Equity (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Capital Units [Table Text Block]

The table below summarizes the changes in the number of units outstanding through December 31, 2013 (in units). There were no units outstanding prior to our initial public offering in November 2012.



	Common - Public	Common - Delek	Subordinated	General Partner	Total
Units issued in initial public offering in November 2012	9,200,000	2,799,258	11,999,258	489,766	24,488,282
Balance at December 31, 2012	9,200,000	2,799,258	11,999,258	489,766	24,488,282
GP units issued to maintain 2% interest	—	—	—	3,127	3,127
Unit-based compensation awards ⁽¹⁾	153,240	—	—	—	153,240
Balance at December 31, 2013	9,353,240	2,799,258	11,999,258	492,893	24,644,649

Schedule Of Calculation Of Net Income Applicable To Partners [Table Text Block]

The calculation of net income allocated to the partners is as follows (in thousands, except per unit amounts):



	Year Ended December 31,
	2013			2012
Net income attributable to partners	$	47,830		$	8,410
General partner's ownership interest	2.0		%	2.0		%
Less: General partner's allocated interest in net income	957			168
Limited partners' interest in net income:	46,873			8,242
Limited partners' allocated interest in net income - (common)	$	23,490		$	4,121
Limited partners' allocated interest in net income - (subordinated)	$	23,383		$	4,121

Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution [Table Text Block]

The following table illustrates the percentage allocations of available cash from operating surplus between the unitholders and our general partner based on the specified target distribution levels. The amounts set forth under “Marginal Percentage Interest in Distributions” are the percentage interests of our general partner and the unitholders in any available cash from operating surplus we distribute up to and including the corresponding amount in the column “Total Quarterly Distribution per Unit Target Amount.” The percentage interests shown for our unitholders and our general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests set forth below for our general partner include its 2.0% general partner interest and assume that our general partner has contributed any additional capital necessary to maintain its general partner interest, our general partner has not transferred its incentive distribution rights and that there are no arrearages on common units.



	Total Quarterly	Marginal Percentage
	Distribution per Unit	Interest in Distributions
	Target Amount	Unitholders		General Partner
Minimum quarterly distribution	$0.37500	98.0	%	2.0	%
First target distribution	above $0.37500 up to $0.43125	98.0	%	2.0	%
Second target distribution	above $0.43125 up to $0.46875	85.0	%	15.0	%
Third target distribution	above $0.46875 up to $0.56250	75.0	%	25.0	%
Thereafter	above $0.56250	50.0	%	50.0	%

Schedule of Distributions Made to Members or Limited Partners, by Distribution [Table Text Block]

The table below summarizes the minimum 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, 2013	$0.415	$1.66	$10,228	February 13, 2014	February 4, 2014
September 30, 2013	$0.405	$1.62	$9,933	November 14, 2013	November 7, 2013
June 30, 2013	$0.395	$1.58	$9,687	August 13, 2013	August 6, 2013
March 31, 2013	$0.385	$1.54	$9,428	May 15, 2013	May 7, 2013
December 31, 2012 (from November 7, 2012) ⁽¹⁾	$0.224	$0.90	$5,486	February 14, 2013	February 6, 2013

The calculation of net income allocated to the partners is as follows (in thousands, except per unit amounts):



	Year Ended December 31,
	2013			2012
Net income attributable to partners	$	47,830		$	8,410
General partner's ownership interest	2.0		%	2.0		%
Less: General partner's allocated interest in net income	957			168
Limited partners' interest in net income:	46,873			8,242
Limited partners' allocated interest in net income - (common)	$	23,490		$	4,121
Limited partners' allocated interest in net income - (subordinated)	$	23,383		$	4,121

Therefore, the table below represents total cash distributions applicable to the period in which the distributions are earned (in thousands, except per unit amounts):



	Year Ended December 31,
	2013		2012
General partner's distributions	$	785	$	110

Limited partners' distributions:
Common	19,292		2,688
Subordinated	19,199		2,688
Total cash distributions	$	39,276	$	5,486

Cash distributions per unit	$	1.600	$	0.224

- Definition

Tabular disclosure of incentive payments in cash or stock or units paid during the accounting period to managing members or general partners of a limited liability corporation or limited partnership, as governed by the operating or partnership agreement. Disclosure may include identification of recipient, payments made, minimum distribution level, date payments are received, distributions per unit and per year, subsequent distribution amount and date.

+ References+ Details