The following provides a reconciliation of net income and the allocation of net income to the limited partners’ interest for purposes of computing net income per limited partner unit for the three and six months ended June 30, 2013 (in thousands, except unit, and per unit amounts):

	Three Months Ended June 30, 2013
	Common Units			Subordinated Units
Numerator:
Net income	$	2,735		$	2,734

Declared distributions (1)	3,594			3,593
Allocation of distributions in excess of net income (2)	(859		)	(859		)
Limited partners’ interest in net income	$	2,735		$	2,734

Denominator:
Basic and diluted weighted average limited partnership units outstanding (3)	7,526,044			7,525,000
Basic and diluted net income per limited partnership unit	$	0.363		$	0.363

	Six Months Ended June 30, 2013
	Common Units			Subordinated Units
Numerator:
Net income	$	4,613		$	4,613

Declared distributions (1)	$	6,999		$	6,998
Allocation of distributions in excess of net income (2)	(2,386		)	(2,385		)
Limited partners’ interest in net income	$	4,613		$	4,613

Denominator:
Basic and diluted weighted average limited partnership units outstanding (3)	7,525,952			7,525,000
Basic and diluted net income per limited partnership unit	$	0.613		$	0.613

(1) Distribution declared per unit was $0.4775 and $0.93 for the three and six months ended June 30, 2013, respectively, as further described below.

(2) Allocation of distributions in excess of net income is based on a pro rata proportion to the common and subordinated units as outlined in the Partnership Agreement.

(3) For purposes of calculating diluted weighted average limited partnership units outstanding, all outstanding phantom units were excluded from the calculation as they were anti-dilutive.