INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

9 Months Ended

Sep. 30, 2016

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Summary of investments in unconsolidated affiliates

	Percentage of				Carrying value
	ownership				(in thousands)
	September 30,		December 31,		September 30,		December 31,
	2016		2015		2016		2015
BOSTCO	42.5	%	42.5	%	$	219,646	$	223,214
Frontera	50	%	50	%		23,556		23,486
Total investments in unconsolidated affiliates					$	243,202	$	246,700

Schedule of earnings (losses) from investments in unconsolidated affiliates (in thousands)

Earnings from investments in unconsolidated affiliates were as follows (in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
BOSTCO	$	1,885	$	1,670	$	4,794	$	8,244
Frontera		1,075		521		2,146		1,520
Total earnings from investments in unconsolidated affiliates	$	2,960	$	2,191	$	6,940	$	9,764

Schedule of additional capital investments in unconsolidated affiliates (in thousands)

Additional capital investments in unconsolidated affiliates were as follows (in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
BOSTCO	$	—	$	4,226	$	2,125	$	4,226
Frontera		—		—		100		—
Additional capital investments in unconsolidated affiliates	$	—	$	4,226	$	2,225	$	4,226

Schedule of cash distributions received from unconsolidated affiliates (in thousands)

Cash distributions received from unconsolidated affiliates were as follows (in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
BOSTCO	$	3,546	$	6,555	$	10,487	$	13,363
Frontera		911		955		2,176		2,099
Cash distributions received from unconsolidated affiliates	$	4,457	$	7,510	$	12,663	$	15,462

Summary of financial information of unconsolidated affiliates

The summarized financial information of our unconsolidated affiliates was as follows (in thousands):

Balance sheets:

	BOSTCO				Frontera
	September 30,		December 31,		September 30,		December 31,
	2016		2015		2016		2015
Current assets	$	21,634	$	21,079	$	6,089	$	4,156
Long-term assets		488,609		500,982		42,505		44,194
Current liabilities		(10,577)		(15,064)		(1,482)		(1,376)
Net assets	$	499,666	$	506,997	$	47,112	$	46,974

Statements of operations:

	BOSTCO				Frontera
	Three months ended				Three months ended
	September 30,				September 30,
	2016		2015		2016		2015
Revenue	$	17,033	$	15,273	$	5,232	$	4,227
Expenses		(12,178)		(11,081)		(3,082)		(3,185)
Net earnings	$	4,855	$	4,192	$	2,150	$	1,042

	BOSTCO				Frontera
	Nine months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
Revenue	$	49,907	$	54,127	$	13,608	$	12,118
Expenses		(36,668)		(33,705)		(9,316)		(9,078)
Net earnings	$	13,239	$	20,422	$	4,292	$	3,040