Quarterly report pursuant to Section 13 or 15(d)

Partners' Equity

v3.7.0.1
Partners' Equity
6 Months Ended
Jun. 30, 2017
Partners' Capital [Abstract]  
Partners' Capital
Partners' Equity (unit values in dollars)
Cash Distributions
We have adopted a policy pursuant to which we will distribute all of the available cash generated each quarter, as defined in the partnership agreement, subject to the approval of the board of directors of the General Partner. The per unit amount of available cash to be distributed each quarter, if any, will be distributed within 60 days following the end of such quarter.
The following table summarizes the Partnership’s cash distribution activity during the period:
 
 
Cash Available for Distribution per Unit (1)
 
Distribution Paid Per Unit
 
Total Distribution Paid
First Quarter 2017
 
$
0.38

 
$
0.11

 
$
6,877

Second Quarter 2017
 
0.35

 
0.38
 
23,761


_______________________
(1)
Represents the aggregate cash available for distribution per unit attributable to the period indicated. This represents the difference between cash available for distribution and distributions paid in the table above.
Restricted Units
Non-employee directors of the General Partner are awarded an annual grant of $25 in restricted units, which vest over a period of three years, assuming continued service at vesting. In May 2017, we granted awards of 9,108 restricted common units at a grant date price of $10.98 per unit.