Partners' Capital (Tables)

9 Months Ended

Sep. 30, 2016

Activity of our common units for the nine months ended September 30, 2016 is as follows:



	Number of Units
Number of common units at December 31, 2015	87,365,706
Common units issued in connection with acquisitions	5,710,922
Common units issued in connection with the PIPE Transaction	2,263,158
Number of common units at September 30, 2016	95,339,786

The calculation of net income allocated to the partners is as follows (in thousands, except per unit amounts):



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2016			2015			2016			2015
Attributable to Common Units
Distributions (1)	$	78,889		$	39,039		$	235,514		$	76,172
Distributions in excess of income	(55,640		)	(24,035		)	(119,888		)	(44,349		)
Limited partners' interest in net income	$	23,249		$	15,004		$	115,626		$	31,823

Attributable to Subordinated Units
Distributions (1)	$	—		$	8,154		$	—		$	22,796
Distributions in excess of income	—			(4,404		)	—			(11,564		)
Limited partners' interest in net income	$	—		$	3,750		$	—		$	11,232

(1) Distributions declared per unit to unitholders as of record date	$	0.8255		$	0.7454		$	2.4683		$	2.0838



		Marginal percentage interest in distributions
	Total quarterly distribution per common unit target amount	Common unitholders		Holder of IDRs
Minimum Quarterly Distribution	$0.4375	100	%	—
First Target Distribution	Above $0.4375 up to $0.503125	100	%	—
Second Target Distribution	Above $0.503125 up to $0.546875	85	%	15	%
Third Target Distribution	Above $0.546875 up to $0.656250	75	%	25	%
Thereafter	Above $0.656250	50	%	50	%

The following table presents our cash distributions paid or payable during 2016 (in thousands, except for per unit distributions):