Members Equity Partners Capital (Tables)

12 Months Ended

Dec. 31, 2015

Members' Equity/Partners' Capital [Abstract]

Class B Preferred Units Accounted for as Mezzanine Equity in the Consolidated Balance Sheet

The Class B Preferred Units are accounted for as mezzanine equity in the consolidated balance sheet consisting of the following (in thousands):

	For the Year Ended December 31,
	2015		2014
Private placement of Class B Preferred Units	$	350,000	$	—
Less: discount		(191,901)		—
Less: amortization of discount		6,594		—
Less: distributions		7,418		—
Total mezzanine equity	$	172,111	$	—

Schedule of Weighted Average Basic and Diluted Units Outstanding

			Year Ended
	January 1 - March 6	March 6 - December 31	December 31,
	2015	2015	2014
Class A units - Basic	484,505	—	763,261
Class B Common units - Basic	28,791,626	—	28,431,586
Common units - Basic	—	30,715,874	—
Weighted Common Units prior to reverse split - Basic	29,276,131	30,715,874	29,194,847
Adjustment for reverse split	(26,348,518)	(27,644,287)	(26,275,362)
Weighted Common Units after reverse split - Basic	2,927,613	3,071,587	2,919,485
Class A units - Diluted	484,505	—	763,261
Class B Common units - Diluted	28,791,626	—	28,532,411
Common units - Diluted	—	30,715,874	—
Weighted Common Units prior to reverse split - Diluted	29,276,131	30,715,874	29,295,672
Adjustment for reverse split	(26,348,518)	(27,644,287)	(26,366,105)
Weighted Common Units after reverse split - Diluted	2,927,613	3,071,587	2,929,567

Schedule of Basic and Diluted Loss per Unit

The following table presents our basic and diluted loss per unit for the period from January 1, 2015 to March 6, 2015 (the date of conversion to a limited partnership) (in thousands, except for per unit amounts):

	Total		Class A Units		Class B Units
Assumed net loss to be allocated January 1 - March 6	$	(923)	$	(18)	$	(905)
Basic and diluted loss per unit prior to reverse split			$	(0.04)	$	(0.03)
Basic and diluted loss per unit after reverse split			$	(0.38)	$	(0.31)

The following table presents our basic and diluted loss per unit for the period from March 6, 2015 through December 31, 2015 (the period after conversion to a limited partnership) (in thousands, except for per unit amounts):

	Total		Common Units
Assumed net loss attributable to common unitholders to be allocated March 6 - December 31	$	(153,895)	$	(153,895)
Basic and diluted loss per unit prior to reverse split			$	(5.01)
Basic and diluted loss per unit after reverse split			$	(50.10)

Net loss per unit increased significantly for the period from March 6, 2015 through December 31, 2015 as compared to the period from January 1, 2015 through March 5, 2015 as it included non-cash impairment charges of $123.8 million. There was no impairment charge recorded for the period from January 1, 2015 through March 5, 2015.

The following table presents our basic and diluted income per unit for the year end December 31, 2014 (in thousands, except for per unit amounts):

	Total		Class A Units		Class B Units
Assumed net income to be allocated	$	9,503	$	190	$	9,313
Basic and diluted income per unit prior to reverse split			$	0.25	$	0.33
Basic and diluted income per unit after reverse split			$	2.50	$	3.30