Net Income per Unit (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Unit [Abstract]

Schedule of Earnings Per Unit, Basic and Diluted

Basic net income per unit is derived by dividing net income by the basic weighted average number of units outstanding for each period. Diluted net income per unit is derived by adjusting net income for the assumed dilutive effect of compensatory options (“Net income – diluted”) and dividing by the diluted weighted average number of units outstanding for each period.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(in thousands, except per unit amounts)
Net income – basic	$	127,195	$	56,991	$	317,940	$	184,986
Net income – diluted	$	127,195	$	56,991	$	317,940	$	184,986
Weighted average units outstanding – basic	114,042		113,185		114,592		113,407
Weighted average units outstanding – diluted	114,042		113,185		114,592		113,407
Basic net income per unit	$	1.12	$	0.50	$	2.77	$	1.63
Diluted net income per unit	$	1.12	$	0.50	$	2.77	$	1.63