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Equity | 9 Months Ended
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Sep. 30, 2018
Equity [Abstract] |
Equity | 17. Equity Merger Transaction On January 1, 2018, we entered into the Merger Agreement pursuant to which we agreed to merge the Partnership with and into our indirect wholly-owned subsidiary. On April 26, 2018, the Merger was completed and we issued 57.6 million shares of our common stock to acquire the 41.2 million common units of the Partnership not owned by us prior to the Merger at a fixed exchange ratio of 1.40 shares of our common stock for each Partnership common unit for total implied consideration of $625.3 million. Additionally, the incentive distribution rights in the Partnership, all of which we owned indirectly prior to the Merger, were canceled and ceased to exist. As a result of the Merger, the Partnership’s common units are no longer publicly traded. The Partnership’s 6% senior notes due April 2021 and October 2022 were not impacted by the Merger and remain outstanding. As we controlled the Partnership prior to the Merger and continue to control the Partnership after the Merger, we accounted for the change in our ownership interest in the Partnership as an equity transaction which was reflected as a reduction of the noncontrolling interest with corresponding increases to common stock, additional paid-in capital and accumulated other comprehensive income. No gain or loss was recognized in our condensed consolidated statements of operations as a result of the Merger. The following table presents the effects of changes in our ownership interest in the Partnership on the equity attributable to Archrock stockholders:
| Nine Months Ended September 30,
| 2018 |  | 2017
Net income (loss) attributable to Archrock stockholders | $ | 8,095 |  |  | $ | (28,607 | )
Increase in Archrock stockholders’ additional paid-in capital for purchase of Partnership common units | 54,751 |  |  | 17,638 |
Change from net income (loss) attributable to Archrock stockholders and transfers from noncontrolling interest | $ | 62,846 |  |  | $ | (10,969 | )
Prior to the Merger, public unitholders held an approximate 57% ownership interest in the Partnership and we owned the remaining equity interest. The equity interests in the Partnership that were owned by the public prior to April 26, 2018 are reflected within noncontrolling interest in our condensed consolidated balance sheet as of December 31, 2017. The earnings of the Partnership that were attributed to its common units held by the public prior to April 26, 2018 are reflected in net income (loss) attributable to the noncontrolling interest in our condensed consolidated statement of operations. The tax effects of the Merger were reported as adjustments to other long-term assets, long-term assets associated with discontinued operations, deferred income taxes, additional paid-in capital and other comprehensive income. Due to the change in ownership and tax step up from the consideration given in the Merger, we recorded a $156.5 million deferred tax asset which resulted in an overall $55.0 million net deferred tax asset. We evaluated the realizability of our resulting net deferred tax asset position by assessing the available positive and negative evidence and concluded, based on the weight of the evidence, that a $53.4 million valuation allowance was required. The $103.1 million net tax impact of the change in deferred tax asset and the valuation allowance was recorded as an offsetting increase to additional paid-in capital. We incurred $0.2 million and $10.0 million of transaction costs directly attributable to the Merger during the three and nine months ended September 30, 2018, respectively, including financial advisory, legal service and other professional fees, which were recorded to merger-related costs on our condensed consolidated statements of operations. Partnership Capital Offering In August 2017, the Partnership sold, pursuant to a public underwritten offering, 4,600,000 common units, including 600,000 common units pursuant to an over-allotment option. The Partnership received net proceeds of $60.3 million after deducting underwriting discounts, commissions and offering expenses, which it used to repay borrowings outstanding under the Partnership Credit Facility. In connection with this sale and as permitted under its partnership agreement, the Partnership sold 93,163 general partner units to its General Partner for a contribution of $1.3 million to maintain the General Partner’s approximate 2% general partner interest in the Partnership. Cash Dividends The following table summarizes our dividends per common share:
Declaration Date |  | Payment Date |  | Dividends per Common Share |  | Total Dividends (in thousands)
January 19, 2017 |  | February 15, 2017 |  | $ | 0.120 |  |  | $ | 8,458 |
April 26, 2017 |  | May 16, 2017 |  | 0.120 |  |  | 8,534 |
July 26, 2017 |  | August 15, 2017 |  | 0.120 |  |  | 8,536 |
October 20, 2017 |  | November 15, 2017 |  | 0.120 |  |  | 8,536 |
January 18, 2018 |  | February 14, 2018 |  | 0.120 |  |  | 8,532 |
April 25, 2018 |  | May 15, 2018 |  | 0.120 |  |  | 15,486 |
July 25, 2018 |  | August 14, 2018 |  | 0.132 |  |  | 17,114 |
On October 24, 2018, our board of directors declared a quarterly dividend of $0.132 per share of common stock to be paid on November 14, 2018 to stockholders of record at the close of business on November 7, 2018.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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