XML 50 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income Per Limited Partner Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Allocation of net income to determine net income available to limited partners:    
Distributions, excluding general partner's IDRs $ 29,731 $ 22,965
General partner’s IDRs 8,307 2,638
DERs 5 5
Distributions and DERs declared 38,043 25,608
Undistributed earnings 20,094 17,690
Net income available to limited partners – basic and diluted $ 58,137 $ 43,298
Net income per limited partner unit – basic and diluted:    
Weighted-average units outstanding (shares) 67,664 36,520 [1]
Net income per limited partner unit – basic and diluted (in dollars per share) $ 0.72 $ 0.61 [1]
General Partner Valero [Member]    
Allocation of net income to determine net income available to limited partners:    
Distributions, excluding general partner's IDRs $ 595 $ 512
General partner’s IDRs 8,307 2,638
Distributions and DERs declared 8,902 3,150
Undistributed earnings 565 354
Net income available to limited partners – basic and diluted 9,467 3,504
Limited Partner [Member] | Common Units [Member]    
Allocation of net income to determine net income available to limited partners:    
Distributions, excluding general partner's IDRs 29,136 12,665
Distributions and DERs declared 29,136 12,665
Undistributed earnings 19,525 9,692
Net income available to limited partners – basic and diluted $ 48,661 $ 22,357
Net income per limited partner unit – basic and diluted:    
Weighted-average units outstanding (shares) 67,664 36,520
Net income per limited partner unit – basic and diluted (in dollars per share) $ 0.72 $ 0.61
Limited Partner [Member] | Subordinated Units [Member]    
Allocation of net income to determine net income available to limited partners:    
Distributions, excluding general partner's IDRs   $ 9,788
Distributions and DERs declared   9,788
Undistributed earnings   7,640
Net income available to limited partners – basic and diluted   $ 17,428
Net income per limited partner unit – basic and diluted:    
Weighted-average units outstanding (shares)   28,790
Net income per limited partner unit – basic and diluted (in dollars per share)   $ 0.61
Limited Partner [Member] | Restricted Units [Member]    
Allocation of net income to determine net income available to limited partners:    
DERs $ 5 $ 5
Distributions and DERs declared 5 5
Undistributed earnings 4 4
Net income available to limited partners – basic and diluted $ 9 $ 9
[1] Financial information has been retrospectively adjusted for the acquisitions of the McKee Terminal Services Business and the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.