XML 248 R112.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Unit (Tables)
 6 Months Ended 12 Months Ended
Sep. 30, 2014
Mar. 31, 2014
Earnings Per Unit    
Schedule of earnings per common unit

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(in thousands, except unit and per unit amounts)

 

Net loss attributable to parent equity

 

$

(19,224

)

$

(941

)

$

(59,199

)

$

(18,574

)

Less: net income allocated to general partner (1)

 

(11,056

)

(2,451

)

(20,437

)

(4,139

)

Net loss allocated to subordinated unitholders (2)

 

—

 

562

 

4,013

 

3,076

 

Net loss allocated to common unitholders

 

$

(30,280

)

$

(2,830

)

$

(75,623

)

$

(19,637

)

 

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding

 

88,331,653

 

58,909,389

 

81,267,742

 

53,336,969

 

 

 

 

 

 

 

 

 

 

 

Loss per common unit - basic and diluted

 

$

(0.34

)

$

(0.05

)

$

(0.93

)

$

(0.37

)

 

 

(1)     The net income allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights, which are described in Note 10.

(2)     All outstanding subordinated units converted to common units in August 2014. Since the subordinated units did not share in the distribution of cash generated during the three months ended September 30, 2014, we did not allocate any earnings or loss during this period to the subordinated unitholders. During the three months ended June 30, 2014 and the six months ended September 30, 2013, 5,919,346 subordinated units were outstanding. The loss per subordinated unit was $(0.68) for the three months ended June 30, 2014, $(0.09) for the three months ended September 30, 2013, and $(0.52) for the six months ended September 30, 2013.

 

 

 

 

Year Ended March 31,

 

 

 

2014

 

2013

 

2012

 

 

 

(in thousands, except unit and per unit amounts)

 

 

 

 

 

 

 

 

 

Income attributable to parent equity

 

$

47,655

 

$

47,940

 

$

7,876

 

Income allocated to general partner (1)

 

(14,148

)

(2,917

)

(8

)

Income attributable to limited partners

 

$

33,507

 

$

45,023

 

$

7,868

 

 

 

 

 

 

 

 

 

Income allocated to:

 

 

 

 

 

 

 

Common unitholders

 

$

31,614

 

$

39,517

 

$

4,859

 

Subordinated unitholders

 

$

1,893

 

$

5,506

 

$

3,009

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding

 

61,970,471

 

41,353,574

 

15,169,983

 

Weighted average subordinated units outstanding

 

5,919,346

 

5,919,346

 

5,175,384

 

 

 

 

 

 

 

 

 

Income per common unit - basic and diluted

 

$

0.51

 

$

0.96

 

$

0.32

 

 

 

 

 

 

 

 

 

Income per subordinated unit - basic and diluted

 

$

0.32

 

$

0.93

 

$

0.58

 

 

 

(1)         The income allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights (“IDRs”), which are described in Note 11.