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Revenue Recognition (Tables) | 9 Months Ended
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Jun. 30, 2019
Summary of Disaggregation of Revenue by Major Sources | The following disaggregates our revenue by major sources for the three and nine months ended June 30, 2019 and June 30, 2018:
| Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
(in thousands) | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Petroleum Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home heating oil and propane | $ | 115,988 |  |  | $ | 169,605 |  |  | $ | 1,034,554 |  |  | $ | 1,025,855 |
Other petroleum products |  | 94,669 |  |  |  | 86,842 |  |  |  | 272,210 |  |  |  | 220,288 |
Total petroleum products |  | 210,657 |  |  |  | 256,447 |  |  |  | 1,306,764 |  |  |  | 1,246,143 |
Installations and Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equipment installations |  | 24,344 |  |  |  | 25,472 |  |  |  | 74,711 |  |  |  | 72,513 |
Equipment maintenance service contracts |  | 32,279 |  |  |  | 30,184 |  |  |  | 87,276 |  |  |  | 81,085 |
Billable call services |  | 16,096 |  |  |  | 15,251 |  |  |  | 49,234 |  |  |  | 48,478 |
Total installations and services |  | 72,719 |  |  |  | 70,907 |  |  |  | 211,221 |  |  |  | 202,076 |
Total Sales | $ | 283,376 |  |  | $ | 327,354 |  |  | $ | 1,517,985 |  |  | $ | 1,448,219 |
ASU 2014-09 |
Summary of Impact of Adoption on Condensed Consolidated Balance Sheet and Statement of Operations | 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 Condensed Consolidated Balance Sheet were impacted due to: i) the deferment of commissions provided to Company employees that were previously expensed as incurred, ii) 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 iii) the allocation of transaction price of the combination of certain contracts that were previously accounted for as separate contracts that impacts the classification of revenue and timing of revenue recognition. The impact of adoption on our Condensed Consolidated Balance Sheet and Condensed Consolidated Statement of Operations, as of and for the three and nine months ended June 30, 2019 was as follows (in thousands):
| For the Three Months Ended June 30, 2019 |  |  | For the Nine Months Ended June 30, 2019 |
Statement of Operations | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |  |  | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product | $ | 210,657 |  |  | $ | 212,249 |  |  | $ | (1,592 | ) |  | $ | 1,306,764 |  |  | $ | 1,317,809 |  |  | $ | (11,045 | )
Installations and services |  | 72,719 |  |  |  | 70,975 |  |  |  | 1,744 |  |  |  | 211,221 |  |  |  | 206,244 |  |  |  | 4,977 |
Total Sales |  | 283,376 |  |  |  | 283,224 |  |  |  | 152 |  |  |  | 1,517,985 |  |  |  | 1,524,053 |  |  |  | (6,068 | )
Cost and Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delivery and branch expenses |  | 82,669 |  |  |  | 82,432 |  |  |  | 237 |  |  |  | 296,026 |  |  |  | 298,804 |  |  |  | (2,778 | )
Operating income (loss) |  | (29,933 | ) |  |  | (29,848 | ) |  |  | (85 | ) |  |  | 81,132 |  |  |  | 84,422 |  |  |  | (3,290 | )
Income (loss) before income taxes |  | (33,153 | ) |  |  | (33,068 | ) |  |  | (85 | ) |  |  | 71,699 |  |  |  | 74,989 |  |  |  | (3,290 | )
Income tax expense (benefit) |  | (10,055 | ) |  |  | (10,053 | ) |  |  | (2 | ) |  |  | 20,157 |  |  |  | 21,082 |  |  |  | (925 | )
Net income (loss) | $ | (23,098 | ) |  | $ | (23,015 | ) |  | $ | (83 | ) |  | $ | 51,542 |  |  | $ | 53,907 |  |  | $ | (2,365 | )
General Partner's interest in net income (loss) |  | (150 | ) |  |  | (149 | ) |  |  | (1 | ) |  |  | 319 |  |  |  | 334 |  |  |  | (15 | )
Limited Partner's interest in net income (loss) | $ | (22,948 | ) |  | $ | (22,866 | ) |  | $ | (82 | ) |  | $ | 51,223 |  |  | $ | 53,573 |  |  | $ | (2,350 | )
Basic and diluted income (loss) per Limited Partner Unit | $ | (0.46 | ) |  | $ | (0.46 | ) |  | $ | - |  |  | $ | 0.86 |  |  | $ | 0.90 |  |  | $ | (0.04 | )
| June 30, 2019 |
Balance Sheet | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
Assets |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | $ | 35,610 |  |  | $ | 31,265 |  |  | $ | 4,345 |
Deferred charges and other assets, net | $ | 17,625 |  |  | $ | 11,536 |  |  | $ | 6,089 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities | $ | 145,558 |  |  | $ | 146,483 |  |  | $ | (925 | )
Unearned service contract revenue | $ | 60,560 |  |  | $ | 59,828 |  |  | $ | 732 |
Deferred tax liabilities, net | $ | 14,069 |  |  | $ | 10,301 |  |  | $ | 3,768 |
Partners' capital |  |  |  |  |  |  |  |  |  |  |
Common unitholders | $ | 335,958 |  |  | $ | 329,144 |  |  | $ | 6,814 |
General partner | $ | (1,522 | ) |  | $ | (1,567 | ) |  | $ | 45 |

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