XML 25 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net revenues:        
Affiliates $ 53,080 $ 39,824 $ 114,724 $ 76,443
Third party 113,200 86,945 219,477 179,799
Total revenue 166,280 126,769 334,201 256,242
Operating costs and expenses:        
Cost of goods sold 106,016 85,039 225,048 177,629
Operating expenses 14,917 9,966 27,494 20,324
General and administrative expenses 3,747 2,656 6,722 5,504
Depreciation and amortization 7,019 5,742 13,019 10,935
(Gain) loss on asset disposals (129) (5) (69) 7
Total operating costs and expenses 131,570 103,398 272,214 214,399
Operating income 34,710 23,371 61,987 41,843
Interest expense, net 10,926 5,462 18,988 9,533
Income from equity method investments (1,899) (1,176) (2,757) (1,421)
Total non-operating expenses, net 9,027 4,286 16,231 8,112
Income before income tax expense 25,683 19,085 45,756 33,731
Income tax expense 101 108 179 159
Net income attributable to partners 25,582 18,977 45,577 33,572
Comprehensive income attributable to partners 25,582 18,977 45,577 33,572
Less: General partner's interest in net income, including incentive distribution rights 6,212 4,552 11,842 8,661
Limited partners' interest in net income $ 19,370 $ 14,425 $ 33,735 $ 24,911
Weighted average limited partner units outstanding:        
Cash distributions per limited partner unit (in dollars per share) $ 0.770 $ 0.705 $ 1.52 $ 1.3950
Common Units        
Net income per limited partner unit:        
Common units - (basic) (in dollars per share) 0.79 0.59 1.38 1.02
Common units - (diluted) (in dollars per share) $ 0.79 $ 0.59 $ 1.38 $ 1.02
Weighted average limited partner units outstanding:        
Common units - (basic) (in shares) 24,386,031 24,335,338 24,384,341 24,331,991
Common units - (diluted) (in shares) 24,394,103 24,375,946 24,391,760 24,371,540