Members' Equity/Partners' Capital (Tables)

9 Months Ended

Sep. 30, 2016

Members' Equity/Partners' Capital

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):

	September 30,		December 31,
	2016		2015
Mezzanine equity beginning balance	$	172,111	$	—
Private placement of Class B Preferred Units		—		350,000
Discount		(87)		(191,901)
Amortization of discount		19,516		6,594
Distributions		29,750		7,418
Distributions paid		(24,918)		—
Total mezzanine equity	$	196,372	$	172,111

Schedule of Weighted Average Basic and Diluted Units Outstanding

	Three Months Ended		Nine Months Ended
	September 30,	September 30,	September 30,	March 6 - June 30	January 1 - March 6
	2016	2015	2016	2015	2015
Class A units - Basic	—	—	—	—	48,451
Class B Common units - Basic	—	—	—	—	2,879,163
Common units - Basic	3,998,209	3,124,004	3,556,675	3,103,608	—
Weighted Common units - Basic	3,998,209	3,124,004	3,556,675	3,103,608	2,927,613
Class A units - Diluted	—	—	—	—	48,451
Class B Common units - Diluted	—	—	—	—	2,879,163
Common units - Diluted	23,771,370	14,074,856	3,556,675	3,103,608	—
Weighted Common units - Diluted	23,771,370	14,074,856	3,556,675	3,103,608	2,927,613

Loss Per Unit Amounts

The following table presents our basic and diluted loss per unit for the nine months ended September 30, 2016 (in thousands, except for per unit amounts):

	Total		Common Units
Assumed net loss to be allocated	$	(17,997)	$	(17,997)
Basic and diluted loss per unit			$	(5.06)

The following table presents our basic earnings per unit for the three months ended September 30, 2016 (in thousands, except for per unit amounts):

	Total		Common Units
Assumed income to be allocated	$	9,949	$	9,949
Basic earnings per unit			$	2.49

The following table presents our diluted earnings per unit for the three months ended September 30, 2016 (in thousands, except for per unit amounts):

	Total		Common Units
Assumed income to be allocated	$	28,809	$	28,809
Diluted earning per unit			$	1.21

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 September 30, 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 - September 30	$	(92,578)	$	(92,578)
Basic and diluted loss per unit			$	(2.98)