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Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Summary of Changes in Carrying Amount of Equity
The summarized changes in the carrying amount of our equity from December 31, 2017 through March 31, 2018 are as follows (in thousands):
 
 
Common - Public
 
Common - Delek
 
General Partner
 
Total
Balance at December 31, 2017
 
$
174,378

 
$
(197,206
)
 
$
(6,397
)
 
$
(29,225
)
Distributions to unitholders and general partner related to Big Spring Asset Acquisition


 
(96,822
)
 
(1,976
)
 
(98,798
)
Cash distributions
(6,590
)
 
(11,088
)
 
(5,100
)
 
(22,778
)
Net income attributable to partners
5,355

 
9,010

 
5,630

 
19,995

Unit-based compensation
54

 
91

 
2

 
147

Other

 

 
13

 
13

Balance at March 31, 2018
 
$
173,197

 
$
(296,015
)
 
$
(7,828
)
 
$
(130,646
)
Summary of Allocation of General Partner's Interest in Net Income
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 March 31,
 
 
2018
 
2017
Net income attributable to partners
 
$
19,995

 
$
14,595

Less: General partner's IDRs
 
(5,337
)
 
(3,895
)
Net income available to partners
 
$
14,658

 
$
10,700

General partner's ownership interest
 
2.0
%
 
2.0
%
General partner's allocated interest in net income
 
$
293

 
$
214

General partner's IDRs
 
5,337

 
3,895

Total general partner's interest in net income
 
$
5,630

 
$
4,109

Summary of Percentage Allocations of Available Cash From Operating Surplus
The following table illustrates the percentage allocations of available cash from operating surplus between the 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 and (ii) our general partner has not transferred its IDRs.
 
 
 
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
%
Summary of Distributions
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 interest and IDRs (in thousands)
 
Date of Distribution
 
Unitholders Record Date
March 31, 2017
 
$
0.690

 
$
2.76

 
$
21,024

 
May 12, 2017
 
May 5, 2017
June 30, 2017
 
$
0.705

 
$
2.82

 
$
21,783

 
August 11, 2017
 
August 4, 2017
September 30, 2017
 
$
0.715

 
$
2.86

 
$
22,270

 
November 14, 2017
 
November 7, 2017
December 31, 2017
 
$
0.725

 
$
2.90

 
$
22,777

 
February 12, 2018
 
February 2, 2018
March 31, 2018
 
$
0.750

 
$
3.00

 
$
23,997

 
May 15, 2018 (1)
 
May 7, 2018
            
(1) Expected date of distribution.
The allocation of total quarterly cash distributions expected to be made on May 15, 2018 to general and limited partners for the three months ended March 31, 2018 and the allocation of total quarterly cash distributions for the three months ended March 31, 2017 are 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 March 31,
 
 
2018
 
2017
General partner's distributions:
 
 
 
 
     General partner's distributions
 
$
373

 
$
342

     General partner's IDRs
 
5,337

 
3,895

          Total general partner's distributions
 
5,710

 
4,237

 
 
 
 
 
Limited partners' distributions:
 
 
 
 
          Common limited partners' distributions
 
18,287

 
16,787

 
 
 
 
 
               Total cash distributions
 
$
23,997

 
$
21,024

 
 
 
 
 
Cash distributions per limited partner unit
 
$
0.750

 
$
0.690