| EARNINGS PER UNIT The partnership computes earnings per unit using the two-class method. Earnings per unit applicable to common units is calculated by dividing the respective limited partners’ interest in net income by the weighted average number of common units outstanding during the period, adjusted for the dilutive effect of any outstanding dilutive securities. Diluted earnings per limited partner unit was the same as basic earnings per limited partner unit as there were no potentially dilutive common units outstanding as of September 30, 2022. The following tables show the calculation of earnings per limited partner unit – basic and diluted (in thousands, except for per unit data): | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, 2022 | | Limited Partner Common Units | | General Partner | | Total | | Net income: | | | | | | | Distributions declared | $ | 10,577 | | | $ | 216 | | | $ | 10,793 | | | Earnings less than distributions | (615) | | | (12) | | | (627) | | | Total net income | $ | 9,962 | | | $ | 204 | | | $ | 10,166 | | | | | | | | | Weighted-average units outstanding - basic and diluted | 23,228 | | | | | | | | | | | | | Earnings per limited partner unit - basic and diluted | $ | 0.43 | | | | | |
| | | | | | | | | | | | | | | | | | | Nine Months Ended
September 30, 2022 | | Limited Partner Common Units | | General Partner | | Total | | Net income: | | | | | | | Distributions declared | $ | 31,375 | | | $ | 640 | | | $ | 32,015 | | | Earnings less than distributions | (961) | | | (19) | | | (980) | | | Total net income | $ | 30,414 | | | $ | 621 | | | $ | 31,035 | | | | | | | | | Weighted-average units outstanding - basic and diluted | 23,215 | | | | | | | | | | | | | Earnings per limited partner unit - basic and diluted | $ | 1.31 | | | | | |
| | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, 2021 | | Limited Partner Common Units | | General Partner | | Total | | Net income: | | | | | | | Distributions declared | $ | 10,104 | | | $ | 206 | | | $ | 10,310 | | Earnings less than distributions | (867) | | | (18) | | | (885) | | | Total net income | $ | 9,237 | | | $ | 188 | | | $ | 9,425 | | | | | | | | | Weighted-average units outstanding - basic and diluted | 23,208 | | | | | | | | | | | | | Earnings per limited partner unit - basic and diluted | $ | 0.40 | | | | | |
| | | | | | | | | | | | | | | | | | | Nine Months Ended
September 30, 2021 | | Limited Partner Common Units | | General Partner | | Total | | Net income: | | | | | | | Distributions declared | $ | 15,676 | | | $ | 320 | | | $ | 15,996 | | | Earnings in excess of distributions | 14,165 | | | 289 | | | 14,454 | | | Total net income | $ | 29,841 | | | $ | 609 | | | $ | 30,450 | | | | | | | | | Weighted-average units outstanding - basic and diluted | 23,177 | | | | | | | | | | | | | Earnings per limited partner unit - basic and diluted | $ | 1.29 | | | | | |
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