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Equity (Notes) | 9 Months Ended
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Sep. 30, 2013
Equity [Abstract] |
Equity | Equity We had 9,237,563 common limited partner units held by the public outstanding as of September 30, 2013. Additionally, as of September 30, 2013, Delek owned a 60.3% limited partner interest in us, consisting of 2,799,258 common limited partner units and 11,999,258 subordinated limited partner units as well as a 98.6% interest in our general partner, which owns the entire 2.0% general partner interest consisting of 490,532 general partner units. In accordance with our partnership agreement, Delek's subordinated units may convert to common units once specified distribution targets and other requirements have been met. Equity Activity The summarized changes in the carrying amount of our equity are as follows:
|  | Equity of Predecessors |  | Common - public |  | Common - Delek |  | Subordinated |  | General Partner |  | Total
Balance at December 31, 2012 |  | $ | 35,590 |  |  | $ | 178,728 |  |  | $ | (127,129 | ) |  | $ | 52,875 |  |  | $ | (49 | ) |  | $ | 140,015 |
Income attributable to Predecessors |  | (6,853 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,853 | )
Sponsor contributions of equity to the Predecessors |  | 9,317 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,317 |
Liabilities not assumed by the Partnership |  | 213 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 213 |
Allocation of net assets acquired by the unitholders (1) |  | (38,267 | ) |  | — |  |  | 37,502 |  |  | — |  |  | 765 |  |  | — |
Cash Distributions (1) |  | — |  |  | (9,252 | ) |  | (95,714 | ) |  | (12,047 | ) |  | (2,388 | ) |  | (119,401 | )
Sponsor contribution of fixed assets |  | — |  |  | — |  |  | 101 |  |  | — |  |  | 4 |  |  | 105 |
Partnership Earnings |  | — |  |  | 13,738 |  |  | 4,169 |  |  | 17,869 |  |  | 729 |  |  | 36,505 |
Unit-based compensation |  | — |  |  | 1,442 |  |  | — |  |  | — |  |  | (1,263 | ) |  | 179 |
Balance at September 30, 2013 |  | $ | — |  |  | $ | 184,656 |  |  | $ | (181,071 | ) |  | $ | 58,697 |  |  | $ | (2,202 | ) |  | $ | 60,080 |
(1) Cash distributions include $94.8 million in cash payments for the Tyler Acquisition. As an entity under common control with Delek, we record the assets that we acquire from Delek on our balance sheet at Delek's historical book value instead of fair value. Additionally, any excess of cash paid over the historical book value of the assets acquired from Delek is recorded within equity. As a result of the Tyler Acquisition, our equity balance decreased $56.5 million from December 31, 2012 to September 30, 2013. Allocations of Net Income Our partnership agreement contains provisions for the allocation of net income and loss to the unitholders and our general partner. 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 our general partner. Cash Distributions Our partnership agreement sets forth the calculation to be used to determine the amount and priority of cash distributions that the common and subordinated unitholders and general partner will receive. Our distributions are declared subsequent to quarter end. The table below summarizes the quarterly distributions related to our quarterly financial results:
Quarter Ended |  | Total Quarterly Distribution Per Unit |  | Total Quarterly Distribution Per Unit, Annualized |  | Total Cash Distribution (in thousands) |  | Date of Distribution |  | Unitholders Record Date
December 31, 2012 (1) |  | $ | 0.224 |  |  | $ | 0.90 |  |  | $ | 5,486 |  |  | February 14, 2013 |  | February 6, 2013
March 31, 2013 |  | $ | 0.385 |  |  | $ | 1.54 |  |  | $ | 9,428 |  |  | May 15, 2013 |  | May 7, 2013
June 30, 2013 |  | $ | 0.395 |  |  | $ | 1.58 |  |  | $ | 9,687 |  |  | August 13, 2013 |  | August 6, 2013
September 30, 2013 (2) |  | $ | 0.405 |  |  | $ | 1.62 |  |  | $ | 9,933 |  |  | November 14, 2013 |  | November 7, 2013
(1) Represents the period from November 7, 2012, the date of the Offering, to December 31, 2012 (2) Declared on October 25, 2013. The allocation of total quarterly cash distributions expected to be made to general and limited partners is as follows for the three and nine months ended September 30, 2013. Our distributions are declared subsequent to quarter end. Therefore, the table below represents total cash distributions applicable to the period in which the distributions are earned (in thousands, except per unit amounts):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
General partner's interest |  | $ | 198 |  |  | $ | — |  |  | $ | 580 |  |  | $ | — |
Limited partners' distribution: |  |  |  |  |  |  |  |
Common |  | 4,875 |  |  | $ | — |  |  | 14,249 |  |  | $ | — |
Subordinated |  | 4,860 |  |  | — |  |  | 14,219 |  |  | — |
Total cash distributions |  | $ | 9,933 |  |  | $ | — |  |  | $ | 29,048 |  |  | $ | — |
Cash distributions per unit |  | $ | 0.405 |  |  |  |  | $ | 1.185 |  |  |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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