Investment in Unconsolidated Affiliates (Tables)

3 Months Ended

Feb. 28, 2017

Equity Method Investments And Cost Method Investments [Abstract]

Partnerships Investments Unconsolidated Affiliates

The following table summarizes the activity of the Partnership’s investments in its unconsolidated affiliates during the three months ended February 28, 2017 and February 29, 2016, respectively:

	Three Months Ended
	February 28,			February 29,
(in thousands)	2017			2016
Balance at the beginning of the period	$	475,078		$	352,070
Investments in its unconsolidated affiliates during the period		330,027			—
Equity in earnings in unconsolidated affiliates (1)		606			405
Distributions from unconsolidated affiliates		(17,711	)		(6,278	)
Balance at the end of the period	$	788,000		$	346,197

(1) The net income (loss) used to determine the Partnership’s equity in earnings of unconsolidated affiliates reflects adjustments pursuant to the equity method of accounting, including the amortization of basis differences resulting from the Partnership’s proportionate share of certain equity method investees’ net assets exceeding their carrying values.  

Summary of Financial Information

The following table presents summarized financial information of SG2 Holdings, North Star Holdings, Lost Hills Blackwell Holdings, Henrietta Holdings and Stateline Holdings as derived from the unaudited condensed consolidated financial statements of such entities for the three months ended February 28, 2017 and February 29, 2016, respectively:

	Three Months Ended
	February 28,			February 29,
(in thousands)	2017			2016
Summary statements of operations information:
Revenue	$	19,616		$	8,650
Operating expenses		26,393			10,924
Net loss		(7,759	)		(2,170	)