Shareholders' Equity and Partners' Capital (Tables)

6 Months Ended

Jun. 30, 2018

Distributions and Dividends Declared and Paid

The following table presents the distributions declared and paid by the Operating Partnership and the dividends declared and paid by MGP for the six months ended June 30, 2018 and June 30, 2017. MGP pays its dividends with the receipt of its share of the Operating Partnership's distributions.



Declaration Date	Record Date	Distribution/ Dividend Per Unit/ Share		Payment Date	Operating Partnership Distribution		MGP Class A Dividend
(in thousands, except per unit and per share amount)
2018
March 15, 2018	March 30, 2018	$	0.4200	April 15, 2018	$	111,733	$	29,777
June 15, 2018	June 29, 2018	$	0.4300	July 16, 2018	$	114,399	$	30,492

2017
March 15, 2017	March 31, 2017	$	0.3875	April 13, 2017	$	94,109	$	22,281
June 15, 2017	June 30, 2017	$	0.3950	July 14, 2017	$	95,995	$	22,777

Changes in Shareholders' Equity

The following table presents MGP's changes in shareholders' equity for the six months ended June 30, 2018:



	Total Class A Shareholders' Equity			Noncontrolling Interest			Total Shareholders’ Equity
	(in thousands)
Balance at December 31, 2017	$	1,624,650		$	4,443,089		$	6,067,739
Net income - January 1, 2018 to June 30, 2018	28,976			77,252			106,228
Other comprehensive income - cash flow hedges	6,033			16,603			22,636
Share-based compensation	251			689			940
Deemed contribution - tax sharing agreement	—			2,494			2,494
Dividends and distributions declared	(60,269		)	(165,864		)	(226,133		)
Other	345			54			399
Balance at June 30, 2018	$	1,599,986		$	4,374,317		$	5,974,303

Changes in Partners' Capital

The following table presents the Operating Partnership's changes in partners' capital for the six months ended June 30, 2018:



	General Partner		Limited Partners			Total Partners' Capital
	(in thousands)
Balance at December 31, 2017	$	—	$	6,067,739		$	6,067,739
Net income - January 1, 2018 to June 30, 2018	—		106,228			106,228
Other comprehensive income - cash flow hedges	—		22,636			22,636
Share-based compensation	—		940			940
Deemed contribution - tax sharing agreement	—		2,494			2,494
Distributions declared	—		(226,133		)	(226,133		)
Other	—		399			399
Balance at June 30, 2018	$	—	$	5,974,303		$	5,974,303