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Common Unit Repurchase And Retirement
 6 Months Ended
Mar. 31, 2012
Common Unit Repurchase And Retirement [Abstract]  
Common Unit Repurchase And Retirement

2) Common Unit Repurchase and Retirement

In July 2010, the Board of Directors of the Partnership's General Partner ("BOD") authorized the repurchase of up to 7.0 million of the Partnership's common units ("Plan II"). In December 2011, the BOD authorized the repurchase of an additional 250 thousand common units. By February 2012, all 7.25 million common units authorized for repurchase under the Plan II program were repurchased at an average price paid per unit of $4.94 and were retired. The Partnership's repurchase activities took into account SEC safe harbor rules and guidance for issuer repurchases.

The BOD has not authorized the repurchase of any additional units.

 

(in thousands, except per unit amounts)                     

Period

    Total Number of Units
Purchased as Part of a
Publicly  Announced Plan or
Program		      Average Price
Paid per Unit
(b)		      Maximum Number of Units
that May Yet Be Purchased
Under the Plan II Program		  

Plan II - Number of units authorized (a)

            7,250   
  

 

 

     

 

 

     

Plan II - Fiscal year 2010 total

      1,197       $ 4.44         6,053   
  

 

 

     

 

 

     

Plan II - Fiscal year 2011 total (c)

      2,108       $ 5.19         3,945   
  

 

 

     

 

 

     

Plan II - October 2011

      226       $ 4.96         3,719   

Plan II - November 2011

      215       $ 4.95         3,504   

Plan II - December 2011 (d)

      2,007       $ 5.21         1,497   
  

 

 

     

 

 

     

Plan II - First quarter fiscal year 2012 total

      2,448       $ 5.17         1,497   
  

 

 

     

 

 

     

Plan II - January 2012

      1,220       $ 4.63         277   

Plan II - February 2012

      277       $ 4.54         —     
  

 

 

     

 

 

     

Plan II - Second quarter fiscal year 2012 total

      1,497       $ 4.62         —     
  

 

 

     

 

 

     

Plan II - Total number of units repurchased

      7,250       $ 4.94         —     
  

 

 

     

 

 

     

 

(a) In July 2010, the BOD authorized 7.0 million common units for repurchase. In December 2011, the BOD authorized an additional 250 thousand common units for repurchase.
(b) Amounts include repurchase costs.
(c) Fiscal year 2011 common unit repurchase include 1.5 million common units acquired in a private sale.
(d) December 2011 common unit repurchase include 1.75 million common units acquired in a private sale.