XML 105 R76.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Partners' Capital - Additional Information (Details) $ / shares in Units, $ in Thousands | 3 Months Ended | 4 Months Ended | 6 Months Ended | 8 Months Ended | 9 Months Ended | 12 Months Ended | 24 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 26, 2013 shares | Apr. 30, 2015 USD ($) $ / shares shares | Jun. 30, 2013 shares | Aug. 31, 2013 USD ($) $ / shares shares | Sep. 30, 2014 USD ($) $ / shares shares | Dec. 31, 2015 USD ($) $ / shares shares | Dec. 31, 2014 USD ($) shares | Dec. 31, 2013 USD ($) shares | Dec. 31, 2013 $ / shares shares | Sep. 10, 2014 USD ($) | Jul. 24, 2014 USD ($)
Class B convertible preferred unit issued | shares | 9,100,000 |  |  |  |  |  |  |  |  |  |
Issuance of common units under Omnibus Incentive Compensation Plan | shares |  |  |  |  |  | 850,000 |  |  |  |  |
Equity offering | shares |  | 14,555,000 |  | 13,685,000 | 17,250,000 |  |  |  |  |  |
Net price per common unit | $ / shares |  | $ 9.53 |  | $ 9.25 | $ 10.53 |  |  |  |  |  |
Net proceeds from equity offering | $ |  | $ 133,327 |  | $ 120,696 | $ 173,932 |  |  |  |  |  |
Issuance of Partnership's units | $ |  | $ 132,588 |  | $ 119,811 | 173,504 | $ 132,588 | $ 173,504 | $ 192,368 |  |  |
Stock Repurchased Retired During Period Cash Outflow | $ |  |  |  |  | $ 60,000 | 0 | 60,000 | $ 0 |  |  |
Stock Repurchased Cancelled During Period Units | shares |  |  |  |  | 5,950,610 |  |  |  |  |  |
Advances for vessels under construction - related party | $ |  |  |  |  |  | $ 18,172 | $ 66,641 |  |  |  |
Number of vessels |  |  |  |  |  | 34 |  |  |  |  |
Class B Convertible Preferred Unit Subscription Agreement |  |  |  |  |  |  |  |  |  |  |
Class B convertible preferred unit issued | shares |  |  | 24,655,554 |  |  |  |  |  |  |  |
Conversion price of the Preferred units | $ / shares |  |  |  |  |  |  |  |  | $ 9 |  |
Preferred units conversion rate | shares |  |  |  |  |  |  |  |  | 1 |  |
May 23, June 6, 2012 and 2013 Class B Convertible Preferred Units Subscription Agreements Conversion Terms |  |  |  |  |  | Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price ('VWAP') and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the 'Partnership Mandatory Conversion Event') the Partnership acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full board of directors), shall have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio. The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date shall be entitled to receive, when, as and if authorized by the Partnership's board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to the Agreements in cash. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate shall be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day. |  |  |  |  |
Class B Convertible Preferred Units |  |  |  |  |  |  |  |  |  |  |
Preferred units conversion rate | shares |  |  |  |  |  | 1 |  |  |  |  |
Number of Class B convertible preferred units converted to common units | shares |  |  |  |  |  | 1,240,404 | 4,698,484 | 5,733,333 |  |  |
Limited Partners Common |  |  |  |  |  |  |  |  |  |  |
Conversion of Partnership's units | $ |  |  |  |  |  | $ 7,900 | $ 36,591 | $ 47,258 |  |  |
Issuance of Partnership's units | $ |  |  |  |  |  | 132,588 | 173,504 | 119,811 |  |  |
General Partner |  |  |  |  |  |  |  |  |  |  |
Conversion of Partnership's units | $ |  |  |  |  |  | 2,742 | 3,696 | 3,060 |  |  |
Limited Partners Preferred |  |  |  |  |  |  |  |  |  |  |
Conversion of Partnership's units | $ |  |  |  |  |  | $ (10,642) | $ (40,287) | (50,318) |  |  |
Issuance of Partnership's units | $ |  |  |  |  |  |  |  | $ 72,557 |  |  |
Underwriters Exercise of Overallotment Options |  |  |  |  |  |  |  |  |  |  |
Equity offering | shares |  | 1,755,000 |  | 1,785,000 | 2,250,000 |  |  |  |  |  |
CMTC |  |  |  |  |  |  |  |  |  |  |
Units purchased | shares |  | 1,100,000 |  |  |  |  | 332,040 |  |  |  |
Common Units converted to General Partner Units | shares |  |  |  |  |  | 315,908 | 358,624 | 349,700 |  |  |
Interest of CGP in the partnership |  |  |  |  |  | 2.00% | 2.00% |  |  |  |
Master Agreement |  |  |  |  |  |  |  |  |  |  |
Advances for vessels under construction - related party | $ |  |  |  |  |  | $ 7,921 |  |  |  | $ 30,224 |
Number of vessels |  |  |  |  |  | 5 |  |  |  |  | 5
Contracted price | $ |  |  |  |  |  |  |  |  |  |  | $ 311,500
Minimum | CMTC | Right waived |  |  |  |  |  |  |  |  |  |  |
Distribution target amount per unit | $ / shares |  |  |  |  |  | $ 0.2425 |  |  |  |  |
Maximum | CMTC | Right waived |  |  |  |  |  |  |  |  |  |  |
Distribution target amount per unit | $ / shares |  |  |  |  |  | $ 0.25 |  |  |  |  |

X
- Definition This element represents advances to a related party for vessels under construction or the excess between the fair value and the contractual cash consideration for these vessels, or both. + References No definition available. + Details
Name: | cplp_AdvancesForVesselsUnderConstruction
Namespace Prefix: | cplp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The total cost of the entities that will be acquired. + References No definition available. + Details
Name: | cplp_BusinessAcquisitionContractedPrice
Namespace Prefix: | cplp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The net price per common unit. + References No definition available. + Details
Name: | cplp_CommonUnitNetPrice
Namespace Prefix: | cplp_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of convertible Class B preferred shares that have been issued during the period. + References No definition available. + Details
Name: | cplp_ConvertiblePreferredStockSharesIssued
Namespace Prefix: | cplp_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The equity interest of the general partner in the consolidated entity. + References No definition available. + Details
Name: | cplp_GeneralPartnerOwnershipPercentage
Namespace Prefix: | cplp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of limited partner units purchased. + References No definition available. + Details
Name: | cplp_LimitedPartnersCapitalAccountUnitsPurchased
Namespace Prefix: | cplp_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Conversion terms for May 23 and June 6, 2012 and 2013 Class B Convertible Preferred Unit Subscription Agreements. + References No definition available. + Details
Name: | cplp_May23June62012And2013ClassBConvertiblePreferredUnitsSubscriptionAgreementsConversionTerms
Namespace Prefix: | cplp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash inflow from the issuance of common limited partners units during the period, net of the underwriters commissions. + References No definition available. + Details
Name: | cplp_NetProceedsFromIssuanceCommonLimitedPartnersUnits
Namespace Prefix: | cplp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Number of vessels owned and/ or to be acquired by the partnership. + References No definition available. + Details
Name: | cplp_NumberOfVessels
Namespace Prefix: | cplp_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The price of conversion of convertible preferred units into common units. + References No definition available. + Details
Name: | cplp_PreferredUnitsConversionPrice
Namespace Prefix: | cplp_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The rate of conversion of convertible preferred units into common units. + References No definition available. + Details
Name: | cplp_PreferredUnitsConversionRate
Namespace Prefix: | cplp_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate amount of common units acquired and cancelled. + References No definition available. + Details
Name: | cplp_StockRepurchasedCancelledDuringPeriodUnits
Namespace Prefix: | cplp_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Cash amount used for repurchase and retire of Partnership's common units. + References No definition available. + Details
Name: | cplp_StockRepurchasedRetiredDuringPeriodCashOutflow
Namespace Prefix: | cplp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Refers to the total quarterly distribution target amount per unit. + References No definition available. + Details
Name: | cplp_TotalQuarterlyDistributionTargetAmountPerUnit
Namespace Prefix: | cplp_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 + Details
Name: | us-gaap_ConversionOfStockSharesConverted1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of limited partner units issued. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section F + Details
Name: | us-gaap_LimitedPartnersCapitalAccountUnitsIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Total contributions made by each class of partners (i.e., general, limited and preferred partners). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 + Details
Name: | us-gaap_PartnersCapitalAccountContributions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total change in each class of partners' capital accounts during the year due to exchanges and conversions. Partners include general, limited and preferred partners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 + Details
Name: | us-gaap_PartnersCapitalAccountExchangesAndConversions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of units converted into shares of each class of partners' capital account. Units represent shares of ownership of the general, limited, and preferred partners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 16 -Subparagraph a, b -Article 6 + Details
Name: | us-gaap_PartnersCapitalAccountUnitsConverted
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis=us-gaap_UnitDistributionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_ConvertiblePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_LimitedPartnerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_GeneralPartnerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_PreferredPartnerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cplp_UnderwritersExerciseOverallotmentOptionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cplp_CmtcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=cplp_MasterAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=cplp_RightWaivedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |