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Revenue Recognition (Tables) | 3 Months Ended
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Dec. 31, 2018
Summary of Disaggregation of Revenue by Major Sources | The following disaggregates our revenue by major sources for the three months ended December 31, 2018:
| Three Months Ended December 31, |
(in thousands) | 2018 |  |  | 2017 |
Petroleum Products: |  |  |  |  |  |  |
Home heating oil and propane | $ | 364,202 |  |  | $ | 301,468 |
Other petroleum products |  | 94,505 |  |  |  | 65,266 |
Total petroleum products |  | 458,707 |  |  |  | 366,734 |
Installations and Services: |  |  |  |  |  |  |
Equipment installations |  | 29,983 |  |  |  | 27,344 |
Equipment maintenance service contracts |  | 28,319 |  |  |  | 25,397 |
Billable call services |  | 18,018 |  |  |  | 17,359 |
Total installations and services |  | 76,320 |  |  |  | 70,100 |
Total Sales | $ | 535,027 |  |  | $ | 436,834 |
ASU 2014-09 |
Summary of Impact of Adoption on Condensed Consolidated Statement of Operations and Balance Sheet | Effective October 1, 2018 we adopted the requirements of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The adoption was not material to the financial statements presented. In accordance with the new revenue standard requirements, our condensed consolidated statement of operations and the consolidated balance sheet were impacted due to the deferment of commissions provided to Company employees that were previously expensed as incurred, the deferment of certain upfront credits provided to customers upon entering into a new annual product or service contract as contra-revenue that were previously expensed as incurred and recorded as delivery and branch expense, and the allocation of transaction price of certain combination of contracts that were previously accounted for as separate contracts. The impact of adoption on our condensed consolidated statement of operations and balance sheet, as of and for the three months ended December 31, 2018 was as follows (in thousands):
| Three months ended December 31, 2018 |
Statement of Operations | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
Sales: |  |  |  |  |  |  |  |  |  |  |
Product | $ | 458,707 |  |  | $ | 462,153 |  |  | $ | (3,446 | )
Installations and services |  | 76,320 |  |  |  | 74,794 |  |  |  | 1,526 |
Total Sales |  | 535,027 |  |  |  | 536,947 |  |  |  | (1,920 | )
Cost and Expenses: |  |  |  |  |  |  |  |  |  |  |
Delivery and branch expenses |  | 102,673 |  |  |  | 105,209 |  |  |  | (2,536 | )
Operating income |  | 6,063 |  |  |  | 5,447 |  |  |  | 616 |
Income before income taxes |  | 3,288 |  |  |  | 2,672 |  |  |  | 616 |
Income tax expense |  | 973 |  |  |  | 791 |  |  |  | 182 |
Net income | $ | 2,315 |  |  | $ | 1,881 |  |  | $ | 434 |
General Partner's interest in net income |  | 15 |  |  |  | 13 |  |  |  | 2 |
Limited Partner's interest in net income | $ | 2,300 |  |  | $ | 1,868 |  |  | $ | 432 |
Basic and diluted income per Limited Partner Unit | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | - |
| December 31, 2018 |
Balance Sheet | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
Assets |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | $ | 48,657 |  |  | $ | 41,823 |  |  | $ | 6,834 |
Deferred charges and other assets, net | $ | 18,774 |  |  | $ | 12,182 |  |  | $ | 6,592 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Deferred tax liabilities, net | $ | 24,367 |  |  | $ | 20,599 |  |  | $ | 3,768 |
Partners' capital |  |  |  |  |  |  |  |  |  |  |
Common unitholders | $ | 328,633 |  |  | $ | 319,037 |  |  | $ | 9,596 |
General partner | $ | (1,416 | ) |  | $ | (1,478 | ) |  | $ | 62 |

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