EARNINGS PER COMMON UNIT (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of basic and diluted net income per common unit

A reconciliation of the components of basic and diluted earnings per common unit is presented in the table below:


	Three Months Ended March 31,
	2021		2020
	(In thousands, except per unit amounts)
Net income (loss) attributable to the period	$	(3,020)	$	(142,169)
Less: net gain (loss) allocated to participating securities(1)	(24)		(20)
Net income (loss) attributable to common unitholders	$	(3,044)	$	(142,189)


Weighted average common units outstanding:
Basic weighted average common units outstanding	65,360		67,822
Effect of dilutive securities:
Potential common units issuable(2)	—		1
Diluted weighted average common units outstanding	65,360		67,823
Net income (loss) per common unit, basic	$	(0.05)	$	(2.10)
Net income (loss) per common unit, diluted	$	(0.05)	$	(2.10)

(1) Distribution equivalent rights granted to employees are considered participating securities.

(2) For the three months ended March 31, 2021, 112,436 potential common units were excluded from the computation of diluted earnings per common unit because their inclusion would have been anti-dilutive as a result of recording a net loss attributable to the common unitholders for the period.