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Cash Distributions (Tables)
3 Months Ended
Mar. 31, 2013
Cash Distributions  
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

 

 

 

 

Total Quarterly Distribution

 

Marginal Percentage Interest in
Distributions

 

 

 

Target Amount

 

Unitholders

 

General Partner

 

Minimum Quarterly Distribution

 

$0.4625

 

99.17%

 

  0.83%

 

First Target Distribution

 

$0.4625

 

99.17%

 

  0.83%

 

Second Target Distribution

 

above $0.4625 up to $0.5375

 

86.17%

 

13.83%

 

Third Target Distribution

 

above $0.5375 up to $0.6625

 

76.17%

 

23.83%

 

Thereafter

 

above $0.6625

 

51.17%

 

48.83%

 

Schedule of cash distribution made by the Partnership

The Partnership paid the following cash distribution during 2013 (in thousands, except per unit data):

 

Cash
Distribution
Payment Date

 

 

Per Unit
Cash
Distribution

 

Common
Units

 

General
Partner

 

Incentive
Distribution

 

Total Cash
Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

02/14/13 (1)

 

$

0.57

 

$

15,636

 

$

131

 

$

579

 

$

16,346

 

 

(1)          This distribution of $0.57 per unit resulted in the Partnership exceeding its second target level distribution for the fourth quarter of 2012.  As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.