XML 51 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2017
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):

 

 

 

 

 

 

 

 

    

June 30, 

 

December 31, 

 

    

2017

    

2016

Mezzanine equity beginning balance

 

$

342,991

 

$

172,111

Discount

 

 

 —

 

 

(87)

Amortization of discount

 

 

837

 

 

23,477

Distributions

 

 

18,375

 

 

39,375

Distributions paid

 

 

(19,250)

 

 

(37,168)

Transfer embedded derivative to Class B

 

 

 —

 

 

145,283

Total mezzanine equity

 

$

342,953

 

$

342,991

 

Schedule of Weighted Average Basic and Diluted Units Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 

 

 

June 30, 

 

    

2017

 

2016

 

2017

 

2016

Common units - Basic and Diluted

 

13,939,993

 

3,935,297

 

 

13,671,557

 

3,333,482

Weighted Common units - Basic and Diluted

 

13,939,993

 

3,935,297

 

 

13,671,557

 

3,333,482

 

Loss Per Unit Amounts

The following table presents our basic and diluted loss per unit for the three months ended June 30, 2017 (in thousands, except for per unit amounts):

 

 

 

 

 

 

 

 

    

Total

    

Common Units

 

 

 

 

 

 

 

Assumed net loss to be allocated

 

$

(8,624)

 

$

(8,624)

 

 

 

 

 

 

 

Basic and diluted loss per unit

 

 

 

 

$

(0.62)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

    

Total

    

Common Units

 

 

 

 

 

 

 

Assumed net loss to be allocated

 

$

(17,207)

 

$

(17,207)

 

 

 

 

 

 

 

Basic and diluted loss per unit

 

 

 

 

$

(4.37)

The following table presents our basic and diluted loss per unit for the six months ended June 30, 2017 (in thousands, except for per unit amounts):

 

 

 

 

 

 

 

 

    

Total

    

Common Units

 

 

 

 

 

 

 

Assumed net loss to be allocated

 

$

(26,312)

 

$

(26,312)

 

 

 

 

 

 

 

Basic and diluted loss per unit

 

 

 

 

$

(1.92)

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

 

 

 

 

 

 

 

 

    

Total

    

Common Units

 

 

 

 

 

 

 

Assumed net loss to be allocated

 

$

(27,947)

 

$

(27,947)

 

 

 

 

 

 

 

Basic and diluted loss per unit

 

 

 

 

$

(8.38)