| Schedule of Distributions Made to Members or Limited Partners, by Distribution |
The following provides a summary of distributions paid by us during the years ended December 31, 2012, 2011 and 2010:
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Total Distribution (in thousands) |
Date Paid |
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Period Covered by Distribution |
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Distribution Per Common Unit |
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Distribution Per Subordinated Unit |
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Common Units |
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Class B Units |
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Subordinated Units |
|
General Partner Units |
November 14, 2012 |
|
July 1 - September 30, 2012 |
|
$ |
0.425 |
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$ |
— |
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$ |
16,783 |
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— |
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— |
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$ |
342 |
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August 13, 2012 |
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April 1 - June 30, 2012 |
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0.425 |
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— |
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13,383 |
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— |
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— |
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273 |
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May 14, 2012 |
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January 1 - March 31, 2012 |
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0.425 |
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13,323 |
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— |
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272 |
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February 12, 2012 |
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October 1 - December 31, 2011 |
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0.425 |
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13,176 |
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— |
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269 |
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November 14, 2011 |
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July 1 - September 30, 2011 |
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0.425 |
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— |
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13,176 |
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— |
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— |
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269 |
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August 12, 2011 |
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April 1 - June 30, 2011 |
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0.425 |
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— |
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11,446 |
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— |
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— |
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234 |
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May 13, 2011 |
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January 1 - March 31, 2011 |
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0.425 |
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— |
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11,335 |
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— |
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— |
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231 |
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February 11, 2011 |
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October 1 - December 31, 2010 |
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0.425 |
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— |
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11,229 |
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— |
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— |
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229 |
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November 12, 2010 |
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July 1 - September 30, 2010 |
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0.425 |
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— |
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11,227 |
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— |
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— |
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229 |
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August 13, 2010 |
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April 1 - June 30, 2010 |
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0.425 |
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— |
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11,227 |
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— |
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— |
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229 |
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May 14, 2010 |
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January 1 - March 31, 2010 |
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0.425 |
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0.425 |
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11,227 |
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— |
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57,538 |
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1,403 |
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February 12, 2010 |
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October 1 - December 31, 2009 |
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0.425 |
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0.425 |
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11,227 |
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— |
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57,538 |
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1,403 |
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| Schedule of Weighted Average Number of Shares |
The following table provides a reconciliation of net income (loss) and the allocation of net income (loss) to the common units and the subordinated units for purposes of computing net income (loss) per unit (in thousands, except per unit data):
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Limited Partner Units |
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Total |
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Common Units |
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Class B Units |
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Subordinated Units |
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General Partner |
Year Ended December 31, 2012 |
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Net loss |
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$ |
(150,136 |
) |
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Declared distributions |
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61,501 |
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60,271 |
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— |
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— |
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1,230 |
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Amortization of beneficial conversion feature of Class B units |
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— |
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(5,149 |
) |
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25,319 |
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(20,170 |
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— |
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Assumed allocation of undistributed net loss |
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(211,637 |
) |
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(46,061 |
) |
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— |
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(157,917 |
) |
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(7,659 |
) |
Assumed allocation of net income (loss) |
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$ |
9,061 |
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$ |
25,319 |
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$ |
(178,087 |
) |
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$ |
(6,429 |
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Weighted average units outstanding |
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33,470 |
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43,303 |
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135,384 |
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Net income (loss) per unit |
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$ |
0.27 |
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$ |
0.58 |
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$ |
(1.32 |
) |
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Year Ended December 31, 2011 |
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Net loss |
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$ |
(31,019 |
) |
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Declared distributions |
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50,136 |
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49,134 |
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— |
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— |
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1,002 |
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Assumed allocation of undistributed net loss |
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(81,155 |
) |
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(14,819 |
) |
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— |
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(64,713 |
) |
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(1,623 |
) |
Assumed allocation of net income (loss) |
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$ |
34,315 |
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$ |
— |
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$ |
(64,713 |
) |
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$ |
(621 |
) |
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Weighted average units outstanding |
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27,910 |
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— |
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135,384 |
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Net income (loss) per unit |
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$ |
1.23 |
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$ |
— |
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$ |
(0.48 |
) |
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Year Ended December 31, 2010 |
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Net income |
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$ |
107,568 |
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Declared distributions |
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104,538 |
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44,910 |
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— |
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57,538 |
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|
2,090 |
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Assumed allocation of undistributed net loss |
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3,030 |
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— |
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— |
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2,969 |
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61 |
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Assumed allocation of net income |
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$ |
44,910 |
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$ |
— |
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$ |
60,507 |
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$ |
2,151 |
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Weighted average units outstanding |
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26,416 |
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— |
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135,384 |
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Net income per unit |
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$ |
1.70 |
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$ |
— |
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$ |
0.45 |
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