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Equity | 9 Months Ended
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Sep. 30, 2013
Equity [Abstract] |
Equity | Equity As of September 30, 2013, SUSS owned 79,308 common units and 10,939,436 subordinated units, which together constitute a 50.2% ownership interest in us. During the third quarter and in conjunction with the GFI Contribution and related transfer, we issued 64,872 common units to SUSS. As of September 30, 2013 the public owned 10,932,834 units. Allocations of Net Income Our partnership agreement contains provisions for the allocation of net income and loss to the unitholders. For purposes of maintaining partner capital accounts, the partnership agreement specifies that items of income and loss shall be allocated among the partners in accordance with their respective percentage interest. Normal allocations according to percentage interests are made after giving effect, if any, to priority income allocations in an amount equal to incentive cash distributions allocated 100% to SUSS. The calculation of net income allocated to the partners is as follows (in thousands, except per unit amounts):
Net Income Attributable to Susser Petroleum Partners LP Limited Partner Units - Common Units
| Three Months Ended |  | Nine Months Ended
| September 30, 2012 |  | September 30, 2013 |  | September 30, 2012 |  | September 30, 2013
Distributions (a) | $ | 312 |  |  | $ | 5,165 |  |  | $ | 312 |  |  | $ | 14,904 |
Distributions in excess of income | (25 | ) |  | (361 | ) |  | (25 | ) |  | (1,146 | )
Limited partners' interest in net income | $ | 287 |  |  | $ | 4,804 |  |  | $ | 287 |  |  | $ | 13,758 |
Net Income Attributable to Susser Petroleum Partners LP Limited Partner Units - Subordinated Units
| Three Months Ended |  | Nine Months Ended
| September 30, 2012 |  | September 30, 2013 |  | September 30, 2012 |  | September 30, 2013
Distributions (a) | $ | 312 |  |  | $ | 5,124 |  |  | $ | 312 |  |  | $ | 14,863 |
Distributions in excess of income | (25 | ) |  | (331 | ) |  | (25 | ) |  | (1,116 | )
Limited partners' interest in net income | $ | 287 |  |  | $ | 4,793 |  |  | $ | 287 |  |  | $ | 13,747 |
(a) Distributions declared per unit to unitholders as of record date | $0.0285 |  | $0.4687 |  | $0.0285 |  | $1.359
Incentive Distribution Rights The following table illustrates the percentage allocations of available cash from operating surplus between the unitholders and SUSS (in its capacity as the holder of our incentive distribution rights or "IDRs") based on the specified target distribution levels. The amounts set forth under “marginal percentage interest in distributions” are the percentage interests of SUSS and the unitholders in any available cash from operating surplus we distribute up to and including the corresponding amount in the column “total quarterly distribution per unit target amount”. The percentage interests shown for our unitholders and SUSS for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests set forth below for SUSS assume that there are no arrearages on common units and that SUSS continues to own all of the IDRs.
|  |  | Marginal percentage interest in distributions
| Total quarterly distribution per unit target amount |  | Unitholders |  | SUSS
Minimum Quarterly Distribution | $0.4375 |  | 100 | % |  | — |
First Target Distribution | Above $0.4375 up to $0.503125 |  | 100 | % |  | — |
Second Target Distribution | Above $0.503125 up to $0.546875 |  | 85 | % |  | 15 | %
Third Target Distribution | Above $0.546875 up to $0.656250 |  | 75 | % |  | 25 | %
Thereafter | Above $0.656250 |  | 50 | % |  | 50 | %
Cash Distributions Our partnership agreement, as amended, sets forth the calculation to be used to determine the amount and priority of cash distributions that the common and subordinated unitholders will receive. On August 5, 2013, we declared a quarterly cash distribution, based on the results for the three months ended June 30, 2013, totaling $9.9 million, or $0.4528 per unit. The distribution was paid on August 29, 2013 to unitholders of record on August 19, 2013 bringing the total paid for the year to $29.1 million. On November 4, 2013, we declared a quarterly distribution totaling $10.3 million, based on the results for the three months ended September 30, 2013, or $0.4687 per unit. The distribution will be paid on November 29, 2013 to unitholders of record on November 19, 2013.

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 + Details
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