XML 36 R23.htm IDEA: XBRL DOCUMENT v3.24.3

COMMON UNIT-BASED COMPENSATION PLANS

9 Months Ended

Sep. 30, 2024

COMMON UNIT-BASED COMPENSATION PLANS

COMMON UNIT-BASED COMPENSATION PLANS

16.COMMON UNIT-BASED COMPENSATION PLANS

​

Long-Term Incentive Plan

​

A summary of non-vested LTIP grants of restricted units is as follows:

​

​	​	​	​	​	​	​	​	​	​
​		Number of units		Weighted average grant date fair value per unit			Intrinsic value
​	​	​	​	​	​	​	(in thousands)		​
​	​	​	​	​	​	​	​	​	​
Non-vested grants at January 1, 2024	​	2,710,344	​	$	10.91	​	​	51,405	​
Granted (1)		455,574	​	​	19.69	​	​	​	​
Vested (2)		(1,582,422)	​		6.53	​	​	​	​
Forfeited		(38,204)	​		16.08	​	​	​	​
Non-vested grants at September 30, 2024		1,545,292	​		17.87	​	​	38,632	​

(1) The restricted units granted during 2024 have certain minimum-value guarantees per unit, regardless of whether the awards vest.

(2) During the nine months ended September 30, 2024, we issued 936,544 unrestricted common units to the LTIP participants.  The remaining vested units were settled in cash to satisfy tax withholding.

​

LTIP expense for grants of restricted units was $2.4 million and $2.7 million for the three months ended September 30, 2024 and 2023, respectively, and $6.8 million and $7.7 million for the nine months ended September 30, 2024 and 2023, respectively. The total obligation associated with LTIP grants of restricted units as of September 30, 2024 was $15.9 million and is included in the partners' capital Limited partners-common unitholders line item on our condensed consolidated balance sheets.  As of September 30, 2024, there was $11.7 million in total unrecognized compensation expense related to the non-vested LTIP restricted unit grants that are expected to vest.  That expense is expected to be recognized over a weighted-average period of 1.1 years.

​

Supplemental Executive Retirement Plan and Directors' Deferred Compensation Plan

​

A summary of SERP and Directors' Deferred Compensation Plan activity is as follows:

​

​	​	​	​	​	​	​	​	​	​
​		Number of units		Weighted average fair value per unit			Intrinsic value
​	​	​	​	​	​	​	(in thousands)		​
​	​	​	​	​	​	​	​	​	​
Phantom units outstanding as of January 1, 2024	​	811,946	​	$	20.44	​	$	17,197	​
Granted	​	79,695	​	​	21.85	​	​	​	​
Settled (1)		(96,873)	​	​	23.89	​	​	​	​
Phantom units outstanding as of September 30, 2024		794,768	​		20.78	​	​	19,869	​

(1) During the nine months ended September 30, 2024, we purchased 54,152 ARLP common units on the open market to settle the account of a participant under the SERP.  Units purchased and delivered to the participant were net of units settled in cash to satisfy tax withholding obligations.

​

Total SERP and Directors' Deferred Compensation Plan expense was $0.7 million and $0.6 million for the three months ended September 30, 2024 and 2023, respectively, and $2.0 million and $1.8 million for the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, the total obligation associated with the SERP and Directors' Deferred Compensation Plan was $16.5 million and is included in the partners' capital Limited partners-common unitholders line item on our condensed consolidated balance sheets.

X

- Definition

The entire disclosure for share-based payment arrangement.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/718/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration