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Income (Loss) Per Common Unit (Tables)
3 Months Ended
Jun. 30, 2017
Earnings Per Unit [Abstract]  
Schedule of weighted average number of units
The following table presents our calculation of basic and diluted weighted average units outstanding for the periods indicated:
 
Three Months Ended June 30,
 
2017
 
2016
Weighted average units outstanding during the period:
 
 
 
Common units - Basic
120,535,909

 
104,169,573

Effect of Dilutive Securities:
 
 
 
Warrants

 
4,341,991

Class A Preferred Units

 
19,942,169

Common units - Diluted
120,535,909

 
128,453,733


For the three months ended June 30, 2017, Class A Preferred Units (as defined herein), warrants, Performance Awards (as defined herein), and Service Awards (as defined herein) were considered antidilutive. For the three months ended June 30, 2016, the Service Awards and Performance Awards were considered antidilutive.
Schedule of income (loss) per common unit
Our income (loss) per common unit is as follows for the periods indicated:
 
Three Months Ended June 30,
 
2017
 
2016
 
(in thousands, except unit and per unit amounts)
Net (loss) income
$
(63,707
)
 
$
182,753

Less: Net income attributable to noncontrolling interests
(52
)
 
(5,833
)
Less: Net loss attributable to redeemable noncontrolling interests
397

 

Net (loss) income attributable to NGL Energy Partners LP
(63,362
)
 
176,920

Less: Distributions to preferred unitholders
(9,684
)
 
(3,384
)
Less: Net loss (income) allocated to general partner (1)
40

 
(203
)
Less: Repurchase of warrants (2)
(349
)
 

Net (loss) income allocated to common unitholders (basic)
(73,355
)
 
173,333

Effect of dilutive securities

 
3,381

Net (loss) income allocated to common unitholders (diluted)
$
(73,355
)
 
$
176,714

Basic (loss) income per common unit
$
(0.61
)
 
$
1.66

Diluted (loss) income per common unit
$
(0.61
)
 
$
1.38

Basic weighted average common units outstanding
120,535,909

 
104,169,573

Diluted weighted average common units outstanding
120,535,909

 
128,453,733

 
(1)
Net loss (income) allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights, which are discussed in Note 10.
(2)
This amount represents the excess of the repurchase price over the fair value of the warrants, as discussed further in Note 10.