Quarterly report pursuant to Section 13 or 15(d)

Cash Distribution and Net Income (Loss) per Common Unit (Tables)

v2.4.0.6
Cash Distribution and Net Income (Loss) per Common Unit (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Distributions Made to Members or Limited Partners, by Distribution
The following provides a summary of distributions paid by us during the three months ended March 31, 2013:
 
 
 
 
 
 
 
 
Total Distribution (in thousands)
Date Paid
 
Period Covered by Distribution
 
Distribution Per Common Unit
 
Distribution Per Subordinated Unit
 
Common Units
 
Class B Units
 
Subordinated Units
 
General Partner Units
February 14, 2013
 
October 1 - December 31, 2012
 
$
0.425

 
$
—

 
$
16,783

 
—

 
—

 
$
342

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):
 
 
 
 
Limited Partner Units
 
 
 
 
Total
 
Common Units
 
Class B Units
 
Subordinated Units
 
General Partner
Three Months Ended March 31, 2013
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(42,487
)
 
 
 
 
 
 
 
 
Declared distributions
 
24,754

 
24,259

 
—

 
—

 
495

Assumed allocation of undistributed net loss
 
(67,241
)
 
(19,543
)
 
—

 
(46,353
)
 
(1,345
)
Assumed allocation of net income (loss)
 
 
 
$
4,716

 
$
—

 
$
(46,353
)
 
$
(850
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
45,547

 
133,333

 
135,384

 
 
Net income (loss) per unit
 
 
 
$
0.10

 
$
—

 
$
(0.34
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2012
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(19,332
)
 
 
 
 
 
 
 
 
Declared distributions
 
13,499

 
13,229

 
—

 
—

 
270

Assumed allocation of undistributed net loss
 
(32,831
)
 
(6,015
)
 
—

 
(26,160
)
 
(656
)
Assumed allocation of net income (loss)
 
 
 
$
7,214

 
$
—

 
$
(26,160
)
 
$
(386
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
31,017

 
—

 
135,384

 
 
Net income (loss) per unit
 
 
 
$
0.23

 
$
—

 
$
(0.19
)