| Schedule of Basic and Diluted Earnings per Share |
Weighted average units
outstanding reflect the unit distribution that occurred on
June 27, 2013.
Three months ended
June 30, 2013:
Basic weighted average
units outstanding:
|
|
|
|
|
|
Incremental units
(1)
|
|
|
592,455 |
|
|
Basic weighted average
units outstanding
|
|
|
10,316,636 |
|
|
|
|
|
|
|
Total pro forma units
for purposes of calculating pro forma basic net income per
unit
|
|
|
10,909,091 |
|
|
|
|
|
|
| (1) |
Represents incremental
units which are assumed to fund the cash distributions to partners
as such cash distributions exceed current year pro forma
earnings. |
|
|
|
|
|
|
Distribution to be made
prior to the closing of the offering
|
|
$ |
10,000,000 |
|
|
Pro forma net
income
|
|
|
3,483,000 |
|
|
|
|
|
|
|
Distributions in excess of
pro forma net income
|
|
$ |
6,517,000 |
|
|
IPO offering
price
|
|
$ |
11.00 |
|
|
|
|
|
|
|
Incremental
units
|
|
|
592,455 |
|
Diluted weighted average
units outstanding:
|
|
|
|
|
|
Incremental
units
|
|
|
592,455 |
|
|
Diluted weighted average
units outstanding (2)
|
|
|
10,553,726 |
|
|
|
|
|
|
|
Total pro forma diluted
units for purposes of calculating pro forma net income per
unit
|
|
|
11,146,181 |
|
|
|
|
|
|
| (2) |
Includes 237,089
performance units which are conditionally issuable units that would
be issuable if June 30, 2013 was the end of the contingency
period. |
Six months ended
June 30, 2013:
Basic weighted average
units outstanding:
|
|
|
|
|
|
Incremental units
(1)
|
|
|
276,582 |
|
|
Basic weighted average
units outstanding
|
|
|
10,421,071 |
|
|
|
|
|
|
|
Total pro forma units
for purposes of calculating pro forma basic net income per
unit
|
|
|
10,697,653 |
|
|
|
|
|
|
| (1) |
Represents incremental
units which are assumed to fund the cash distributions to partners
as such cash distributions exceed current year pro forma
earnings. |
|
|
|
|
|
|
Distribution to be made
prior to the closing of the IPO
|
|
$ |
10,000,000 |
|
|
Pro forma net
income
|
|
|
6,957,600 |
|
|
|
|
|
|
|
Distributions in excess of
pro forma net income
|
|
$ |
3,042,400 |
|
|
IPO offering
price
|
|
$ |
11.00 |
|
|
|
|
|
|
|
Incremental
units
|
|
|
276,582 |
|
Diluted weighted average
units outstanding:
|
|
|
|
|
|
Incremental
units
|
|
|
276,582 |
|
|
Diluted weighted average
units outstanding (2)
|
|
|
10,658,161 |
|
|
|
|
|
|
|
Total pro forma diluted
units for purposes of calculating pro forma net income per
unit
|
|
|
10,934,743 |
|
|
|
|
|
|
| (2) |
Includes 237,089
performance units which are conditionally issuable units that would
be issuable if June 30, 2013 was the end of the contingency
period. |
|