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Net Income Per Limited Partner Unit
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NET INCOME PER LIMITED PARTNER UNIT
Net income for partners’ capital and statement of operations presentation purposes is allocated to the General Partner and Limited Partners in accordance with their respective partnership percentages, after giving effect to priority income allocations for incentive distributions, if any, to the General Partner, the holder of the IDRs pursuant to the Partnership Agreement, which are declared and paid following the close of each quarter. Earnings in excess of distributions are allocated to the General Partner and Limited Partners based on their respective ownership interests. Earnings attributable to predecessor represents amounts allocated to the former Regency partners and have no impact on income from continuing operations per unit for the periods prior to the Regency Merger.
A reconciliation of income from continuing operations and weighted average units used in computing basic and diluted income from continuing operations per unit is as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Income from continuing operations
$
839

 
$
505

 
$
1,107

 
$
964

Less: Income from continuing operations attributable to noncontrolling interest
212

 
87

 
206

 
141

Less: Income (loss) from continuing operations attributable to predecessor
(27
)
 
(11
)
 
(34
)
 
3

Income from continuing operations, net of noncontrolling interest and predecessor income (loss)
654

 
429

 
935

 
820

General Partner’s interest in income from continuing operations
260

 
125

 
502

 
238

Class H Unitholder’s interest in income from continuing operations
64

 
51

 
118

 
100

Class I Unitholder’s interest in income from continuing operations
32

 

 
65

 

Common Unitholders’ interest in income from continuing operations
298

 
253

 
250

 
482

Additional earnings allocated from (to) General Partner
(2
)
 
1

 
(4
)
 
(2
)
Distributions on employee unit awards, net of allocation to General Partner
(3
)
 
(3
)
 
(7
)
 
(6
)
Income from continuing operations available to Common Unitholders
$
293

 
$
251

 
$
239

 
$
474

Weighted average Common Units – basic
434.8

 
318.5

 
379.6

 
321.4

Basic income from continuing operations per Common Unit
$
0.67

 
$
0.79

 
$
0.63

 
$
1.47

Dilutive effect of unvested Unit Awards
1.5

 
1.0

 
1.5

 
1.0

Weighted average Common Units, assuming dilutive effect of unvested Unit Awards
436.3

 
319.5

 
381.1

 
322.4

Diluted income from continuing operations per Common Unit
$
0.67

 
$
0.79

 
$
0.63

 
$
1.47

Basic income from discontinued operations per Common Unit
$
0.00

 
$
0.13

 
$
0.00

 
$
0.20

Diluted income from discontinued operations per Common Unit
$
0.00

 
$
0.13

 
$
0.00

 
$
0.20