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Net Income Per Unit (Tables)
6 Months Ended
Jun. 30, 2015
Net Income Per Unit [Abstract]  
Net Income Per Unit [Table Text Block]
Our distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below represents total cash distributions applicable to the period in which the distributions are earned. The expected date of distribution for the distributions earned during the period ended June 30, 2015 is August 14, 2015. The calculation of net income per unit is as follows (dollars in thousands, except per unit amounts):
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2015
 
2014
 
2015
 
2014
Net income attributable to partners
 
$
18,311

 
$
21,754

 
$
32,951

 
$
36,426

Less: General partner's distribution (including IDRs) (1)
 
1,030

 
424

 
1,898

 
633

Less: Limited partners' distribution
 
6,738

 
5,787

 
13,213

 
10,952

Less: Subordinated partner's distribution
 
6,600

 
5,699

 
12,959

 
10,799

Earnings in excess of distributions
 
$
3,943

 
$
9,844

 
$
4,881

 
$
14,042

 
 
 
 
 
 
 
 
 
General partner's earnings:
 
 
 
 
 
 
 
 
Distributions (including IDRs) (1)
 
$
1,030

 
$
424

 
$
1,898

 
$
633

Allocation of earnings in excess of distributions
 
79

 
196

 
98

 
281

Total general partner's earnings
 
$
1,109

 
$
620

 
$
1,996

 
$
914

 
 
 
 
 
 
 
 
 
Limited partners' earnings on common units:
 
 
 
 
 
 
 
 
Distributions
 
$
6,738

 
$
5,787

 
$
13,213

 
$
10,952

Allocation of earnings in excess of distributions
 
1,952

 
4,861

 
2,416

 
6,930

Total limited partners' earnings on common units
 
$
8,690

 
$
10,648

 
$
15,629

 
$
17,882

 
 
 
 
 
 
 
 
 
Limited partners' earnings on subordinated units:
 
 
 
 
 
 
 
 
Distributions
 
$
6,600

 
$
5,699

 
$
12,959

 
$
10,799

Allocation of earnings in excess of distributions
 
1,912

 
4,787

 
2,367

 
6,831

Total limited partner's earnings on subordinated units
 
$
8,512

 
$
10,486

 
$
15,326

 
$
17,630

 
 
 
 
 
 
 
 
 
Weighted average limited partner units outstanding:
 
 
 
 
 
 
 
 
Common units - (basic)
 
12,224,007

 
12,159,732

 
12,220,248

 
12,156,135

Common units - (diluted)
 
12,360,519

 
12,291,273

 
12,350,621

 
12,281,598

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

 
11,999,258

 
11,999,258

 
11,999,258

 
 
 
 
 
 
 
 
 
Net income per limited partner unit:
 
 
 
 
 
 
 
 
Common units - (basic)
 
$
0.71

 
$
0.88

 
$
1.28

 
$
1.47

Common units - (diluted)
 
$
0.70

 
$
0.87

 
$
1.27

 
$
1.46

Subordinated units - Delek (basic and diluted)
 
$
0.71

 
$
0.87

 
$
1.28

 
$
1.47


            

(1) General partner distributions (including IDRs) consist of the 2% general partner interest and IDRs, which represent the right of the general partner to receive increasing percentages of quarterly distributions of available cash from operating surplus in excess of $0.43125 per unit per quarter. See Note 7 for further discussion related to IDRs.