2.2.0.25falsefalse0207 - Disclosure - Net Income (Loss) Per Unittruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011
USD ($)
USD ($) / shares
$FROM_Jan01_2011_TO_Mar31_2011http://www.sec.gov/CIK0001297067duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170EPUDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0UnitsStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_EarningsPerUnitAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0cpno_NetIncomeLossPerUnitTextBlockcpnofalsenadurationThis element may be used to capture the complete disclosure pertaining to an entity's earnings per unit.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Note 7</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> — </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Net Income </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(Loss) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Per Unit</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;">Net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">per unit is calculated in accordance with ASC</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">260, “</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Earnings Per Share,</font><font style="font-family:Times New Roman;font-size:10pt;">” which specifies the use of the two-class method of computing earnings per unit when participating or multiple classes of securities exist. Under this method, undistributed earnings for a period are allocated based on the contractual rights of each security to share in those earnings as if all of the earnings for the period had been distributed.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;">Basic net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">per unit excludes dilution and is computed by dividing net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">attributable to each respective class of units by the weighted average number of units outstanding for each respective class during the period. Dilutive net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">per unit reflects potential dilution that could occur if convertible securities were converted into common units or contracts to issue common units were exercised except when the assumed conversion or exercise would have an anti-dilutive effect on net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">per unit. Dilutive net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">per unit is computed by dividing net income </font><font style="font-family:Times New Roman;font-size:10pt;">(loss) </font><font style="font-family:Times New Roman;font-size:10pt;">attributable to each respective class of units by the weighted average number of units outstanding for each respective class of units during the period increased by the number of additional units that would have been outstanding if the dilutive potential units had been issued.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;">Because we had a net loss to common units for the three months ended March 31, 2011 and 2010, the weighted average units outstanding </font><font style="font-family:Times New Roman;font-size:10pt;">are the same for basic and diluted </font><font style="font-family:Times New Roman;font-size:10pt;">net </font><font style="font-family:Times New Roman;font-size:10pt;">loss </font><font style="font-family:Times New Roman;font-size:10pt;">per </font><font style="font-family:Times New Roman;font-size:10pt;">common </font><font style="font-family:Times New Roman;font-size:10pt;">unit</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> The following potentially dilutive common equity was excluded from the dilutive net loss per </font><font style="font-family:Times New Roman;font-size:10pt;">common </font><font style="font-family:Times New Roman;font-size:10pt;">unit calculation because includ</font><font style="font-family:Times New Roman;font-size:10pt;">ing</font><font style="font-family:Times New Roman;font-size:10pt;"> these equity securities would have been anti-dilutive:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" rowspan="2" style="width: 128px; text-align:center;border-color:#000000;min-width:128px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31,</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;"> </td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 2px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:59px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:59px;"> </td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 2px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:59px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:59px;"> </td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="7" style="width: 128px; text-align:center;border-color:#000000;min-width:128px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(In thousands)</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Employee options </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 894</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,246</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unit appreciation rights </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 326</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 318</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Restricted units </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 60</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 105</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Phantom units </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 879</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 697</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Class D units</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,561</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Contingent incentive plan unit awards </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 30</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 39</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 462px; text-align:left;border-color:#000000;min-width:462px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Series A preferred units</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,850</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr></table></div>Note 7 — Net Income (Loss) Per Unit Net income (loss) per unit is calculated in accordance with ASC 260, “Earnings PerfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure pertaining to an entity's earnings per unit.No authoritative reference available.falsefalse12Net Income (Loss) Per UnitUnKnownUnKnownUnKnownUnKnownfalsetrue