Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Of Assets And Liabilities On A Recurring Basis

The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2016 (in thousands):


	Fair Value Measurements at September 30, 2016
	Active Markets for		Observable
	Identical Assets		Inputs		Unobservable Inputs		Netting Cash and		Fair Value at
	(Level 1)		(Level 2)		(Level 3)		Collateral		September 30, 2016
Derivative assets	$	—	$	11,364	$	—	$	—	$	11,364
Embedded derivative		—		—		(149,873)				(149,873)
Total net assets	$	—	$	11,364	$	(149,873)	$	—	$	(138,509)

The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2015 (in thousands):


	Fair Value Measurements at December 31, 2015
	Active Markets for		Observable
	Identical Assets		Inputs		Unobservable Inputs		Netting Cash and		Fair Value at
	(Level 1)		(Level 2)		(Level 3)		Collateral		December 31, 2015
Derivative assets	$	—	$	31,018	$	—	$	—	$	31,018
Embedded derivative		—		—		(193,077)				(193,077)
Total net assets	$	—	$	31,018	$	(193,077)	$	—	$	(162,059)

Reconciliation Of Changes In Fair Value Of Embedded Derivative Classified As Level 3

The following table sets forth a reconciliation of changes in the fair value of the Partnership's embedded derivative classified as Level 3 in the fair value hierarchy for the nine months ended September 30, 2016 and the year ended December 31, 2015 (in thousands):


	Significant Unobservable Inputs (Level 3)
	September 30,		December 31,
	2016		2015
Beginning balance	$	(193,077)	$	—
Initial fair value of embedded derivative - bifurcated from mezzanine equity		—		(183,095)
Gain (loss) on embedded derivative		43,204		(9,982)
Ending balance	$	(149,873)	$	(193,077)

Gain (loss) included in earnings related to derivatives still held as of
September 30, 2016, and December 31, 2015	$	43,204	$	(9,982)