XML 84 R77.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings per unit and cash distributions (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Partners’ interest in net income $ 2,508 $ 13,425 $ 25,353 $ 16,445
Less: Dividends paid or to be paid [1] (14,441) (10,971) (43,319) (32,910)
Under (over) distributed earnings (11,933) 2,454 (17,966) (16,465)
Common unit public [Member]        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Under (over) distributed earnings $ (6,397) $ 1,030 $ (9,632) $ (6,912)
Basic weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Basic 17,649 11,051 17,644 11,044
Diluted weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Diluted 17,661 11,054 17,654 11,048
Basic and diluted earnings per unit:        
Earnings Per Share, Basic and Diluted [2] $ 0.07 $ 0.51 $ 0.74 $ 0.61
Common unit Höegh LNG [Member]        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Under (over) distributed earnings $ (767) $ 197 $ (1,155) $ (1,324)
Basic weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Basic 2,116 2,116 2,116 2,116
Diluted weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Diluted 2,116 2,116 2,116 2,116
Basic and diluted earnings per unit:        
Earnings Per Share, Basic and Diluted [2],[3] $ 0.09 $ 0.51 $ 0.80 $ 0.63
Subordinated unit Höegh LNG [Member]        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Under (over) distributed earnings $ (4,769) $ 1,227 $ (7,179) $ (8,229)
Basic weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Basic 13,156 13,156 13,156 13,156
Diluted weighted average units outstanding        
Weighted Average Number of Shares Outstanding, Diluted 13,156 13,156 13,156 13,156
Basic and diluted earnings per unit:        
Earnings Per Share, Basic and Diluted [2],[3] $ 0.09 $ 0.51 $ 0.80 $ 0.63
[1] Includes all distributions paid or to be paid in relationship to the period, regardless of whether the declaration and payment dates were prior to the end of the period, and is based on the number of units outstanding at the period end.
[2] Effective June 3, 2016, the Partnership granted 21,500 phantom units to the CEO/CFO of the Partnership. One-third of the phantom units vest as of December 31, 2017, 2018 and 2019, respectively. The phantom units impact the diluted weighted average units outstanding, however, the increase in weighted average number of units was not significant enough to change the earnings per unit. Therefore, the basic and diluted earnings per unit are the same.
[3] Includes total amounts attributable to incentive distributions rights of $285,234 and $855,618 for the three and nine months ended September 30, 2017, respectively, of which $39,521 and $118,552 were attributed to common units owned by Höegh LNG and $245,713 and $737,066 were attributed to subordinated units owned by Höegh LNG. For the three and nine months ended September 30, 2016, includes total amounts attributable to incentive distributions rights of $113,227 and $339,634, respectively, of which $15,688 and $47,059 were attributed to common units owned by Höegh LNG and $97,538 and $292,575 were attributed to subordinated units owned by Höegh LNG.