XML 59 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Long Term Liabilities
9 Months Ended
Sep. 30, 2012
Leases [Abstract]  
Other Long-term Liabilities

(4) Other Long-term Liabilities

 

Prior to January 1, 2011, the Partnership entered into 9 and 10-year capital leases for certain equipment. Assets under capital leases as of September 30, 2012 are summarized as follows (in thousands):

 

 

Compressor equipment $ 37,199 
Less: Accumulated amortization   (12,950) 
Net assets under capital leases $ 24,249 
      
The following are the minimum lease payments to be made in each of the following years indicated for the capital leases in effect as of September 30, 2012 (in thousands): 
     

 2012 $ 1,146 
 2013 through 2016 ($4,582 annually)   18,328 
 Thereafter    12,100 
 Less: Interest    (5,525) 
 Net minimum lease payments under capital lease    26,049 
 Less: Current portion of net minimum lease payments    (4,448) 
 Long-term portion of net minimum lease payments  $ 21,601 

Other long-term liabilities also include an inactive easement commitment of $7.1 million (net of discount of $2.9 million) assumed with the Clearfield acquisition which is due over the next 10 years as such easements are utilized and a long-term liability of $3.2 million assumed with the Clearfield acquisition for consulting services from the affiliate of the seller which is payable in monthly installments of $0.08 million over the next 5 years with a contract cancellation option by the affiliate of the seller in July 2014 that would cause the remaining liability to be payable at such time.