Unit-Based Compensation and Distributions

6 Months Ended

Jun. 30, 2011

Unit-Based Compensation and Distributions [Abstract]

Unit-Based Compensation and Distributions

11. Unit-Based Compensation and Distributions

     A summary of the Company’s nonvested phantom units as of June 30, 2011 and the changes during the six months ended June 30, 2011is presented below:

				Weighted Average
				Grant Date
Nonvested Phantom Units	Grant			Fair Value
Nonvested at December 31, 2010		105,492		$	17.68
Granted		47,927			21.31
Vested		(48,900	)		19.58
Forfeited		—			—
Nonvested at June 30, 2011		104,519		$	18.46

     For the three months ended June 30, 2011 and 2010, compensation expense of $653 and $145, respectively, was recognized in the unaudited condensed consolidated statements of operations related to vested phantom unit grants. For the six months ended June 30, 2011 and 2010, compensation expense of $1,282 and $292, respectively, was recognized in the unaudited condensed statements of operations related to vested phantom unit grants. As of June 30, 2011 and 2010, there was a total of $1,929 and $899, respectively, of unrecognized compensation costs related to nonvested phantom unit grants. These costs are expected to be recognized over a weighted-average period of approximately three years.

     The Company’s distribution policy is as defined in its partnership agreement. For the three months ended June 30, 2011 and 2010, the Company made distributions of $19,311 and $16,391, respectively, to its partners. For the six months ended June 30, 2011 and 2010, the Company made distributions of $36,258 and $32,788, respectively, to its partners.