XML 28 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net Sales:      
Affiliate [1] $ 156,280 $ 149,564 $ 152,564
Third party 381,795 298,495 437,105
Net sales 538,075 448,059 589,669
Operating costs and expenses:      
Cost of goods sold 372,890 302,158 436,304
Operating expenses 43,274 37,198 44,923
General and administrative expenses 11,840 10,256 11,384
Depreciation and amortization 21,914 20,813 19,692
(Gain) loss on asset disposals (20) (16) 104
Total operating costs and expenses 449,898 370,409 512,407
Operating income 88,177 77,650 77,262
Interest expense, net 23,944 13,587 10,658
(Income) loss from equity method investments (4,953) 1,178 588
Other income, net (1) 0 0
Total non-operating expenses 18,990 14,765 11,246
Income before income tax (benefit) expense 69,187 62,885 66,016
Income tax (benefit) expense (222) 81 (195)
Net income 69,409 62,804 66,211
Less: loss attributable to Predecessors 0 0 (637)
Net income attributable to partners 69,409 62,804 66,848
Comprehensive income attributable to partners 69,409 62,804 66,848
Less: General partner's interest in net income, including incentive distribution rights 18,429 12,193 5,163
Limited partners' interest in net income $ 50,980 $ 50,611 $ 61,685
Weighted average limited partner units outstanding:      
Cash distributions per limited partner unit $ 2.835 $ 2.575 $ 2.2400
Common Units      
Net income per limited partner unit:      
Common units - (basic) [2] 2.09 2.08 2.55
Common units - (diluted) [2] $ 2.09 $ 2.07 $ 2.52
Weighted average limited partner units outstanding:      
Common units - (basic) [2] 24,348,063 22,490,264 12,237,154
Common units - (diluted) [2] 24,376,972 22,558,717 12,356,914
Subordinated- Delek      
Net income per limited partner unit:      
Subordinated units - Delek (basic and diluted) [2] $ 0.00 $ 2.19 $ 2.54
Weighted average limited partner units outstanding:      
Subordinated units - Delek (basic and diluted) [2] 0 1,803,167 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.