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Net Income Per Limited Partner Unit (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of net income per unit
Net income per unit was computed as follows (in thousands, except per unit amounts):
 
 
Year Ended December 31, 2015
 
 
 
 
Limited Partners
 
 
 
 
 
 
General
Partner
 
Common
Units
 
Subordinated
Units
 
Restricted
Units
 
Total
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
1,572

 
$
39,106

 
$
34,476

 
$

 
$
75,154

General partner’s IDRs
 
3,431

 

 

 

 
3,431

DERs
 

 

 

 
12

 
12

Distributions and DERs declared
 
5,003

 
39,106

 
34,476

 
12

 
78,597

Undistributed earnings
 
1,066

 
27,162

 
25,045

 
8

 
53,281

Net income available to
limited partners – basic and diluted
 
$
6,069

 
$
66,268

 
$
59,521

 
$
20

 
$
131,878

 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted:
 
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
31,222

 
28,790

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic and diluted
 
 
 
$
2.12

 
$
2.07

 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
Limited Partners
 
 
 
 
 
 
General
Partner
 
Common
Units
 
Subordinated
Units
 
Restricted
Units
 
Total
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
 
 
Distributions, excluding general partner’s IDRs
 
$
1,110

 
$
27,091

 
$
27,091

 
$

 
$
55,292

General partner’s IDRs
 
194

 

 

 

 
194

DERs
 

 

 

 
6

 
6

Distributions and DERs declared
 
1,304

 
27,091

 
27,091

 
6

 
55,492

Undistributed earnings
 
75

 
1,857

 
1,857

 

 
3,789

Net income available to
limited partners – basic
 
$
1,379

 
28,948

 
28,948

 
$
6

 
$
59,281

Add: DERs
 
 
 
6

 

 
 
 


Net income available to
limited partners – diluted
 
 
 
$
28,954

 
$
28,948

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic:
 
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
28,790

 
28,790

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – basic
 
 
 
$
1.01

 
$
1.01

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – diluted:
 
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
28,790

 
28,790

 
 
 
 
Common equivalent units for restricted units
 
 
 
1

 

 
 
 
 
Weighted-average units outstanding –diluted
 
 
 
28,791

 
28,790

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit – diluted
 
 
 
$
1.01

 
$
1.01

 
 
 
 

 
 
December 16, 2013 through December 31, 2013
 
 
 
 
Limited Partners
 
 
 
 
General
Partner
 
Common
Units
 
Subordinated
Units
 
Total
Allocation of net income to determine net income available to limited partners:
 
 
 
 
 
 
 
 
Distributions
 
$
44

 
$
1,065

 
$
1,065

 
$
2,174

Excess distributions over earnings
 
(3
)
 
(65
)
 
(65
)
 
(133
)
Net income available to
limited partners basic and diluted
 
$
41

 
$
1,000

 
$
1,000

 
$
2,041

 
 
 
 
 
 
 
 
 
Net income per limited partner unit –
basic and diluted:
 
 
 
 
 
 
 
 
Weighted-average units outstanding
 
 
 
28,790

 
28,790

 
 
 
 
 
 
 
 
 
 
 
Net income per limited partner unit  
basic and diluted
 
 
 
$
0.03

 
$
0.03