2.4.0.811900 - Disclosure - CASH DISTRIBUTIONS AND EARNINGS PER UNITtruefalsefalse1false falsefalseFYp0YTDhttp://www.sec.gov/CIK0001415921duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_EarningsPerUnitAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0CASH DISTRIBUTION AND EARNINGS PER UNIT [Abstract]2false 2us-gaap_EarningsPerShareTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div><font style="font-face: Times New Roman" size="2" color="#000000"><b>NOTE 14 - CASH DISTRIBUTIONS AND EARNINGS PER UNIT</b></font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b></b>The partnership agreement of Navios Partners requires that all available cash is distributed quarterly, after deducting expenses, including estimated maintenance and replacement capital expenditures and reserves. Distributions may be restricted by, among other things, the provisions of existing and future indebtedness, applicable partnership and limited liability company laws and other laws and regulations. The amount of the minimum quarterly distribution is $0.35 per unit or $1.40 per unit per year and is made in the following manner:</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="29" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="37"><div><font style="font-face: Times New Roman" size="2" color="#000000"></font></div></td> <td width="7"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="542"><div><font style="font-face: Times New Roman" size="2" color="#000000">First, 98% to all unitholders, pro rata not including holder of subordinated Series A units;</font></div></td> </tr> </table> <div><font style="font-face: Times New Roman" size="2" color="#000000">Thereafter there is incentive distribution rights held by the General Partner, which are analyzed as follows:</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font> </div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="291"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="17"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="35"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="15"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="29"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">Total Quarterly Distribution</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Target Amount</font></div></td> <td width="17"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="6" width="135"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">Marginal Percentage</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Interest in</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Distributions</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="33"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="17"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="2" width="61"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">Common and</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Subordinated</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Unitholders</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="2" width="37"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">General</font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"> Partner</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Minimum Quarterly Distribution</font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132" bgcolor="#cceeff"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">$ 0.35</font></div></td> <td width="17" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="35" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">98%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="15" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">2%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="1" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">First Target Distribution</font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">up to $0.4025</font></div></td> <td width="17"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="35"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">98%</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="15"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">2%</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Second Target Distribution</font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132" bgcolor="#cceeff"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">above $0.4025 up to $0.4375</font></div></td> <td width="17" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="35" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">85%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="15" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">15%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="1" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Third Target Distribution</font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">above $0.4375 up to $0.525</font></div></td> <td width="17"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="35"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">75%</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="15"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">25%</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="291" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Thereafter</font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="132" bgcolor="#cceeff"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">above $0.525</font></div></td> <td width="17" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="35" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="26" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">50%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="15" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="21" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">50%</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="1" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> </table> <div><font style="font-face: Times New Roman" size="2" color="#000000">On January 21, 2013, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2012 of $0.4425 per unit. The distribution was paid on February 14, 2013 to all holders of record of common and general partner units on February 8, 2013, which included the unitholders from the common unit offering in February 2013. The aggregate amount of the declared distribution was $27,563 and $2,373 for new unitholders.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">          On April 22, 2013, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2013 of $0.4425 per unit. The distribution was paid on May 14, 2013 to all holders of record of common and general partner units on May 10, 2013. The aggregate amount of the declared distribution was $29,936.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">         Navios Partners calculates earnings per unit by allocating reported net income for each period to each class of units based on the distribution waterfall for available cash specified in Navios Partners' partnership agreement, net of the unallocated earnings (or losses). Basic earnings net income per unit is determined by dividing net income by the weighted average number of units outstanding during the period. Diluted earnings per unit is calculated in the same manner as net income per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units. There were no options or phantom units outstanding during the three and six months ended June 30, 2013 and 2012.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">The calculations of the basic and diluted earnings per unit are presented below.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font> </div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="333"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="6" width="159"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>Three Month Period Ended</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="6" width="160"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>Six Month Period Ended</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="2" width="60"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2013</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="2" width="62"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2012</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="2" width="62"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2013</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td colspan="2" width="62"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2012</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Net income</font></div></td> <td width="29" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">19,511</font></div></td> <td width="8" bgcolor="#cceeff"><div> </div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">16,681</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">35,757</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">33,618</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="333" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Earnings attributable to:</font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div> </div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Common unit holders</font></div></td> <td width="29" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">18,671</font></div></td> <td width="8" bgcolor="#cceeff"><div> </div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">16,348</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">34,143</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">32,946</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="333" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Weighted average units outstanding (basic and diluted)</font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div> </div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="10" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Common unit holders</font></div></td> <td width="29" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#ccecff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">65,284,163</font></div></td> <td width="8" bgcolor="#ccecff"><div> </div></td> <td width="27" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#ccecff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">57,260,811</font></div></td> <td width="8" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#ccecff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">64,254,881</font></div></td> <td width="8" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51" bgcolor="#ccecff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">55,884,987</font></div></td> <td width="8" bgcolor="#ccecff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="333" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Earnings per unit (basic and diluted):</font></div></td> <td width="29"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div> </div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div> </div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="51"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="333" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Common unit holders</font></div></td> <td width="29" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.29</font></div></td> <td width="8" bgcolor="#cceeff"><div> </div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.29</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.53</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.59</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="333" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Earnings per unit - distributed (basic and diluted):</font></div></td> <td width="29"><div> </div></td> <td width="9"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> </tr> <tr> <td width="333" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Common unit holders</font></div></td> <td width="29" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.44</font></div></td> <td width="8" bgcolor="#cceeff"><div> </div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.47</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.90</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">0.91</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="333" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Loss per unit - undistributed (basic and diluted):</font></div></td> <td width="29"><div> </div></td> <td width="9"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> <td width="27"><div> </div></td> <td width="10"><div> </div></td> <td width="51"><div align="right"> </div></td> <td width="8"><div> </div></td> </tr> <tr> <td width="333" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Common unit holders</font></div></td> <td width="29" bgcolor="#cceeff"><div> </div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(0.15</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(0.18</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(0.37</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td> <td width="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="51" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(0.32</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> </tr> </table> <div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for earnings per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 false0CASH DISTRIBUTIONS AND EARNINGS PER UNITfalseCASH DISTRIBUTIONS AND EARNINGS PER UNITUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.navios-mlp.com/role/DisclosureCashDistributionsAndEarningsPerUnit12