v2.4.1.9
Earnings Per Limited Partner Unit (Tables)
 3 Months Ended
Mar. 31, 2015
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax [Abstract]  
Schedule of net income per common and subordinated unit

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2015

(in thousands)

General partner

    

Limited partners'
common units

    

Limited partner's
subordinated units

    

Total

Earnings per unit:

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Distribution declared (1)

$

 —

 

$
13,669 

 

$
13,669 

 

$
27,338 

Distributions in excess of earnings

 

 —

 

 
(5,845)

 

 
(5,845)

 

 
(11,690)

Total earnings

$

 —

 

$
7,824 

 

$
7,824 

 

$
15,648 

Weighted average units outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 —

 

 
75,941 

 

 
75,941 

 

 
151,882 

Diluted:

 

 —

 

 
75,942 

 

 
75,941 

 

 
151,883 

Net income per limited partner unit:

 

 

 

 

 

 

 

 

 

 

 

Basic:

$

 —

 

$
0.10 

 

$
0.10 

 

 

 

Diluted:

$

 —

 

$
0.10 

 

$
0.10 

 

 

 

On April 15, 2015, we announced that the board of directors of our general partner had declared a quarterly cash distribution of $0.18 per unit, totaling approximately $27.3 million. The distribution is payable on May 27, 2015 to unitholders of record on May 13, 2015.