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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2017
Aug. 31, 2016
Revenues:        
Operating revenues [1] $ 27,744 $ 26,116 $ 54,319 $ 46,735
Total revenues 27,744 26,116 54,319 46,735
Operating costs and expenses:        
Cost of operations [1] 2,064 1,928 6,396 4,953
Selling, general and administrative [1] 2,050 1,804 5,894 5,096
Depreciation and accretion [1] 7,220 6,311 20,875 16,325
Acquisition-related transaction costs [1] 19 599 50 2,261
Total operating costs and expenses [1] 11,353 10,642 33,215 28,635
Operating income 16,391 15,474 21,104 18,100
Other expense (income):        
Interest expense 6,060 3,199 17,429 9,123
Interest income (304) (296) (869) (909)
Other expense (income) 283 (291) (514) (551)
Total other expense, net 6,039 2,612 16,046 7,663
Income before income taxes and equity in earnings of unconsolidated investees 10,352 12,862 5,058 10,437
Income tax provision (5,012) (5,063) (7,860) (15,281)
Equity in earnings of unconsolidated investees 23,322 8,075 33,287 13,504
Net income 28,662 15,874 30,485 8,660
Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 21,189 8,281 18,765 (14,263)
Net income attributable to 8point3 Energy Partners LP Class A shares $ 7,473 $ 7,593 $ 11,720 $ 22,923
Net income per Class A share:        
Basic (in dollars per share) $ 0.27 $ 0.38 $ 0.42 $ 1.15
Diluted (in dollars per share) 0.27 0.38 0.42 1.15
Distributions per Class A share (in dollars per share) $ 0.26 $ 0.23 $ 0.77 $ 0.67
Weighted average number of Class A shares:        
Basic (in shares) 28,081 20,015 28,077 20,011
Diluted (in shares) 43,581 35,515 43,577 35,511
[1] The Partnership has related-party activities for transactions made with the Sponsors. Related party transactions recorded within “Operating revenues” in the unaudited condensed consolidated statement of operations were $1.3 million for each of the three months ended August 31, 2017 and August 31, 2016, and $3.9 million for each of the nine months ended August 31, 2017 and August 31, 2016. Related party transactions recorded within “Operating costs and expenses” in the unaudited condensed consolidated statement of operations were $2.1 million and $1.9 million for the three months ended August 31, 2017 and August 31, 2016, respectively, and $6.3 million and $5.0 million for the nine months ended August 31, 2017 and August 31, 2016, respectively.