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Partners' Capital | 6 Months Ended
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Jun. 30, 2019
Partners' Capital [Abstract] |
Partners' Capital | 10. Partners’ Capital As of June 30, 2019 and December 31, 2018 the Partnership’s partners’ capital was comprised of the following units:
|  | As of June 30, 2019 |  |  | As of December 31, 2018 (adjusted for the March 2019 reverse split) |
Common units |  |  | 18,178,100 |  |  |  | 18,178,100 |
General partner units |  |  | 348,570 |  |  |  | 348,570 |
Preferred units |  |  | - |  |  |  | 12,983,333 |
Total partnership units |  |  | 18,526,670 |  |  |  | 31,510,003 |
On March 27, 2019, in connection with the DSS Transaction, the Partnership effected a reverse split of its common and general partner units, reducing the number of common units issued and outstanding from 127,246,692 to 18,178,100 and the number of general partner units issued and outstanding from 2,439,989 to 348,570. In addition, the Partnership redeemed and retired all outstanding Class B Convertible Preferred Units at 100% of par value, translating into a redemption price of $116,850, and paid to Class B Convertible Preferred Units holders the pro-rata dividends for the period from January 1, 2019 to March 27, 2019, which amounted to $2,652. The difference between the carrying amount of Class B Convertible Preferred Units at the time of their redemption and their redemption price amounted to $6,344. The difference was considered as deemed dividends to preferred unit holders and was presented as income attributable to preferred unit holders in the Partnership’s unaudited condensed consolidated financial statements. Details of the Partnership’s partner’s capital are discussed in Note 12 of the Partnership’s Consolidated Financial Statements for the year ended December 31, 2018. During the six-month periods ended June 30, 2019 and 2018, the Partnership declared and paid the following distributions to its common and preferred unit holders:
| May 3, 2019 | January 22, 2019 | April 18, 2018 | January 17, 2018
Common unit holders |  |  |  |
Distributions per common unit declared (adjusted for the March 2019 reverse split) | 0.315 | 0.315 | 0.56 | 0.56
Common units entitled to distribution (adjusted for the March 2019 reverse split ) | 18,178,100 | 18,178,100 | 18,178,100 | 18,178,100
General partner and IDR distributions | $110 | $110 | $195 | $195
Preferred unit holders |  |  |  |
Distributions per preferred unit declared | - | 0.21375 | 0.21375 | 0.21375
Preferred units entitled to distribution | - | 12,983,333 | 12,983,333 | 12,983,333

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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