Equity (Tables)

3 Months Ended

Jun. 30, 2015

Future Distribution Payments

Equity

Schedule of percentage allocations of available cash from operating surplus between the unitholders and general partner

							Marginal Percentage Interest In
	Total Quarterly						Distributions
	Distribution Per Unit						Unitholders		General Partner
Minimum quarterly distribution					$	0.337500	99.9	%	0.1	%
First target distribution	above	$	0.337500	up to	$	0.388125	99.9	%	0.1	%
Second target distribution	above	$	0.388125	up to	$	0.421875	86.9	%	13.1	%
Third target distribution	above	$	0.421875	up to	$	0.506250	76.9	%	23.1	%
Thereafter	above	$	0.506250				51.9	%	48.1	%

Future Distribution Payments | TLP

Equity

Schedule of percentage allocations of available cash from operating surplus between the unitholders and general partner

							Marginal Percentage Interest In
	Total Quarterly						Distributions
	Distribution Per Unit						Unitholders		General Partner
Minimum quarterly distribution					$	0.40	98	%	2	%
First target distribution	above	$	0.40	up to	$	0.44	98	%	2	%
Second target distribution	above	$	0.44	up to	$	0.50	85	%	15	%
Third target distribution	above	$	0.50	up to	$	0.60	75	%	25	%
Thereafter	above	$	0.60				50	%	50	%

Service awards

Equity

Schedule of service awards activity

Unvested Service Award units at March 31, 2015	2,260,400
Units granted	308,823
Unvested Service Award units at June 30, 2015	2,569,223

Summary of scheduled vesting of awards

Year Ending March 31,	Number of Units
2016 (nine months)	847,441
2017	846,141
2018	772,141
Thereafter	103,500
Unvested Service Award units at June 30, 2015	2,569,223

Schedule of estimated equity-based expense to be recorded on the service awards granted

We estimate that the future expense we will record on the unvested Service Award units at June 30, 2015 will be as follows (in thousands)

Year Ending March 31,
2016 (nine months)	$	18,373
2017	21,211
2018	6,853
2019	1,399
2020	189
Total	$	48,025

Schedule of rollforward of the liability

The following table is a rollforward of the liability related to the Service Award units, which is reported within accrued expenses and other payables in our condensed consolidated balance sheets (in thousands):

Balance at March 31, 2015	$	6,154
Expense recorded	18,503
Balance at June 30, 2015	$	24,657

Performance awards

Equity

Schedule of rollforward of the liability

The following table is a rollforward of the liability related to the Performance Award units, which is reported within accrued expenses and other payables in our condensed consolidated balance sheets (in thousands):

Balance at March 31, 2015	$	—
Expense recorded	17,791
Balance at June 30, 2015	$	17,791

Schedule of performance measurement period for each tranche

Vesting Date of Tranche	Performance Period for Tranche
July 1, 2015	July 1, 2012 through June 30, 2015
July 1, 2016	July 1, 2013 through June 30, 2016
July 1, 2017	July 1, 2014 through June 30, 2017

Summary of percentage of the maximum performance award units that will vest depending on the percentage of entities in the Index that NGL outperforms

Percentage of Entities in the	Percentage of Maximum
Index that NGL Outperforms	Performance Award Units to Vest
Less than 50%	0%
50% - 75%	25–50%
75% - 90%	50%–100%
Greater than 90%	100%

Summary of fair value and expense recorded related to the restricted unit awards

The estimated fair value at June 30, 2015 for each vesting tranche, and the expense recorded during the three months ended June 30, 2015, is summarized below (in thousands):

	Fair Value of		Life-to-Date
Vesting Date	Unvested Awards		Expense Recorded
July 1, 2015	$	15,708	$	15,469
July 1, 2016	10,543		1,720
July 1, 2017	6,931		602
Total	$	33,182	$	17,791

Schedule of estimated share-based expense to be recorded on the awards granted

We estimate that the future expense we will record on the unvested Performance Award units at June 30, 2015 will be as follows (in thousands), after taking into consideration an estimate of forfeitures. For purposes of this calculation, we used the June 30, 2015 fair value of the Performance Awards.

Year Ending March 31,
2016 (nine months)	$	8,902
2017	5,131
2018	747
Total	$	14,780

Performance awards | Maximum

Equity

Summary of scheduled vesting of awards

	Maximum Performance
Vesting Date	Award Units
July 1, 2015	682,382
July 1, 2016	680,382
July 1, 2017	672,382
Total	2,035,146