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Earnings Per Unit (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
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:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
(in thousands, except per unit amounts)
NET INCOME (LOSS)
 
$
28,690

 
$
54,174

 
$
70,647

 
$
115,757

Net (income) loss attributable to noncontrolling interests
 
48

 
16

 
22

 
7

Distributions on Series A redeemable preferred units
 

 
(672
)
 
(25
)
 
(1,786
)
Distributions on Series B cumulative convertible preferred units
 
(5,250
)
 

 
$
(10,500
)
 
$

NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON AND SUBORDINATED UNITS
 
$
23,488

 
$
53,518

 
$
60,144

 
$
113,978

ALLOCATION OF NET INCOME (LOSS):
 
 
 
 

 
 
 
 

General partner interest
 
$

 
$

 
$

 
$

Common units
 
17,540

 
32,100

 
41,877

 
67,617

Subordinated units
 
5,948

 
21,418

 
18,267

 
46,361

 
 
$
23,488

 
$
53,518

 
$
60,144

 
$
113,978

NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON AND SUBORDINATED UNIT:
 
 

 
 

 
 

 
 

Per common unit (basic)
 
$
0.17

 
$
0.33

 
$
0.40

 
$
0.69

Weighted average common units outstanding (basic)
 
105,250

 
97,990

 
104,516

 
97,448

Per subordinated unit (basic)
 
$
0.06

 
$
0.22

 
$
0.19

 
$
0.49

Weighted average subordinated units outstanding (basic)
 
96,329

 
95,388

 
95,864

 
95,269

Per common unit (diluted)
 
$
0.17

 
$
0.33

 
$
0.40

 
$
0.69

Weighted average common units outstanding (diluted)
 
105,250

 
97,990

 
104,516

 
97,448

Per subordinated unit (diluted)
 
$
0.06

 
$
0.22

 
$
0.19

 
$
0.49

Weighted average subordinated units outstanding (diluted)
 
96,329

 
95,388

 
95,864

 
95,269