v3.3.1.900
Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of quarterly financial data
Summarized quarterly financial data for December 31, 2015 and 2014:

 
Year Ended December 31, 2015
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
 
 
 
 
 
 
 
 
(in thousands, except per unit data)
Net sales
$
93,050

 
$
80,815

 
$
49,325

 
$
66,004

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization) – Affiliates
1,818

 
2,184

 
1,147

 
1,552

Cost of product sold (exclusive of depreciation and amortization) – Third parties
23,951

 
13,240

 
13,354

 
7,943

 
25,769

 
15,424

 
14,501

 
9,495

Direct operating expenses (exclusive of depreciation and amortization) – Affiliates
1,027

 
1,195

 
1,030

 
841

Direct operating expenses (exclusive of depreciation and amortization) – Third parties
23,387

 
23,951

 
32,149

 
22,476

 
24,414

 
25,146

 
33,179

 
23,317

Selling, general and administrative expenses (exclusive of depreciation and amortization) – Affiliates
3,267

 
3,361

 
3,661

 
3,672

Selling, general and administrative expenses (exclusive of depreciation and amortization) – Third parties
1,316

 
1,162

 
2,381

 
1,948

 
4,583

 
4,523

 
6,042

 
5,620

Depreciation and amortization
6,819

 
7,010

 
7,409

 
7,214

Total operating costs and expenses
61,585

 
52,103

 
61,131

 
45,646

Operating income (loss)
31,465

 
28,712

 
(11,806
)
 
20,358

Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(1,697
)
 
(1,717
)
 
(1,727
)
 
(1,739
)
Interest income
12

 
12

 
10

 
6

Other income, net
6

 
5

 
54

 
99

Total other income (expense)
(1,679
)
 
(1,700
)
 
(1,663
)
 
(1,634
)
Income before income tax expense (benefit)
29,786

 
27,012

 
(13,469
)
 
18,724

Income tax expense (benefit)
12

 
(4
)
 
9

 
(7
)
Net income (loss)
$
29,774

 
$
27,016

 
$
(13,478
)
 
$
18,731

Net income (loss) per common unit – basic
$
0.41

 
$
0.37

 
$
(0.18
)
 
$
0.26

Net income (loss) per common unit – diluted
$
0.41

 
$
0.37

 
$
(0.18
)
 
$
0.26

Weighted-average common units outstanding:
 
 
 
 
 
 
 
Basic
73,123

 
73,123

 
73,123

 
73,123

Diluted
73,131

 
73,131

 
73,123

 
73,131

 
Year Ended December 31, 2014
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
 
 
 
 
 
 
 
 
(in thousands, except per unit data)
Net sales
$
80,316

 
$
77,215

 
$
66,733

 
$
74,401

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold – Affiliates
2,246

 
2,327

 
2,232

 
2,619

Cost of product sold (exclusive of depreciation and amortization) – Third parties
19,462

 
17,109

 
13,202

 
12,755

 
21,708

 
19,436

 
15,434

 
15,374

Direct operating expenses (exclusive of depreciation and amortization) – Affiliates
753

 
817

 
621

 
833

Direct operating expenses (exclusive of depreciation and amortization) – Third parties
23,436

 
26,100

 
25,487

 
20,911

 
24,189

 
26,917

 
26,108

 
21,744

Selling, general and administrative expenses (exclusive of depreciation and amortization) – Affiliates
3,536

 
3,973

 
3,035

 
2,867

Selling, general and administrative expenses (exclusive of depreciation and amortization) – Third parties
1,118

 
1,297

 
928

 
949

 
4,654

 
5,270

 
3,963

 
3,816

Depreciation and amortization
6,667

 
6,792

 
6,812

 
6,978

Total operating costs and expenses
57,218

 
58,415

 
52,317

 
47,912

Operating income
23,098

 
18,800

 
14,416

 
26,489

Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(1,659
)
 
(1,669
)
 
(1,724
)
 
(1,731
)
Interest income
6

 
6

 
7

 
11

Other income, net
15

 

 
33

 
23

Total other income (expense)
(1,638
)
 
(1,663
)
 
(1,684
)
 
(1,697
)
Income before income tax expense (benefit)
21,460

 
17,137

 
12,732

 
24,792

Income tax expense (benefit)
7

 
7

 
13

 
(55
)
Net income
$
21,453

 
$
17,130

 
$
12,719

 
$
24,847

Net income per common unit – basic
$
0.29

 
$
0.23

 
$
0.17

 
$
0.34

Net income per common unit – diluted
$
0.29

 
$
0.23

 
$
0.17

 
$
0.34

Weighted-average common units outstanding:
 
 
 
 
 
 
 
Basic
73,113

 
73,113

 
73,115

 
73,117

Diluted
73,145

 
73,146

 
73,139

 
73,133