| Computation of Basic and Diluted Earnings per Common and Subordinated Unit |
The following table sets forth the computation of basic and diluted earnings per common and subordinated unit:
|
|
|
For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
|
(In thousands, except per unit amounts) |
|
|
(In thousands, except per unit amounts) |
|
|
Net loss |
|
$ |
(20,810 |
) |
|
$ |
(122,766 |
) |
|
$ |
(10,061 |
) |
|
$ |
(105,467 |
) |
|
Net (income) loss attributable to Predecessor |
|
|
— |
|
|
|
16,849 |
|
|
|
— |
|
|
|
(450 |
) |
|
Net loss attributable to noncontrolling interests subsequent to initial public offering |
|
|
9 |
|
|
|
140 |
|
|
|
7 |
|
|
|
140 |
|
|
Distributions on redeemable preferred units subsequent to initial public offering |
|
|
(1,310 |
) |
|
|
(1,810 |
) |
|
|
(3,114 |
) |
|
|
(1,810 |
) |
|
Net loss attributable to the general partner and common and subordinated units subsequent to initial public offering |
|
$ |
(22,111 |
) |
|
$ |
(107,587 |
) |
|
$ |
(13,168 |
) |
|
$ |
(107,587 |
) |
|
Allocation of net income (loss) subsequent to initial public offering attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General partner interest |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Common units |
|
|
(7,445 |
) |
|
|
(54,109 |
) |
|
|
862 |
|
|
|
(54,109 |
) |
|
Subordinated units |
|
|
(14,666 |
) |
|
|
(53,478 |
) |
|
|
(14,030 |
) |
|
|
(53,478 |
) |
|
|
|
$ |
(22,111 |
) |
|
$ |
(107,587 |
) |
|
$ |
(13,168 |
) |
|
$ |
(107,587 |
) |
|
Net income (loss) attributable to limited partners per common and subordinated units: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per common unit (basic) |
|
$ |
(0.08 |
) |
|
$ |
(0.56 |
) |
|
$ |
0.01 |
|
|
$ |
(0.56 |
) |
|
Weighted average common units outstanding (basic) |
|
|
96,356 |
|
|
|
96,178 |
|
|
|
96,418 |
|
|
|
96,178 |
|
|
Per subordinated unit (basic) |
|
$ |
(0.15 |
) |
|
$ |
(0.56 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.56 |
) |
|
Weighted average subordinated units outstanding (basic) |
|
|
95,189 |
|
|
|
95,057 |
|
|
|
95,092 |
|
|
|
95,057 |
|
|
Per common unit (diluted) |
|
$ |
(0.08 |
) |
|
$ |
(0.56 |
) |
|
$ |
0.01 |
|
|
$ |
(0.56 |
) |
|
Weighted average common units outstanding (diluted) |
|
|
96,418 |
|
|
|
96,178 |
|
|
|
96,481 |
|
|
|
96,178 |
|
|
Per subordinated unit (diluted) |
|
$ |
(0.15 |
) |
|
$ |
(0.56 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.56 |
) |
|
Weighted average subordinated units outstanding (diluted) |
|
|
95,092 |
|
|
|
95,057 |
|
|
|
95,092 |
|
|
|
95,057 |
|
|