XML 68 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings per Unit (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Unit [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The calculation of net income per unit for the three months ended March 31, 2015 and 2014, respectively, is as follows:
 
Three Months Ended
 
March 31,
 
2015
 
2014
 
(In thousands, except per unit data)
Net income
$
15,323

 
$
16,324

Net income attributable to general partner (1)
—

 
5,391

Net income attributable to limited partners
15,323

 
10,933

General partner distributions
(16
)
 
—

Limited partners' distributions on common units
(7,974
)
 
(5,491
)
Limited partners' distributions on subordinated units
(7,585
)
 
(5,491
)
 Distributions less than (greater than) earnings
$
(252
)
 
$
(49
)
 
 
 
 
General partners' earnings:
 
 
 
 Distributions
$
16

 
$
—

 Allocation of distributions less than (greater than) earnings
—

 
5,391

 Total general partners' earnings
$
16

 
$
5,391

 
 
 
 
Limited partners' earnings on common units:
 
 
 
 Distributions
$
7,974

 
$
5,491

 Allocation of distributions less than (greater than) earnings
(129
)
 
(25
)
 Total limited partners' earnings on common units
$
7,845

 
$
5,466

 
 
 
 
Limited partners' earnings on subordinated units:
 
 
 
 Distributions
$
7,585

 
$
5,491

 Allocation of distributions less than (greater than) earnings
(123
)
 
(24
)
 Total limited partners' earnings on subordinated units
$
7,462

 
$
5,467

 
 
 
 
Weighted average limited partner units outstanding:
 
 
 
 Common units - basic
23,985

 
22,811

 Common units - diluted
23,996

 
22,815

 Subordinated units - basic and diluted
22,811

 
22,811

 
 
 
 
Net income per limited partner unit:
 
 
 
 Common - basic
$
0.33

 
$
0.24

 Common - diluted
0.33

 
0.24

 Subordinated - basic and diluted
0.33

 
0.24

(1)
For historical periods prior to the Wholesale Acquisition, we have applied the two-class method to calculate earnings per unit. The net income of WRW prior to the Wholesale Acquisition was allocated entirely to the general partner.