MEMBERS' EQUITY

3 Months Ended

Mar. 31, 2014

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, 2013	$	349,986
Net income	13,646
Distributions to unitholders	(23,249		)
Other comprehensive loss	(948		)
Unit-based compensation	86
Balance as of March 31, 2014	$	339,521

Accumulated Other Comprehensive Income

The following table presents balances of and changes in accumulated other comprehensive income by component:

	Share of NuStar Energy’s Other Comprehensive Loss			Pension and Other Postretirement Benefit Plan Adjustments			Accumulated Other Comprehensive Income (Loss)
	(Thousands of Dollars)
Balance as of January 1, 2014	$	(9,417	)	$	18,358		$	8,941
Other comprehensive loss before reclassification adjustments	(219		)	—			(219		)
Amounts reclassified from accumulated other comprehensive loss (a)	—			(729		)	(729		)
Other comprehensive loss	(219		)	(729		)	(948		)
Balance as of March 31, 2014	$	(9,636	)	$	17,629		$	7,993

(a) We recognized the net loss reclassified into income as general and administrative expenses. These amounts are components of net periodic pension cost and NuStar Energy reimburses us for these employee costs. See Note 11 for details of our net periodic pension cost.

Cash Distributions

The following table summarizes our cash distributions applicable to the period in which the distributions were earned:

	Three Months Ended March 31,
	2014		2013
	(Thousands of Dollars, Except Per Unit Data)
Cash distributions per unit	$	0.545	$	0.545
Total cash distributions	$	23,248	$	23,222

The following table summarizes information related to our quarterly cash distributions:

Quarter Ended	Cash Distributions Per Unit		Total Cash Distributions (Thousands of Dollars)		Record Date	Payment Date
March 31, 2014 (a)	$	0.545	$	23,248	May 7, 2014	May 15, 2014
December 31, 2013	$	0.545	$	23,249	February 10, 2014	February 18, 2014

(a) The distribution was announced on April 23, 2014.