Investment in Unconsolidated Affiliates (Tables)

3 Months Ended

Feb. 28, 2018

Equity Method Investments and Joint Ventures [Abstract]

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:

	Three Months Ended
(in thousands)	February 28, 2018			February 28, 2017
Summary statements of operations information:
Revenue	$	24,177		$	19,616
Operating expenses	26,290			26,393
Net loss	(2,357		)	(7,759		)

The following table summarizes the activity of the Partnership’s investments in its unconsolidated affiliates:

	Three Months Ended
(in thousands)	February 28, 2018			February 28, 2017
Balance at the beginning of the period	$	768,258		$	475,078
Investments in its unconsolidated affiliates during the period	—			330,027
Equity in earnings in unconsolidated affiliates (1)	2,000			606
Distributions from unconsolidated affiliates	(17,612		)	(17,711		)
Balance at the end of the period	$	752,646		$	788,000

(1) The net income 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.