Members' Equity (Tables)

6 Months Ended

Sep. 30, 2013

Members' Equity

Schedule of reconciliation of phantom units outstanding

	Number of Time- Based Units		Number of Performance-Based  Units		Total Units
Balance at March 31, 2013	624,518		307,489		932,007
Granted	135,021		135,021		270,042
Vested and paid	(61,498	)	(61,498	)	(122,996	)
Forfeited	(21,752	)	(21,752	)	(43,504	)
Distribution equivalent rights	33,274		18,202		51,476
Balance at September 30, 2013	709,563		377,462		1,087,025

Schedule of net income (loss) allocation and income (loss) per unit calculation

	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Numerator:
Net earnings (loss) attributable to Niska Partners	$	(7,845	)	$	(15,397	)	$	123		$	(52,742	)
Less:
Managing Member’s interest	154			305			(4		)	1,044
Net earnings (loss) attributable to common and subordinated unitholders	$	(7,691	)	$	(15,092	)	$	119		$	(51,698	)
Denominator:
Basic:
Weighted average units outstanding	34,698,604			68,296,990			34,595,988			68,296,990
Diluted:
Weighted average units outstanding	34,698,604			68,296,990			34,595,988			68,296,990
Earnings (loss) per unit:
Basic	$	(0.22	)	$	(0.22	)	$	—		$	(0.76	)
Diluted	$	(0.22	)	$	(0.22	)	$	—		$	(0.76	)