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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net Sales:      
Affiliate [1] $ 149,564 $ 152,564 $ 114,583
Third party 298,495 437,105 726,670
Net sales 448,059 589,669 841,253
Operating costs and expenses:      
Cost of goods sold 302,158 436,304 697,221
Operating expenses 37,198 44,923 39,465
General and administrative expenses 10,256 11,384 10,616
Depreciation and amortization 20,813 19,692 15,022
(Gain) loss on asset disposals (16) 104 83
Total operating costs and expenses 370,409 512,407 762,407
Operating income 77,650 77,262 78,846
Interest expense, net 13,587 10,658 8,656
Loss on equity method investments 1,178 588 0
Total non-operating expenses 14,765 11,246 8,656
Income before income tax expense (benefit) 62,885 66,016 70,190
Income tax expense (benefit) 81 (195) 132
Net income 62,804 66,211 70,058
Less: loss attributable to the Logistics Assets Predecessor 0 (637) (1,939)
Net income attributable to partners 62,804 66,848 71,997
Comprehensive income attributable to partners 62,804 66,848 71,997
Less: General partner's interest in net income, including incentive distribution rights 12,193 5,163 2,366
Limited partners' interest in net income $ 50,611 $ 61,685 $ 69,631
Weighted average limited partner units outstanding:      
Cash distributions per limited partner unit $ 2.575 $ 2.240 $ 1.900
Common Units [Member]      
Net income per limited partner unit:      
Common units - (basic) [2] 2.08 2.55 2.88
Common units - (diluted) [2] $ 2.07 $ 2.52 $ 2.85
Weighted average limited partner units outstanding:      
Common units - (basic) [2] 22,490,264 12,237,154 12,171,548
Common units - (diluted) [2] 22,558,717 12,356,914 12,302,629
Subordinated- Delek      
Net income per limited partner unit:      
Subordinated units - Delek (basic and diluted) [2] $ 2.19 $ 2.54 $ 2.88
Weighted average limited partner units outstanding:      
Subordinated units - Delek (basic and diluted) [2] 1,803,167 11,999,258 11,999,258
[1] See Note 4 for a description of our material affiliate revenue transactions.
[2] We base our calculation of net income per unit on the weighted-average number of common and subordinated limited partner units outstanding during the period. The weighted-average number of common and subordinated units reflect the conversion of the subordinated units to common units on February 25, 2016. See Notes 5 and 12 for further discussion.