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Income (Loss) Per Common Unit
 12 Months Ended
Mar. 31, 2019
Earnings Per Unit [Abstract]  
Income (Loss) Per Common Unit Income (Loss) Per Common Unit

The following table presents our calculation of basic and diluted weighted average common units outstanding for the periods indicated:
 
 
Year Ended March 31,
 
 
2019
 
2018
 
2017
Weighted average common units outstanding during the period:
 
 
 
 
 
 
Common units - Basic
 
123,017,064

 
120,991,340

 
108,091,486

Effect of Dilutive Securities:
 
 
 
 
 
 
Performance awards
 
—

 
—

 
173,087

Warrants
 
—

 
—

 
3,586,048

Common units - Diluted
 
123,017,064

 
120,991,340

 
111,850,621


For the year ended March 31, 2019, the Service Awards (as defined herein), warrants and the Class A Preferred Units (as defined herein) were considered antidilutive. Due to the termination of the Performance Award plan (see Note 10), there were no outstanding Performance Awards (as defined herein) as of March 31, 2019. For the year ended March 31, 2018, the Service Awards, Performance Awards, warrants and Class A Preferred Units were considered antidilutive. For the year ended March 31, 2017, the Service Awards and Class A Preferred Units were considered antidilutive.

Our income (loss) per common unit is as follows for the periods indicated:
 
 
Year Ended March 31,
 
 
2019
 
2018
 
2017
 
 
(in thousands, except unit and per unit amounts)
(Loss) income from continuing operations
 
$
(63,724
)
 
$
(226,385
)
 
$
94,802

Less: Continuing operations loss (income) attributable to noncontrolling interests
 
20,206

 
(240
)
 
(6,832
)
Net (loss) income from continuing operations attributable to NGL Energy Partners LP
 
(43,518
)
 
(226,625
)
 
87,970

Less: Distributions to preferred unitholders (1)
 
(111,936
)
 
(59,697
)
 
(30,142
)
Less: Continuing operations net loss (income) allocated to general partner (2)
 
17

 
150

 
(183
)
Less: Repurchase of warrants (3)
 
—

 
(349
)
 
—

Net (loss) income from continuing operations allocated to common unitholders
 
$
(155,437
)
 
$
(286,521
)
 
$
57,645

 
 
 
 
 
 
 
Income from discontinued operations, net of tax
 
$
403,119

 
$
156,780

 
$
49,072

Less: Discontinued operations loss (income) attributable to redeemable noncontrolling interests
 
446

 
(1,030
)
 
—

Less: Discontinued operations income allocated to general partner (2)
 
(404
)
 
(155
)
 
(49
)
Net income from discontinued operations allocated to common unitholders
 
$
403,161

 
$
155,595

 
$
49,023

 
 
 
 
 
 
 
Net income (loss) allocated to common unitholders
 
$
247,724

 
$
(130,926
)
 
$
106,668

 
 
 
 
 
 
 
Basic income (loss) per common unit
 
 
 
 
 
 
(Loss) income from continuing operations
 
$
(1.26
)
 
$
(2.37
)
 
$
0.53

Income from discontinued operations, net of tax
 
$
3.28

 
$
1.29

 
$
0.45

Net income (loss)
 
$
2.01

 
$
(1.08
)
 
$
0.99

Diluted income (loss) per common unit
 
 
 
 
 
 
(Loss) income from continuing operations
 
$
(1.26
)
 
$
(2.37
)
 
$
0.52

Income from discontinued operations, net of tax
 
$
3.28

 
$
1.29

 
$
0.44

Net income (loss)
 
$
2.01

 
$
(1.08
)
 
$
0.95

Basic weighted average common units outstanding
 
123,017,064

 
120,991,340

 
108,091,486

Diluted weighted average common units outstanding
 
123,017,064

 
120,991,340

 
111,850,621

 
(1)
This amount includes the distribution to preferred unitholders as well as the accretion for the beneficial conversion, as discussed further in Note 10.
(2)
Net (income) loss allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights.
(3)
This amount represents the excess of the repurchase price over the fair value of the warrants, as discussed further in Note 10.