Partners' Capital (Tables)

9 Months Ended

Sep. 30, 2019

Partners' Capital

Schedule of common unit issuances

	Common	Date of
Three months ended	units	issuance
December 31, 2017	210,978	March 15, 2018
March 31, 2018	220,214	May 31, 2018
June 30, 2018	224,342	September 10, 2018
September 30, 2018	334,010	November 30, 2018
December 31, 2018	787,750	March 8, 2019
March 31, 2019	887,269	May 23, 2019
June 30, 2019	901,741	August 2, 2019

Schedule of Class B preferred units accounted for as mezzanine equity in the consolidated balance sheet

The Class B Preferred Units were accounted for as mezzanine equity on the condensed consolidated balance sheets.  The following table sets forth a reconciliation of the changes in mezzanine equity (in thousands):

	September 30,		December 31,
	2019		2018
Mezzanine equity, beginning balance	$	349,857	$	343,912
Amortization of discount		1,708		2,358
Distributions		23,247		36,925
Distributions paid		(17,675)		(33,338)
Class B Preferred Unit exchange		(357,137)		—
Mezzanine equity, ending balance	$	—	$	349,857

Schedule of Class C preferred units

The Exchange was accounted for as an extinguishment with the difference between the book value of the redeemed instrument and the fair value of the new instrument being considered a deemed contribution to common equity of approximately $103.8 million. The Class C Preferred Units are accounted for as a long-term liability on the condensed consolidated balance sheet consisting of the following (in thousands):

	September 30,
	2019
Class C Preferred Units
Private placement of Class C Preferred Units	$	353,500
Discount		(104,012)
Amortization of discount		5,050
Distributions		7,575
Class C Preferred Units, ending balance	$	262,113