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Segment Data (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Summary Segment Data

The following is a summary of business segment operating performance as measured by contribution margin for the periods indicated (in thousands):

		Three Months Ended
		March 31,
		2018				2017
Pipelines and Transportation
Net revenues:
Affiliate		$	29,462			$	26,500
Third party		4,251				2,177
Total pipelines and transportation		33,713				28,677
Operating costs and expenses:
Cost of goods sold		4,441				4,405
Operating expenses		9,622				8,155
Segment contribution margin		19,650				$	16,117
Capital spending (excluding business combinations) (1)		$	1,408			$	2,137
Wholesale Marketing and Terminalling
Net revenues:
Affiliate		$	32,182			$	10,119
Third party		102,026				90,677
Total wholesale marketing and terminalling		134,208				100,796
Operating costs and expenses:
Cost of goods sold		114,591				88,185
Operating expenses		2,955				2,203
Segment contribution margin		16,662				$	10,408
Capital spending (excluding business combinations) (1)		$	789			$	654
Consolidated
Net revenues:
Affiliate		$	61,644			$	36,619
Third party		106,277				92,854
Total consolidated		167,921				129,473
Operating costs and expenses:
Cost of goods sold		119,032				92,590
Operating expenses		12,577				10,358
Contribution margin		36,312				26,525
General and administrative expenses		2,975				2,848
Depreciation and amortization		6,000				5,193
Loss on asset disposals		60				12
Operating income		$	27,277			$	18,472
Capital spending (excluding business combinations) (1)		$	2,197			$	2,791

⁽¹⁾ Capital spending excludes transaction costs capitalized in the amount of $0.4 million that relate to the Big Spring Assets Acquisition.

The following table summarizes the total assets for each segment as of March 31, 2018 and December 31, 2017 (in thousands).

		March 31, 2018				December 31, 2017
Pipelines and transportation		$	417,781			$	349,351
Wholesale marketing and terminalling		248,165				94,179
Total assets		$	665,946			$	443,530

Property, plant and equipment and accumulated depreciation as of March 31, 2018 and depreciation expense by reporting segment for the three months ended March 31, 2018 were as follows (in thousands):

		Pipelines and Transportation				Wholesale Marketing and Terminalling				Consolidated
Property, plant and equipment		$	366,380			$	78,855			$	445,235
Less: accumulated depreciation		(91,983		)		(28,935		)		(120,918		)
Property, plant and equipment, net		$	274,397			$	49,920			$	324,317
Depreciation expense		$	4,930			$	981			$	5,911

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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