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Derivatives (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate swaps

At June 30, 2018, the Partnership was a party to the following interest rate swaps, which were entered into to offset changes in expected cash flows due to fluctuations in the associated variable interest rates:

Expiration Date		Notional Value (in millions)
May 2019		$	100.0
May 2020		100.0
March 2022		300.0
		$	500.0

Effect of derivative instruments on consolidated financial position

The following tables present the effect of derivative instruments designated as hedging instruments on our consolidated financial position and results of operations (in thousands):

		Fair Value Asset (Liability)
Balance Sheet Location		June 30, 2018				December 31, 2017
Other current assets		$	2,816			$	186
Other long-term assets		9,050				4,490
Accrued liabilities		—				(134		)
		$	11,866			$	4,542

Effect of derivative instruments on results of operations

	Pre-tax Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives				Location of Pre-tax Loss Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (Loss)		Pre-tax Loss Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (Loss)
Derivatives designated as cash flow hedges:
Interest rate swaps
Three months ended June 30, 2018	$	2,245			Interest expense		$	(39	)
Three months ended June 30, 2017	(336		)		Interest expense		(830		)
Six months ended June 30, 2018	6,941				Interest expense		(513		)
Six months ended June 30, 2017	363				Interest expense		(1,843		)

	Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships
	Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
	Interest Expense
Total amount of income and expense line items presented in the statement of operations in which the effects of cash flow hedges are recorded	$	23,337			$	45,884
Interest Contracts:
Amount of gain reclassified from accumulated other comprehensive income into income	$	207			$	153

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Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note).

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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