MEMBERS' EQUITY

3 Months Ended

Mar. 31, 2013

MEMBERS’ EQUITY [Abstract]

MEMBERS' EQUITY

MEMBERS’ EQUITY

The following table presents changes to our members’ equity (in thousands):

Balance as of December 31, 2012	$	412,822
Net income	11,075
Distributions to unitholders	(23,223		)
Other comprehensive income	197
Unit-based compensation	(55		)
Balance as of March 31, 2013	$	400,816

Accumulated Other Comprehensive Loss

The following table presents changes in accumulated other comprehensive loss by component (in thousands):

	Share of NuStar Energy's Other Comprehensive Loss			Pension and Other Postretirement Benefit Plan Adjustments			Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2012	$	(8,743	)	$	(23,279	)	$	(32,022	)
NuStar Energy other comprehensive loss adjustment	(313		)	—			(313		)
Net loss reclassified into income:
Amortization of prior service credit (a)	—			(60		)	(60		)
Amortization of net loss (a)	—			570			570
Other comprehensive (loss) income	(313		)	510			197
Balance as of March 31, 2013	$	(9,056	)	$	(22,769	)	$	(31,825	)

(a) Amounts are reclassified into general and administrative expense and NuStar Energy reimburses NuStar GP, LLC for these employee costs.

Cash Distributions

The table set forth below shows our cash distributions applicable to the period in which the distributions were earned:

	Three Months Ended March 31,
	2013		2012
	(Thousands of Dollars, Except Per Unit Data)
Cash distributions per unit	$	0.545	$	0.510
Total cash distributions	$	23,222	$	21,720

On February 19, 2013, we paid a quarterly cash distribution totaling $23.2 million, or $0.545 per unit, related to the fourth quarter of 2012. On April 24, 2013, we announced a quarterly cash distribution of $0.545 per unit related to the first quarter of 2013. This distribution will be paid on May 15, 2013 to unitholders of record on May 6, 2013, and totals $23.2 million.