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Partners' Equity, Allocations and Cash Distributions (Tables)
12 Months Ended
Dec. 31, 2018
Partners' Equity and Cash Distributions  
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

 

 

 

 

 

 

 

 

 

 

 

 

Marginal Percentage

 

 

 

Total Quarterly Distribution

 

Interest in Distributions

 

 

 

Target Amount

 

Unitholders

 

General Partner

 

First Target Distribution

    

up to $0.4625

    

99.33

%  

0.67

%  

Second Target Distribution

 

above $0.4625 up to $0.5375

 

86.33

%  

13.67

%  

Third Target Distribution

 

above $0.5375 up to $0.6625

 

76.33

%  

23.67

%  

Thereafter

 

above $0.6625

 

51.33

%  

48.67

%  

 

Schedule of cash distributions made by the Partnership (in thousands, except per unit data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earned for the

    

Per Unit

    

 

 

    

 

 

    

 

 

    

 

 

 

Cash Distribution

 

Quarter

 

Cash

 

Common

 

General

 

Incentive

 

Total Cash

 

Payment Date

    

Ended

 

Distribution

 

Units

 

Partner

 

Distribution

 

Distribution

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/16/2016

 

12/31/15

 

$

0.4625

 

$

15,723

 

$

106

 

$

 —

 

$

15,829

 

5/16/2016

 

03/31/16

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

8/12/2016

 

06/30/16

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

11/14/2016

 

09/30/16

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/14/2017

 

12/31/16

 

$

0.4625

 

$

15,723

 

$

106

 

$

 —

 

$

15,829

 

5/15/2017

 

03/31/17

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

8/14/2017

 

06/30/17

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

11/14/2017

 

09/30/17

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/14/2018

 

12/31/17

 

$

0.4625

 

$

15,723

 

$

106

 

$

 —

 

$

15,829

 

5/15/2018

 

03/31/18

 

 

0.4625

 

 

15,723

 

 

106

 

 

 —

 

 

15,829

 

8/14/2018 (1)

 

06/30/18

 

 

0.4750

 

 

16,149

 

 

109

 

 

67

 

 

16,325

 

11/14/2018 (1)

 

09/30/18

 

 

0.4750

 

 

16,149

 

 

109

 

 

67

 

 

16,325

 


(1)

This distribution resulted in the Partnership reaching its second target level distribution for the respective quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.