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GENERAL (Tables)
6 Months Ended
Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Reconciliation of Net Income (Loss) Allocated to Common Limited Partners

The following is a reconciliation of net loss allocated to the common limited partners for purposes of calculating net loss attributable to common limited partners per unit (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net loss

 

$

(34,398

)

 

$

(17,017

)

 

$

(56,932

)

 

$

(34,940

)

Less: Incentive distribution right (“IDR”) payments to general partner

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net loss to allocate to general and limited partners

 

 

(34,398

)

 

 

(17,017

)

 

 

(56,932

)

 

 

(34,940

)

General partner’s interest excluding IDRs

 

 

(357

)

 

 

(177

)

 

 

(592

)

 

 

(364

)

Net loss attributable to common limited partners

 

$

(34,041

)

 

$

(16,840

)

 

$

(56,340

)

 

$

(34,576

)

Reconciliation of Partnership's Weighted Average Number of Common Limited Partner Units

The following table sets forth the reconciliation of the Partnership’s weighted average number of common limited partner units used to compute basic net loss attributable to common limited partners per unit with those used to compute diluted net loss attributable to common limited partners per unit (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Weighted average number of common limited partner units—basic

 

 

39,329

 

 

 

37,958

 

 

 

39,115

 

 

 

37,958

 

Plus effect of dilutive incentive awards(1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average number of common limited partner units—diluted

 

 

39,329

 

 

 

37,958

 

 

 

39,115

 

 

 

37,958

 

 

(1)

For the three and six months ended June 30, 2019, the diluted weighted average number of limited partner units outstanding presented on the unaudited condensed consolidated statement of operations does not include 201,995 and 203,433 units, respectively, as their effects would be anti-dilutive. In addition, all outstanding Preferred Units are exempt for purposes of calculating the diluted weighted average number of common limited partner units, as their conversion is not based on meeting a contingency derived from the Partnership’s unit price. The Preferred Units are convertible upon the completion of the Rights Offering, which is anticipated to occur early in the fourth quarter of 2019. For the three and six months ended June 30, 2018, the diluted weighted average number of limited partner units outstanding presented on the unaudited condensed consolidated statement of operations does not include 560,839 units, as their effects would be anti-dilutive.