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Subsequent Events
3 Months Ended
Dec. 31, 2014
Subsequent Events

13) Subsequent Events

Quarterly Distribution Declared

In January 2015, we declared a quarterly distribution of $0.0875 per unit, or $0.35 per unit on an annualized basis, on all Common Units with respect to the first quarter of fiscal 2015, payable on February 10, 2015, to holders of record on January 30, 2015. In accordance with our Partnership Agreement, the amount of distributions in excess of the minimum quarterly distribution of $0.0675, are distributed 90% to Common Unit holders and 10% to the General Partner unit holders (until certain distribution levels are met), subject to the management incentive compensation plan. As a result, $5.0 million will be paid to the Common Unit holders, $0.1 million to the General Partner unit holders (including $0.06 million of incentive distribution as provided in our Partnership Agreement) and $0.06 million to management pursuant to the management incentive compensation plan which provides for certain members of management to receive incentive distributions that would otherwise be payable to the General Partner.

Acquisition

In January 2015, the Partnership purchased for cash the customer lists and assets of a propane dealership for approximately $1.1 million, including net working capital credits of $0.1 million.