Partners' Capital (Tables)

12 Months Ended

Dec. 31, 2017

Rollforward of the Number of Common and Subordinated Limited Partner Units Outstanding

A rollforward of the number of common and subordinated limited partner units outstanding is as follows:


	Common Units - Public	Common Units - Green Plains	Subordinated Units - Green Plains	Total
Units issued in connection with IPO, July 1, 2015	11,500,000	4,389,642	15,889,642	31,779,284
Units issued under the LTIP	10,089	-	-	10,089
Units, December 31, 2015	11,510,089	4,389,642	15,889,642	31,789,373
Units issued under the LTIP	16,260	-	-	16,260
Units forfeited under the LTIP	(5,333)	-	-	(5,333)
Units, December 31, 2016	11,521,016	4,389,642	15,889,642	31,800,300
Units issued under the LTIP	15,827	-	-	15,827
Units forfeited under the LTIP	(4,278)	-	-	(4,278)
Units, December 31, 2017	11,532,565	4,389,642	15,889,642	31,811,849

Summary of the Percentage Allocations of Available Cash From Operating Surplus Based on Specified Target Distribution Levels

The following table illustrates the percentage allocations of available cash from operating surplus during the subordination period between the unitholders and the general partner, as the holder of the incentive distribution rights, based on the specified target distribution levels:


			Marginal Percentage Interest in Distribution (1)
	Total Quarterly Distribution Per Unit - Target Amount		Common and Subordinated Unitholders	General Partner (as holder of Incentive Distribution Rights) (2)
Minimum quarterly distribution	$0.40		98.0%	2.0%
First target distribution	above $0.40	up to $0.46	98.0%	2.0%
Second target distribution	above $0.46	up to $0.50	85.0%	15.0%
Third target distribution	above $0.50	up to $0.60	75.0%	25.0%
Thereafter	above $0.60		50.0%	50.0%

(1) Includes percentage interests of the general partner, as the holder of incentive distribution rights, and the unitholders when the partnership distributes available cash from operating surplus up to and including the corresponding amount in the column “Total Quarterly Distribution Per Unit Target Amount.” The percentage interests shown for the unitholders and the general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution.

(2) The percentage interests for the general partner assume the general partner contributes additional capital necessary to maintain its 2% general partner interest, does not transfer any of its incentive distribution rights and there are no arrearages on common units.

Summary of Quarterly Cash Distributions Declarations, Payments and Scheduled Payments

The table below summarizes the quarterly cash distributions for the periods presented:


Three Months Ended	Declaration Date	Record Date	Payment Date	Quarterly Distribution
December 31, 2017	January 18, 2018	February 2, 2018	February 9, 2018	$	0.4700
September 30, 2017	October 19, 2017	November 3, 2017	November 10, 2017		0.4600
June 30, 2017	July 20, 2017	August 4, 2017	August 11, 2017		0.4500
March 31, 2017	April 20, 2017	May 5, 2017	May 15, 2017		0.4400
December 31, 2016	January 23, 2017	February 3, 2017	February 14, 2017		0.4300
September 30, 2016	October 20, 2016	November 4, 2016	November 14, 2016		0.4200
June 30, 2016	July 20, 2016	August 5, 2016	August 12, 2016		0.4100
March 31, 2016	April 21, 2016	May 6, 2016	May 13, 2016		0.4050
December 31, 2015	January 21, 2016	February 5, 2016	February 12, 2016		0.4025
September 30, 2015	October 22, 2015	November 6, 2015	November 13, 2015		0.4000

Schedule Allocation of Total Cash Distributions to the General and Limited Partners

The total cash distributions paid during the periods indicated are as follows (in thousands):


	Year Ended December 31,
	2017		2016		2015
General partner distributions	$	1,155	$	1,063	$	259

Limited partner common units - public		20,519		18,855		4,604
Limited partner common units - Green Plains		7,813		7,187		1,756
Limited partner subordinated units - Green Plains		28,284		26,020		6,356
Total distributions to limited partners		56,616		52,062		12,716
Total distributions paid	$	57,771	$	53,125	$	12,975

The total cash distributions declared during the periods indicated are as follows (in thousands):


	Year Ended December 31,
	2017		2016		2015
General partner distributions	$	1,183	$	1,081	$	521
Incentive distributions		48		-		-
Total distributions to general partner		1,231		1,081		521

Limited partner common units - public		20,985		19,176		9,237
Limited partner common units - Green Plains		7,989		7,309		3,523
Limited partner subordinated units - Green Plains		28,919		26,456		12,751
Total distributions to limited partners		57,893		52,941		25,511
Total distributions declared	$	59,124	$	54,022	$	26,032