Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Unit (Tables)

v3.4.0.3
Net Loss per Common Unit (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Anticipated Beneficial Conversion Feature impact to Capital Accounts
The following is a schedule by years, based on the capital structure as of March 31, 2016, of the anticipated impact to the capital accounts in connection with the amortization of the beneficial conversion feature (in thousands):
 
Common Units
 
Class B Units
 
Subordinated Units
2016
$
(29,565
)
 
$
99,685

 
$
(70,119
)
2017
(594,426
)
 
2,004,209

 
(1,409,783
)
Schedule of Net Loss per Common Unit
The following table (in thousands, except per unit data) provides a reconciliation of net loss and the allocation of net loss to the common units, the subordinated units and the general partner units for purposes of computing net loss per unit.
 
 
 
 
Limited Partner Units
 
 
 
 
Total
 
Common Units
 
Class B Units
 
Subordinated Units
 
General Partner Units
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(74,906
)
 
 
 
 
 
 
 
 
Declared distributions
 
24,756

 
24,261

 

 

 
495

Assumed allocation of undistributed net loss
 
$
(99,662
)
 
(28,967
)
 

 
(68,702
)
 
(1,993
)
Assumed allocation of net loss
 
 
 
$
(4,706
)
 
$

 
$
(68,702
)
 
$
(1,498
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57,084

 
145,333

 
135,384

 
 
Net loss per unit
 
 
 
$
(0.08
)
 
$

 
$
(0.51
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(178,676
)
 
 
 
 
 
 
 
 
Declared distributions
 
24,754

 
24,259

 

 

 
495

Assumed allocation of undistributed net loss
 
$
(203,430
)
 
(59,125
)
 

 
(140,236
)
 
(4,070
)
Assumed allocation of net loss
 
 
 
$
(34,866
)
 
$

 
$
(140,236
)
 
$
(3,575
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57,080

 
145,333

 
135,384

 
 
Net loss per unit
 
 
 
$
(0.61
)
 
$

 
$
(1.04
)