Equity (Tables)

9 Months Ended

Sep. 30, 2015

The summarized changes in the carrying amount of our equity are as follows (in thousands):



	Equity of Predecessors			Common - Public			Common - Delek ⁽¹⁾			Subordinated - Delek			General Partner ⁽¹⁾			Total
Balance at December 31, 2014	$	19,726		$	194,737		$	(241,112	)	$	73,515		$	(7,085	)	$	39,781
Sponsor contributions of equity to the Logistics Assets Predecessor	115			—			—			—			—			115
Loss attributable to the Logistics Assets Predecessor	(637		)	—			—			—			—			(637		)
Allocation of net assets acquired by the unitholders	(19,204		)	—			18,820			—			384			—
Cash distributions	—			(15,193		)	(65,102		)	(19,079		)	(3,843		)	(103,217		)
Sponsor contribution of fixed assets	—			—			410			—			8			418
Net income attributable to partners	—			18,764			5,563			23,847			3,379			51,553
Unit-based compensation	—			578			172			735			(1,187		)	298
Other	—			(359		)	(108		)	(460		)	958			31
Balance at September 30, 2015	$	—		$	198,527		$	(281,357	)	$	78,558		$	(7,386	)	$	(11,658	)

⁽¹⁾ Cash distributions include $61.9 million in cash payments for the El Dorado Offloading Racks Acquisition and the Tyler Crude Tank 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 basis instead of fair value. Additionally, any excess of cash paid over the historical book basis of the assets acquired from Delek is recorded within equity. As a result of the El Dorado Offloading Racks Acquisition and the Tyler Crude Tank Acquisition, our equity balance decreased $42.7 million during the nine months ended September 30, 2015. Distributions also include $0.2 million related to distribution equivalents on vested phantom units.

Schedule of Allocation of Net Income to General Partner [Table Text Block]

The following table presents the allocation of the general partner's interest in net income (in thousands, except percentage of ownership interest):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net income attributable to partners	$	18,602		$	15,085		$	51,553		$	51,511
Less: General partner's IDRs	(1,032		)	(302		)	(2,396		)	(491		)
Net income available to partners	$	17,570		$	14,783		$	49,157		$	51,020
General partner's ownership interest	2.0		%	2.0		%	2.0		%	2.0		%
General partner's allocated interest in net income	$	351		$	296		$	983		$	1,020
General partner's IDRs	1,032			302			2,396			491
Total general partner's interest in net income	$	1,383		$	598		$	3,379		$	1,511

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 our 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 our unitholders in any available cash from operating surplus that 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 (i) our general partner has contributed any additional capital necessary to maintain its 2.0% general partner interest, (ii) our general partner has not transferred its IDRs, and (iii) there are no arrearages on common units.



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

Distributions Made to Limited Partner, by Distribution [Table Text Block]

The table below summarizes the quarterly distributions related to our quarterly financial results:



Quarter Ended	Total Quarterly Distribution Per Limited Partner Unit		Total Quarterly Distribution Per Limited Partner Unit, Annualized		Total Cash Distribution, including general partner IDRs (in thousands)		Date of Distribution	Unitholders Record Date
December 31, 2013	$	0.415	$	1.66	$	10,228	February 13, 2014	February 4, 2014
March 31, 2014	$	0.425	$	1.70	$	10,474	May 14, 2014	May 6, 2014
June 30, 2014	$	0.475	$	1.90	$	11,910	August 14, 2014	August 7, 2014
September 30, 2014	$	0.490	$	1.96	$	12,394	November 14, 2014	November 6, 2014
December 31, 2014	$	0.510	$	2.04	$	13,056	February 13, 2015	February 6, 2015
March 31, 2015	$	0.530	$	2.12	$	13,702	May 14, 2015	May 4, 2015
June 30, 2015	$	0.550	$	2.20	$	14,368	August 14, 2015	August 6, 2015
September 30, 2015	$	0.570	$	2.28	$	15,136	November 13, 2015⁽¹⁾	November 6, 2015

⁽¹⁾ Expected date of distribution.

The allocation of total quarterly cash distributions expected to be made on November 13, 2015 to general and limited partners for the three and nine months ended September 30, 2015 is set forth in the table below. Distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below presents 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,
	2015		2014		2015		2014
General partner's distributions:
General partner's distributions	$	282	$	242	$	816	$	686
General partner's IDRs	1,032		302		2,396		491
Total general partner's distributions	1,314		544		3,212		1,177

Limited partners' distributions:
Common	6,983		5,970		20,196		16,922
Subordinated	6,839		5,880		19,798		16,679
Total limited partners' distributions	13,822		11,850		39,994		33,601
Total cash distributions	$	15,136	$	12,394	$	43,206	$	34,778

Cash distributions per limited partner unit	$	0.570	$	0.490	$	1.650	$	1.390