MEMBERS' EQUITY

6 Months Ended

Jun. 30, 2013

MEMBERS’ EQUITY [Abstract]

MEMBERS' EQUITY

MEMBERS’ EQUITY

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

Balance as of December 31, 2012	$	412,822
Net income	23,634
Distributions to unitholders	(46,445		)
Other comprehensive income	286
Unit-based compensation	400
Balance as of June 30, 2013	$	390,697

Accumulated Other Comprehensive Loss

The following tables present changes in accumulated other comprehensive loss by component:

	Three Months Ended June 30, 2013
	Share of NuStar Energy’s Other Comprehensive Loss			Pension and Other Postretirement Benefit Plan Adjustments			Accumulated Other Comprehensive (Loss) Income
	(Thousands of Dollars)
Beginning Balance	$	(9,056	)	$	(22,769	)	$	(31,825	)
NuStar Energy other comprehensive loss adjustment	(421		)	—			(421		)
Net loss reclassified into income:
Amortization of prior service credit	—			(60		)	(60		)
Amortization of net loss	—			570			570
Other comprehensive (loss) income	(421		)	510			89
Ending Balance	$	(9,477	)	$	(22,259	)	$	(31,736	)

	Six Months Ended June 30, 2013
	Share of NuStar Energy’s Other Comprehensive Loss			Pension and Other Postretirement Benefit Plan Adjustments			Accumulated Other Comprehensive (Loss) Income
	(Thousands of Dollars)
Beginning Balance	$	(8,743	)	$	(23,279	)	$	(32,022	)
NuStar Energy other comprehensive loss adjustment	(734		)	—			(734		)
Net loss reclassified into income:
Amortization of prior service credit	—			(120		)	(120		)
Amortization of net loss	—			1,140			1,140
Other comprehensive (loss) income	(734		)	1,020			286
Ending Balance	$	(9,477	)	$	(22,259	)	$	(31,736	)

We recognized the net loss reclassified into income as general and administrative expense. 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 June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(Thousands of Dollars, Except Per Unit Data)
Cash distributions per unit	$	0.545	$	0.510	$	1.090	$	1.020
Total cash distributions	$	23,236	$	21,713	$	46,458	$	43,433

On May 15, 2013, we paid a quarterly cash distribution totaling $23.2 million, or $0.545 per unit, related to the first quarter of 2013. On July 26, 2013, we announced a quarterly cash distribution of $0.545 per unit related to the second quarter of 2013. This distribution will be paid on August 14, 2013 to unitholders of record on August 5, 2013, and totals $23.2 million.