XML 43 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Voyage revenues $ 130,901 $ 127,135 $ 138,990
EXPENSES:      
Voyage expenses (1,078) (1,148) (1,789)
Voyage expenses-related party (1,631) (1,654) (1,830)
Vessel operating expenses (28,351) (25,042) (27,067)
Dry-docking and special survey costs 0 (7,422) (6,193)
General and administrative expenses (1,985) (1,452) (961)
General and administrative expenses- related party (723) (757) (725)
Management fees-related party (6,537) (6,347) (6,162)
Depreciation (30,680) (30,330) (30,319)
Operating income 59,916 52,983 63,944
OTHER INCOME/(EXPENSES):      
Interest and finance costs (58,591) (50,490) (46,281)
Interest income 2,331 1,051 203
Other, net (43) 69 (527)
Total other expenses, net (56,303) (49,370) (46,605)
Partnership's Net Income 3,613 3,613 17,339
Common unitholders' interest in Net Income (7,942) (4,042) 9,302
Preferred unitholders' interest in Net Income 11,563 7,659 6,750
Subordinated unitholders' interest in Net Income 0 0 1,208
General Partner's interest in Net Income $ (8) $ (4) $ 79
(Loss)/Earnings per unit, basic and diluted:      
Common unit (basic and diluted) $ (0.22) $ (0.11) $ 0.27
Weighted average number of units outstanding, basic and diluted:      
Common units 35,490,000 35,490,000 34,545,740
Series A Preferred      
OTHER INCOME/(EXPENSES):      
Partnership's Net Income $ 6,750 $ 6,750 $ 6,750
Series B Preferred      
OTHER INCOME/(EXPENSES):      
Partnership's Net Income 4,813 909  
Preferred Partner | Series A Preferred      
OTHER INCOME/(EXPENSES):      
Preferred unitholders' interest in Net Income 6,750 6,750 6,750
Preferred Partner | Series B Preferred      
OTHER INCOME/(EXPENSES):      
Preferred unitholders' interest in Net Income $ 4,813 $ 909 $ 0