| Schedule of Distributions Made to Members or Limited Partners, by Distribution |
The following provides a summary of distributions paid by us during the six months ended June 30, 2013:
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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 |
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General Partner Units |
February 14, 2013 |
|
October 1 - December 31, 2012 |
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$ |
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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May 15, 2013 |
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January 1 - March 31, 2013 |
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0.425 |
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— |
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24,259 |
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— |
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— |
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|
495 |
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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 |
Three Months Ended June 30, 2013 |
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Net loss attributable to partners |
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$ |
(37,862 |
) |
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Declared distributions |
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24,754 |
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24,259 |
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— |
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— |
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495 |
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Assumed allocation of undistributed net loss |
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$ |
(62,616 |
) |
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(18,199 |
) |
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— |
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(43,165 |
) |
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(1,252 |
) |
Assumed allocation of net income (loss) |
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$ |
6,060 |
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$ |
— |
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$ |
(43,165 |
) |
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$ |
(757 |
) |
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Weighted average units outstanding |
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57,079 |
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137,817 |
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135,384 |
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Net income (loss) per unit |
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$ |
0.11 |
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$ |
— |
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$ |
(0.32 |
) |
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Three Months Ended June 30, 2012 |
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Net loss attributable to partners |
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$ |
(24,861 |
) |
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Declared distributions |
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13,612 |
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13,340 |
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— |
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— |
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272 |
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Amortization of beneficial conversion feature of Class B Units |
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— |
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(892 |
) |
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4,737 |
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(3,845 |
) |
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Assumed allocation of undistributed net loss |
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$ |
(38,473 |
) |
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(7,096 |
) |
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— |
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(30,608 |
) |
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(769 |
) |
Assumed allocation of net income (loss) |
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$ |
5,352 |
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$ |
4,737 |
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$ |
(34,453 |
) |
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$ |
(497 |
) |
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Weighted average units outstanding |
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31,328 |
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2,442 |
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135,384 |
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Net income (loss) per unit |
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$ |
0.17 |
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$ |
1.94 |
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$ |
(0.25 |
) |
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Six Months Ended June 30, 2013 |
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Net loss attributable to partners |
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$ |
(80,349 |
) |
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Declared distributions |
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49,508 |
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48,518 |
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— |
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— |
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990 |
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Assumed allocation of undistributed net loss |
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$ |
(129,857 |
) |
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(37,741 |
) |
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— |
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(89,519 |
) |
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(2,597 |
) |
Assumed allocation of net income (loss) |
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$ |
10,777 |
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$ |
— |
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$ |
(89,519 |
) |
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$ |
(1,607 |
) |
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Weighted average units outstanding |
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51,345 |
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135,587 |
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135,384 |
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Net income (loss) per unit |
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$ |
0.21 |
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$ |
— |
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$ |
(0.66 |
) |
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Six Months Ended June 30, 2012 |
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Net loss attributable to partners |
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$ |
(44,193 |
) |
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Declared distributions |
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27,207 |
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26,663 |
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— |
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— |
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|
544 |
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Amortization of beneficial conversion feature of Class B Units |
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— |
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(892 |
) |
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4,737 |
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(3,845 |
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Assumed allocation of undistributed net loss |
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$ |
(71,400 |
) |
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(13,169 |
) |
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— |
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(56,803 |
) |
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(1,428 |
) |
Assumed allocation of net income (loss) |
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$ |
12,602 |
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$ |
4,737 |
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$ |
(60,648 |
) |
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$ |
(884 |
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Weighted average units outstanding |
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31,173 |
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1,221 |
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135,384 |
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Net income (loss) per unit |
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$ |
0.40 |
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$ |
3.88 |
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$ |
(0.45 |
) |
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