Class A Convertible Preferred Units and Warrants (Tables)

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Preferred Units and Warrants Issued

The Preferred Units and Warrants were initially recognized as follows:

(In thousands)	March 2, 2017
Transaction price, gross	$	250,000
Structuring, origination and other fees to Preferred Purchasers	(7,900		)
Transaction costs to other third parties	(10,697		)
Transaction price, net	$	231,403
Allocation of net transaction price
Preferred Units, net	$	164,587
Warrant holders interest, net	66,816
Transaction price, net	$	231,403

Financial Position of Preferred Units

Activity related to the Preferred Units is as follows:

(In thousands, except unit data)	Units Outstanding		Financial Position
Balance at December 31, 2016	—		$	—
Issuance of Preferred Units, net	250,000		164,587
Distribution paid-in-kind	8,844		8,844
Balance at December 31, 2017	258,844		$	173,431
Redemption of PIK Units	(8,844	)	(8,844		)
Balance at December 31, 2018	250,000		$	164,587