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PARTNERS' CAPITAL | 6 Months Ended
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Jun. 30, 2022
PARTNERS' CAPITAL |
PARTNERS' CAPITAL | 10. PARTNERS' CAPITAL ​ Distributions ​ Distributions paid or declared during 2021 and 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Payment Date |  | Per Unit Cash Distribution |  | Total Cash Distribution |
​ | ​ | ​ | ​ | ​ | (in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
May 14, 2021 | ​ | $ | 0.1000 | ​ | $ | 13,045 | ​
August 13, 2021 | ​ | ​ | 0.1000 | ​ | ​ | 13,041 | ​
November 12, 2021 | ​ | ​ | 0.2000 | ​ | ​ | 26,072 | ​
Total | ​ | $ | 0.4000 | ​ | $ | 52,158 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
February 14, 2022 | ​ | $ | 0.2500 | ​ | $ | 32,750 | ​
May 13, 2022 | ​ | ​ | 0.3500 | ​ | ​ | 45,810 | ​
August 12, 2022 (1) | ​ | ​ | 0.4000 | ​ | ​ | — | ​
Total | ​ | $ | 1.0000 | ​ | $ | 78,560 | ​
(1) | On July 26, 2022, we declared this quarterly distribution payable on August 12, 2022 to all unitholders of record as of August 5, 2022.
​ Unit Repurchase Program ​ In May 2018, the MGP board of directors approved the establishment of a unit repurchase program authorizing us to repurchase and retire up to $100 million of ARLP common units. The program has no time limit and we may repurchase units from time to time in the open market or in other privately negotiated transactions. The unit repurchase program authorization does not obligate us to repurchase any dollar amount or number of units. No unit repurchases were made during the six months ended June 30, 2022. Since inception of the unit repurchase program, we have repurchased and retired 5,460,639 units at an average unit price of $17.12 for an aggregate purchase price of $93.5 million. The remaining authorized amount for unit repurchases under this program is $6.5 million. ​ Change in Partners' Capital ​ The following tables present the quarterly change in Partners' Capital for the six months ended June 30, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Limited | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Limited Partner | ​ | Partners' | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total Partners' | ​
​ |  | Units |  | Capital |  | Income (Loss) |  | Interest |  | Capital |
​ | ​ | (in thousands, except unit data) | ​
Balance at January 1, 2022 |  | 127,195,219 | ​ | $ | 1,279,183 | ​ | $ | (64,229) | ​ | $ | 11,115 | ​ | $ | 1,226,069 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 36,652 | ​ |  | — | ​ | ​ | 290 |  |  | 36,942 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | 790 | ​ |  | — |  |  | 790 | ​
Total comprehensive income |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 37,732 | ​
Common unit-based compensation |  | — | ​ |  | 2,640 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,640 | ​
Distributions on deferred common unit-based compensation |  | — | ​ |  | (950) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (950) | ​
Distributions from consolidated company to noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (298) | ​ | ​ | (298) | ​
Distributions to Partners |  | — | ​ | ​ | (31,800) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (31,800) | ​
Balance at March 31, 2022 | ​ | 127,195,219 | ​ | ​ | 1,285,725 | ​ | ​ | (63,439) | ​ | ​ | 11,107 | ​ | ​ | 1,233,393 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 161,478 | ​ |  | — | ​ | ​ | 323 |  |  | 161,801 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | 794 | ​ |  | — |  |  | 794 | ​
Total comprehensive income |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 162,595 | ​
Common unit-based compensation |  | — | ​ |  | 2,340 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,340 | ​
Distributions on deferred common unit-based compensation |  | — | ​ |  | (1,292) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,292) | ​
Distributions from consolidated company to noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (325) | ​ | ​ | (325) | ​
Distributions to Partners |  | — | ​ | ​ | (44,518) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (44,518) | ​
Balance at June 30, 2022 | ​ | 127,195,219 | ​ | $ | 1,403,733 | ​ | $ | (62,645) | ​ | $ | 11,105 | ​ | $ | 1,352,193 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Limited | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Limited Partner | ​ | Partners' | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total Partners' | ​
​ |  | Units |  | Capital |  | Income (Loss) |  | Interest |  | Capital |
​ | ​ | (in thousands, except unit data) | ​
Balance at January 1, 2021 |  | 127,195,219 | ​ | $ | 1,148,565 | ​ | $ | (87,674) | ​ | $ | 11,376 | ​ | $ | 1,072,267 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 24,748 | ​ |  | — | ​ | ​ | 78 |  |  | 24,826 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | 2,231 | ​ |  | — |  |  | 2,231 | ​
Total comprehensive income |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 27,057 | ​
Common unit-based compensation |  | — | ​ |  | 723 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 723 | ​
Distributions from consolidated company to noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (141) | ​ | ​ | (141) | ​
Balance at March 31, 2021 |  | 127,195,219 | ​ | ​ | 1,174,036 | ​ | ​ | (85,443) | ​ | ​ | 11,313 | ​ | ​ | 1,099,906 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 44,035 | ​ |  | — | ​ | ​ | 130 |  |  | 44,165 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | 2,231 | ​ |  | — |  |  | 2,231 | ​
Total comprehensive loss |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 46,396 | ​
Common unit-based compensation |  | — | ​ |  | 1,485 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,485 | ​
Distributions on deferred common unit-based compensation |  | — | ​ |  | (324) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (324) | ​
Distributions from consolidated company to noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (222) | ​ | ​ | (222) | ​
Distributions to Partners |  | — | ​ | ​ | (12,721) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (12,721) | ​
Balance at June 30, 2021 |  | 127,195,219 | ​ | $ | 1,206,511 | ​ | $ | (83,212) | ​ | $ | 11,221 | ​ | $ | 1,134,520 | ​
​

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 + Details
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