SHAREHOLDERS' EQUITY AND PARTNERS' CAPITAL (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Basic and Diluted EPU for Common and Special Common Units

The following table presents basic and diluted EPU for common and special common units for the years ended December 31, 2020, 2019 and 2018 (in thousands, except per unit data):

	Year Ended December 31,
		2020			2019			2018
Net Loss Attributable to Common Unitholders	$	(352,256	)	$	(177,352	)	$	(143,148	)
Distributions to Common Unitholders - Declared Only		—			(14,638	)		(131,256	)
Distributions to Special Common Unitholders - Declared and Undeclared
Common units issued on conversion of SCUs		—			(133	)		(1,249	)
S-SCUs		(3,810	)		(4,572	)		(4,572	)
L-SCUs		(433	)		(1,732	)		(1,732	)
K-SCUs		(2,746	)		(3,375	)		(3,393	)
Total Undistributed Losses Available to Common and Special Common Unitholders	$	(359,245	)	$	(201,802	)	$	(285,350	)

Distributed Earnings:
Common units issued on conversion of SCUs	$	—		$	133		$	1,249
S-SCUs		3,810			4,572			4,572
L-SCUs		433			1,732			1,732
K-SCUs		2,746			3,375			3,393
Common Units		—			14,639			131,257

Undistributed Losses:
Common units issued on conversion of SCUs	$	—		$	—		$	—
S-SCUs		—			—			—
L-SCUs		—			—			—
K-SCUs		—			—			—
Common Units		(359,245	)		(201,802	)		(285,350	)

Weighted Average:
Common units issued on conversion of SCUs		1,534			1,758			1,872
S-SCUs		1,561			1,561			1,561
L-SCUs		572			572			572
K-SCUs		1,069			1,137			1,144
Common Units		196,850			195,142			194,430

Basic EPU:
Common units issued on conversion of SCUs	$	—		$	0.08		$	0.67
S-SCUs		2.44			2.93			2.93
L-SCUs		0.76			3.03			3.03
K-SCUs		2.57			2.97			2.96
Common Units		(1.82	)		(0.96	)		(0.79	)

Total Basic EPU	$	(1.75	)	$	(0.89	)	$	(0.72	)

Diluted EPU:
Common units issued on conversion of SCUs	$	—		$	0.08		$	0.67
S-SCUs		2.44			2.93			2.93
L-SCUs		0.76			3.03			3.03
K-SCUs		2.57			2.97			2.96
Common Units		(1.82	)		(0.96	)		(0.79	)

Total Diluted EPU	$	(1.75	)	$	(0.89	)	$	(0.72	)

Schedule of Dividends Declared and Paid for Income Tax Purposes

The allocations of dividends declared and paid for income tax purposes are as follows (income tax allocations are not applicable in 2020 due to the Company not paying any dividends in 2020):

	Year Ended December 31,
	2019			2018
Dividends declared:
Common stock	$	0.15		$	0.80		⁽¹⁾
Series D preferred stock	$	13.83		$	18.44
Series E preferred stock	$	12.42		$	16.56
Allocations:
Common stock
Ordinary income		—	%		82.83	%
Capital gains 25% rate		—	%		—	%
Return of capital		100.00	%		17.17	%
Total		100.00	%		100.00	%
Preferred stock ⁽²⁾
Ordinary income		—	%		100.00	%
Capital gains 25% rate		—	%		—	%
Return of capital		100.00	%		—	%
Total		100.00	%		100.00	%

(1)

Of the $0.075 per share dividend declared on October 29, 2018 and paid January 16, 2019, $0.075 was reported and is taxable in 2019.

(2)

The allocations for income tax purposes are the same for each series of preferred stock for each period presented.