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Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

(in thousands, except per unit data)

 

First

Quarter (a)

 

 

Second

Quarter (a)

 

 

Third

Quarter (a)

 

 

Fourth

Quarter

 

2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

26,067

 

 

$

26,244

 

 

$

26,672

 

 

$

26,398

 

Operating income (loss)

 

$

4,974

 

 

$

6,878

 

 

$

5,808

 

 

$

4,328

 

Net income (loss) attributable to partners' capital

 

$

3,229

 

 

$

4,850

 

 

$

4,132

 

 

$

2,831

 

Net income (loss) per limited partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common units (basic and diluted)

 

$

0.15

 

 

$

0.24

 

 

$

0.20

 

 

$

0.22

 

Subordinated units (basic and diluted)

 

$

0.15

 

 

$

0.24

 

 

$

0.20

 

 

$

(0.30

)

Weighted average number of limited partners units outstanding:

 

Common units (basic and diluted)

 

 

13,176

 

 

 

13,181

 

 

 

13,209

 

 

 

16,345

 

Subordinated units (basic and diluted)

 

 

6,081

 

 

 

6,081

 

 

 

6,081

 

 

 

3,107

 

 

(a)

Amounts have been revised as disclosed below

(in thousands, except per unit data)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

13,557

 

 

$

19,110

 

 

$

24,084

 

 

$

25,037

 

Operating income (loss)

 

$

(1,187

)

 

$

1,863

 

 

$

3,393

 

 

$

3,626

 

Net income (loss) attributable to partners' capital

 

$

304

 

 

$

2,188

 

 

$

2,001

 

 

$

1,935

 

Net income (loss) per limited partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common units (basic and diluted)

 

$

0.01

 

 

$

0.20

 

 

$

0.19

 

 

$

0.09

 

Subordinated units (basic and diluted)

 

$

0.01

 

 

$

0.02

 

 

$                0.00

 

 

$

0.09

 

Weighted average number of limited partners units outstanding:

 

Common units (basic and diluted)

 

 

6,868

 

 

 

9,253

 

 

 

9,152

 

 

 

13,172

 

Subordinated units (basic and diluted)

 

 

6,081

 

 

 

6,081

 

 

 

6,081

 

 

 

6,081

 

 
Summary of Unaudited Condensed Consolidated Statements of Operations by Financial Statement

The following tables summarize the previously reported balances, adjustments and revised balances on our unaudited condensed consolidated statements of operations by financial statement line item for the periods included below (in thousands, except per unit amounts):

 

 

Quarter to date March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments (a)

 

 

As revised

 

Gain (loss) on revaluation of contingent consideration

 

$

-

 

 

$

189

 

 

$

189

 

Operating income

 

 

4,785

 

 

 

189

 

 

 

4,974

 

Net income

 

 

4,851

 

 

 

189

 

 

 

5,040

 

Net income attributable to partners' capital

 

 

3,116

 

 

 

113

 

 

 

3,229

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per unit - common

 

$

0.15

 

 

$

-

 

 

$

0.15

 

Basic and diluted earnings per unit - subordinated

 

$

0.15

 

 

$

-

 

 

$

0.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter to date June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments (a)

 

 

As revised

 

Gain (loss) on revaluation of contingent consideration

 

$

-

 

 

$

659

 

 

$

659

 

Operating income

 

 

6,219

 

 

 

659

 

 

 

6,878

 

Net income

 

 

6,275

 

 

 

659

 

 

 

6,934

 

Net income attributable to partners' capital

 

 

4,455

 

 

 

395

 

 

 

4,850

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per unit - common

 

$

0.22

 

 

$

0.02

 

 

$

0.24

 

Basic and diluted earnings per unit - subordinated

 

$

0.22

 

 

$

0.02

 

 

$

0.24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter to date September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments (a)

 

 

As revised

 

Gain (loss) on revaluation of contingent consideration

 

$

-

 

 

$

(545

)

 

$

(545

)

Operating income

 

 

6,353

 

 

 

(545

)

 

 

5,808

 

Net income

 

 

6,336

 

 

 

(545

)

 

 

5,791

 

Net income attributable to partners' capital

 

 

4,458

 

 

 

(326

)

 

 

4,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per unit - common

 

$

0.22

 

 

$

(0.02

)

 

$

0.20

 

Basic and diluted earnings per unit - subordinated

 

$

0.22

 

 

$

(0.02

)

 

$

0.20

 

 

 

 

 

Year to date June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments (a)

 

 

As revised

 

Gain (loss) on revaluation of contingent consideration

 

$

-

 

 

$

848

 

 

$

848

 

Operating income

 

 

11,004

 

 

 

848

 

 

 

11,852

 

Net income

 

 

11,127

 

 

 

848

 

 

 

11,975

 

Net income attributable to partners' capital

 

 

7,572

 

 

 

509

 

 

 

8,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per unit - common

 

$

0.37

 

 

$

0.02

 

 

$

0.39

 

Basic and diluted earnings per unit - subordinated

 

$

0.36

 

 

$

0.03

 

 

$

0.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year to date September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments (a)

 

 

As revised

 

Gain (loss) on revaluation of contingent consideration

 

$

-

 

 

$

303

 

 

$

303

 

Operating income

 

 

17,356

 

 

 

303

 

 

 

17,659

 

Net income

 

 

17,462

 

 

 

303

 

 

 

17,765

 

Net income attributable to partners' capital

 

 

12,029

 

 

 

183

 

 

 

12,212

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per unit - common

 

$

0.58

 

 

$

0.01

 

 

$

0.59

 

Basic and diluted earnings per unit - subordinated

 

$

0.58

 

 

$

0.01

 

 

$

0.59

 

* The sum of quarterly amounts above may not agree precisely to the year to date amounts due to rounding.

 

(a)

The Partnership revised the amounts originally reported for the periods above for the fair value adjustment to the JBBR Acquisition contingent consideration obligation.