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Net Income Per Unit (Tables)
3 Months Ended
Mar. 31, 2014
Net Income Per Unit [Abstract]  
Net Income Per Unit [Table Text Block]
Our distributions are declared subsequent to quarter end. Therefore, the table represents total cash distributions applicable to the period in which the distributions are earned. The calculation of net income per unit is as follows (dollars in thousands, except per unit amounts):
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
Net Income
 
$
14,672

 
$
12,204

 
Less: General partner's distribution
 
209

 
189

 
Less: Limited partners' distribution
 
5,165

 
4,620

 
Less: Subordinated partner's distribution
 
5,100

 
4,620

 
Earnings in excess of distributions
 
$
4,198

 
$
2,775

 
 
 
 
 
 
 
General partner's earnings:
 
 
 
 
 
Distributions
 
$
209

 
$
189

 
Allocation of earnings in excess of distributions
 
84

 
55

 
Total general partner's earnings
 
$
293

 
$
244

 
 
 
 
 
 
 
Limited partners' earnings on common units:
 
 
 
 
 
Distributions
 
$
5,165

 
$
4,620

 
Allocation of earnings in excess of distributions
 
2,070

 
1,360

 
Total limited partners' earnings on common units
 
$
7,235

 
$
5,980

 
 
 
 
 
 
 
Limited partners' earnings on subordinated units:
 
 
 
 
 
Distributions
 
$
5,100

 
$
4,620

 
Allocation of earnings in excess of distributions
 
2,044

 
1,360

 
Total limited partner's earnings on subordinated units
 
$
7,144

 
$
5,980

 
 
 
 
 
 
 
Weighted average limited partner units outstanding:
 
 
 
 
 
Common units - (basic)
 
12,152,498

 
11,999,258

 
Common units - (diluted)
 
12,281,344

 
12,092,922

 
Subordinated units - Delek (basic and diluted)
 
11,999,258

 
11,999,258

 
 
 
 
 
 
 
Net income per limited partner unit:
 
 
 
 
 
Common - (basic)
 
$
0.60

 
$
0.50

 
Common - (diluted)
 
$
0.59

 
$
0.50

 
Subordinated - (basic and diluted)
 
$
0.60

 
$
0.50