Partners' Capital (Tables)

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2017		2016
Mezzanine equity beginning balance	$	342,991	$	172,111
Discount		—		(87)
Amortization of discount		1,300		23,477
Distributions		27,125		39,375
Distributions paid		(28,000)		(37,168)
Transfer embedded derivative to Class B		—		145,283
Total mezzanine equity	$	343,416	$	342,991

Schedule of Weighted Average Basic and Diluted Units Outstanding

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2017	2016	2017	2016
Common units - Basic	14,313,999	3,998,209	13,888,057	3,556,675
Weighted Common units - Basic	14,313,999	3,998,209	13,888,057	3,556,675
Common units - Diluted	14,313,999	23,771,370	13,888,057	3,556,675
Weighted Common units - Diluted	14,313,999	23,771,370	13,888,057	3,556,675

Loss Per Unit Amounts

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

	Total		Common Units
Assumed net loss to be allocated	$	(5,442)	$	(5,442)
Basic and diluted loss per unit			$	(0.38)

The following table presents our basic and diluted loss 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
Assumed income to be allocated	$	28,807	$	28,807
Diluted earnings per unit			$	1.21

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

	Total		Common Units
Assumed net loss to be allocated	$	(31,754)	$	(31,754)
Basic and diluted loss per unit			$	(2.29)

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)