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Loss Per Common Unit (Tables)
 3 Months Ended
Jun. 30, 2015
Loss Per Common Unit  
Schedule of loss per common unit

 

 

 

Three Months Ended June 30,

 

 

 

2015

 

2014

 

 

 

(in thousands, except unit and per unit amounts)

 

Net loss attributable to parent equity

 

$
(42,401

)

$
(39,975

)

Less: Net income allocated to general partner (1)

 
(15,359

)
(9,381

)

Less: Net loss allocated to subordinated unitholders (2)

 

—

 
4,013

 

 

 

 

 

 

 

Net loss allocated to common unitholders

 

$
(57,760

)

$
(45,343

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common units outstanding

 
103,888,281

 
74,126,205

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per common unit

 

$
(0.56

)

$
(0.61

)

 

 

 

 

 

 

 

 

 

(1)

Net income allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights, which are described in Note 11.

 

(2)

All outstanding subordinated units converted to common units in August 2014. Since the subordinated units did not share in the distribution of cash generated subsequent to June 30, 2014, we did not allocate any income or loss subsequent to that date to the subordinated unitholders. During the three months ended June 30, 2014, 5,919,346 subordinated units were outstanding. The loss per subordinated unit was ($0.68) for the three months ended June 30, 2014.