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PARTNERS' EQUITY OF THE PARENT COMPANY
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
PARTNERS' EQUITY OF THE PARENT COMPANY
12. PARTNERS' EQUITY OF THE PARENT COMPANY
Earnings per Common Partnership Unit
The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):
Three Months Ended March 31,
20222021
BasicDilutedBasicDiluted
Numerator
Net income$6,101 $6,101 $6,964 $6,964 
Net loss attributable to noncontrolling interests2 2 1 1 
Nonforfeitable dividends allocated to unvested restricted unitholders(148)(148)(146)(146)
Net income attributable to common unitholders$5,955 $5,955 $6,819 $6,819 
Denominator
Weighted-average units outstanding171,927,588 171,927,588 171,606,375 171,606,375 
Contingent securities/Share based compensation— 1,594,045 — 1,011,379 
Total weighted-average units outstanding171,927,588 173,521,633 171,606,375 172,617,754 
Earnings per Common Partnership Unit:
Net income attributable to common unitholders$0.03 $0.03 $0.04 $0.04 
Unvested restricted units are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per unit. For the three months ended March 31, 2022 and 2021, earnings representing nonforfeitable dividends were allocated to the unvested restricted units issued to the Parent Company's executives and other employees under the Parent Company's shareholder-approved long-term incentive plan.
Common Partnership Units
On February 23, 2022, the Operating Partnership declared a distribution of $0.19 per common partnership unit, totaling $32.8 million, which was paid on April 20, 2022 to unitholders of record as of April 6, 2022.
In connection with the Parent Company’s common share repurchase program, one common unit of the Operating Partnership is retired for each common share repurchased. During the three months ended March 31, 2022 and March 31, 2021, the Company did not repurchase any units.