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Members' Equity/Partners' Capital (Tables)
 3 Months Ended
Mar. 31, 2016
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):

 

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

    

 

    

2016

    

2015

    

 

 

 

 

 

 

 

 

Mezzanine equity beginning balance

 

$
172,111

 

$

 —

 

Private placement of Class B Preferred Units

 

 

 —

 

 
350,000

 

Discount

 

 
(83)

 

 
(191,901)

 

Amortization of discount

 

 
6,403

 

 
6,594

 

Distributions

 

 
8,750

 

 
7,418

 

Distributions paid

 

 
(7,418)

 

 

 —

 

Total mezzanine equity

 

$
179,763

 

$
172,111

 

 

Schedule of Weighted Average Basic and Diluted Units Outstanding

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

 

 

 

March 31,

 

March 6 - March 31

 

January 1 - March 6

 

    

2016

 

2015

    

2015

Class A units - Basic and Diluted

 

 —

 

 —

 
48,451

Class B Common units - Basic and Diluted

 

 —

 

 —

 
2,879,163

Common units - Basic and Diluted

 
2,743,419

 
2,992,801

 

 —

Weighted Common Units - Basic and Diluted

 
2,743,419

 
2,992,801

 
2,927,613

 

Income Per Unit Amounts

The following table presents our basic and diluted loss per unit for the three months ended March 31, 2016 (in thousands, except for per unit amounts):

 

 

 

 

 

 

 

 

    

Total

    

Common Units

 

 

 

 

 

 

 

Assumed net income to be allocated

 

$
(10,739)

 

$
(10,739)

 

 

 

 

 

 

 

Basic and diluted income per unit

 

 

 

 

$
(3.91)

 

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

 

 

 

 

$
(0.38)

 

$
(0.31)

 

 

The following table presents our basic and diluted loss per unit for the period from March 6, 2015 through March 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 - March 31

 

$
(89,063)

 

$
(89,063)

 

 

 

 

 

 

 

 

 

Basic and diluted loss per unit

 

 

 

 

$
28.90