the three months and nine months ended December 31, 2013 and 2012.