Revenue Recognition (Tables)

12 Months Ended

Sep. 30, 2019

Summary of Disaggregation of Revenue by Major Sources

The following disaggregates our revenue by major sources for the year ended September 30, 2019 and September 30, 2018:

	Years Ended September 30,
(in thousands)	2019		2018		2017
Petroleum Products:
Home heating oil and propane	$	1,099,874	$	1,084,827	$	854,067
Motor fuel and other petroleum products		366,172		319,543		211,009
Total petroleum products		1,466,045		1,404,370		1,065,076
Installations and Services:
Equipment installations		101,709		98,064		94,961
Equipment maintenance service contracts		120,138		111,361		105,565
Billable call services		65,980		64,042		57,953
Total installations and services		287,827		273,467		258,479
Total Sales	$	1,753,872	$	1,677,837	$	1,323,555

ASU 2014-09

Summary of Impact of Adoption on Condensed Consolidated Balance Sheet and Statement of Operations

Effective October 1, 2018 we adopted the requirements of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The adoption was not material to the financial statements presented. In accordance with the new revenue standard requirements, our Consolidated Statement of Operations and the Consolidated Balance Sheet were impacted due to: i) the deferment of commissions provided to Company employees that were previously expensed as incurred, ii) the deferment of certain upfront credits provided to customers upon entering into a new annual product or service contract as contra-revenue that were previously expensed as incurred and recorded as delivery and branch expense, and iii) the allocation of transaction price of the combination of certain contracts that were previously accounted for as separate contracts that impacts the classification of revenue and timing of revenue recognition.  The impact of adoption on our Consolidated Balance Sheet and Consolidated Statement of Operations, as of and for the year ended September 30, 2019 was as follows (in thousands):

	For the Year Ended September 30, 2019
Statement of Operations	As Reported		Balances without Adoption of ASC 606		Effect of Change Higher/(Lower)
Sales:
Product	$	1,466,045	$	1,477,488	$	(11,443	)
Installations and services		287,827		281,249		6,578
Total Sales		1,753,872		1,758,737		(4,865	)
Cost and Expenses:
Delivery and branch expenses		369,033		372,290		(3,257	)
Operating income (loss)		37,350		38,958		(1,608	)
Income (loss) before income taxes		25,154		26,762		(1,608	)
Income tax expense (benefit)		7,517		7,998		(481	)
Net income (loss)	$	17,637	$	18,764	$	(1,127	)
General Partner's interest in net income (loss)		95		101		(6	)
Limited Partner's interest in net income (loss)	$	17,542	$	18,663	$	(1,121	)
Basic and diluted income (loss) per Limited Partner Unit	$	0.35	$	0.37	$	(0.02	)

	September 30, 2019
Balance Sheet	As Reported			Balances without Adoption of ASC 606			Effect of Change Higher/(Lower)
Assets
Prepaid expenses and other current assets	$	36,898		$	31,442		$	5,456
Deferred charges and other assets, net	$	16,635		$	10,707		$	5,928
Liabilities
Accrued expenses and other current liabilities	$	120,839		$	120,818		$	21
Deferred tax liabilities, net	$	20,116		$	16,850		$	3,266
Partners' capital
Common unitholders	$	279,709		$	271,666		$	8,043
General partner	$	(1,968	)	$	(2,022	)	$	54