Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Mar. 04, 2021 | Jun. 30, 2020 | |
Document Information [Line Items] | |||
Entity Registrant Name | Blueknight Energy Partners, L.P. | ||
Entity Central Index Key | 0001392091 | ||
Trading Symbol | bkep | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Interactive Data Current | Yes | ||
Entity Public Float | $ 53 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2020 | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Units | ||
Series A Preferred Unit [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding (in shares) | 35,125,202 | ||
Common Unit [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding (in shares) | 41,468,125 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 805 | $ 589 |
Accounts receivable, net | 3,297 | 2,686 |
Receivables from related parties, net | 507 | 1,110 |
Other current assets | 2,355 | 2,378 |
Current assets of discontinued operations | 96,945 | 27,359 |
Total current assets | 103,909 | 34,122 |
Property, plant and equipment, net of accumulated depreciation of $185,845 and $197,561 at December 31, 2019 and 2020, respectively | 104,709 | 107,373 |
Goodwill | 6,728 | 6,728 |
Debt issuance costs, net | 1,340 | 2,344 |
Operating lease assets | 8,548 | 9,901 |
Intangibles assets, net | 7,531 | 9,913 |
Other noncurrent assets | 252 | 393 |
Noncurrent assets of discontinued operations | 131,166 | |
Total assets | 233,017 | 301,940 |
Current liabilities: | ||
Accounts payable | 1,635 | 2,433 |
Accounts payable to related parties | 31 | 2,460 |
Contingent liability with related party (Note 12) | 12,221 | |
Accrued interest payable | 274 | 293 |
Accrued property taxes payable | 1,757 | 1,709 |
Accrued payroll | 4,977 | 3,357 |
Current operating lease liability | 1,684 | 1,856 |
Other current liabilities | 1,349 | 1,531 |
Current liabilities of discontinued operations | 17,248 | 24,278 |
Total current liabilities | 35,347 | 54,576 |
Other long-term liabilities | 168 | 1,596 |
Noncurrent operating lease liability | 6,980 | 8,219 |
Noncurrent liabilities of discontinued operations | 1,131 | |
Long-term debt | 252,592 | 255,592 |
Commitments and contingencies (Note 15) | ||
Partners’ capital (deficit): | ||
Common unitholders (40,830,051 and 41,214,856 units issued and outstanding at December 31, 2019 and 2020, respectively) | 312,591 | 356,777 |
Preferred unitholders (35,125,202 units issued and outstanding at both dates) | 253,923 | 253,923 |
General partner interest (1.6% interest with 1,225,409 general partner units outstanding at both dates) | (632,737) | (632,023) |
Total partners’ capital (deficit) | (66,223) | (21,323) |
Total liabilities and partners’ capital (deficit) | 233,017 | 301,940 |
Third Party [Member] | ||
Current liabilities: | ||
Unearned revenue | 1,789 | 1,504 |
Related Party [Member] | ||
Current liabilities: | ||
Unearned revenue | 4,603 | 2,934 |
Long-term unearned revenue with related parties | $ 4,153 | $ 2,149 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Accumulated depreciation | $ 197,561 | $ 185,845 |
Common units, issued (in shares) | 41,214,856 | 40,830,051 |
Common units, outstanding (in shares) | 41,214,856 | 40,830,051 |
Preferred units, issued (in shares) | 35,125,202 | 35,125,202 |
Preferred units, outstanding (in shares) | 35,125,202 | 35,125,202 |
General partner units, interest | 1.60% | 1.60% |
General partner units, outstanding (in shares) | 1,225,409 | 1,225,409 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Total revenue | $ 110,245 | $ 106,518 |
Costs and expenses: | ||
Operating expense | 62,812 | 61,563 |
General and administrative expense | 14,182 | 13,388 |
Asset impairment expense | 2,476 | |
Total costs and expenses | 76,994 | 77,427 |
Loss on sale of assets | (67) | (131) |
Operating income | 33,184 | 28,960 |
Other income (expenses): | ||
Other income | 1,169 | 530 |
Interest expense | (5,665) | (7,447) |
Income before income taxes | 28,688 | 22,043 |
Provision for income taxes | (7) | 44 |
Income from continuing operations | 28,695 | 21,999 |
Loss from discontinued operations, net | (42,175) | (3,587) |
Net income(loss) | (13,480) | 18,412 |
Allocation of net income (loss) for calculation of earnings per unit: | ||
General partner interest in net income (loss) | (213) | 337 |
Preferred interest in net income | 25,115 | 25,115 |
Net loss available to limited partners | $ (38,382) | $ (7,040) |
Basic and diluted net loss from discontinued operations per common unit (in dollars per share) | $ (0.98) | $ (0.08) |
Basic and diluted net income(loss) from continuing operations per common unit (in dollars per share) | 0.07 | (0.09) |
Basic and diluted net loss per common unit (in dollars per share) | $ (0.91) | $ (0.17) |
Weighted average common units outstanding - basic and diluted (in shares) | 41,104 | 40,755 |
Third Party [Member] | ||
Revenue | $ 29,171 | $ 28,689 |
Operating Lease, Lease Income, Total | 36,630 | 41,690 |
Related Party [Member] | ||
Revenue | 18,028 | 15,696 |
Operating Lease, Lease Income, Total | 26,416 | 20,443 |
Service [Member] | Third Party [Member] | ||
Revenue | 29,171 | 28,689 |
Service [Member] | Related Party [Member] | ||
Revenue | $ 18,028 | $ 15,696 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Partners' Capital (Deficit) - USD ($) $ in Thousands | Total | Limited Partner [Member] | Preferred Partner [Member] | General Partner [Member] |
Balance at Dec. 31, 2018 | $ (6,896) | $ 370,972 | $ 253,923 | $ (631,791) |
Net income(loss) | 18,412 | (6,990) | 25,115 | 287 |
Equity-based incentive compensation | 973 | 953 | 20 | |
Distributions | (33,988) | (8,334) | (25,115) | (539) |
Proceeds from sale of common units pursuant to the Employee Unit Purchase Plan | 176 | 176 | ||
Balance at Dec. 31, 2019 | (21,323) | 356,777 | 253,923 | (632,023) |
Net income(loss) | (13,480) | (38,382) | 25,115 | (213) |
Equity-based incentive compensation | 816 | 804 | 12 | |
Distributions | (32,406) | (6,778) | (25,115) | (513) |
Proceeds from sale of common units pursuant to the Employee Unit Purchase Plan | 170 | 170 | ||
Balance at Dec. 31, 2020 | $ (66,223) | $ 312,591 | $ 253,923 | $ (632,737) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Partners' Capital (Deficit) (Parentheticals) - shares shares in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Limited Partner [Member] | ||
Common units issued pursuant to the Employee Unit Purchase Plan (in shares) | 158,326 | 161,971 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | ||
Net income(loss) | $ (13,480) | $ 18,412 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 23,068 | 25,533 |
Amortization and write-off of debt issuance costs | 1,004 | 1,005 |
Loss on disposal/classification of held for sale for discontinued operations | 39,096 | |
Tangible asset impairment charge | 6,416 | 274 |
Other impairment charge (Note 12) | 2,202 | |
Gain on sale of assets | (1,123) | (453) |
Equity-based incentive compensation | 816 | 973 |
Changes in assets and liabilities: | ||
Decrease in accounts receivable | 6,461 | 9,325 |
Decrease (increase) in receivables from related parties | 603 | (67) |
Decrease in other current assets | 4,094 | 2,672 |
Decrease in other non-current assets | 2,324 | 2,964 |
Decrease in accounts payable | (557) | (702) |
Decrease in payables to related parties | (1,792) | (282) |
Decrease in accrued interest payable | (19) | (172) |
Increase (decrease) in accrued property taxes | (671) | 158 |
Increase (decrease) in unearned revenue | (1,618) | (1,961) |
Increase in accrued payroll | 1,617 | 1,156 |
Decrease in other accrued liabilities | (2,223) | (3,579) |
Net cash provided by operating activities | 61,167 | 49,837 |
Cash flows from investing activities: | ||
Acquisition of DEVCO from Ergon (Note 12) | (12,221) | |
Capital expenditures | (16,332) | (12,746) |
Proceeds from sale of assets | 5,896 | 8,410 |
Net cash used in investing activities | (22,657) | (4,336) |
Cash flows from financing activities: | ||
Payments on other financing activities | (3,027) | (2,586) |
Borrowings under credit agreement | 228,000 | 291,000 |
Payments under credit agreement | (231,000) | (301,000) |
Proceeds from equity issuance | 170 | 176 |
Distributions | (32,406) | (33,988) |
Net cash used in financing activities | (38,263) | (46,398) |
Net increase (decrease) in cash and cash equivalents | 247 | (897) |
Cash and cash equivalents at beginning of period | 558 | 1,455 |
Cash and cash equivalents at end of period | 805 | 558 |
Supplemental disclosure of non-cash financing and investing cash flow information: | ||
Non-cash changes in property, plant and equipment | (259) | 1,590 |
Increase in accrued liabilities related to insurance premium financing agreement | 2,324 | 2,356 |
Cash paid for interest, net of amounts capitalized | 10,009 | 15,150 |
Cash paid for income taxes | 30 | 227 |
Third Party [Member] | ||
Changes in assets and liabilities: | ||
Increase (decrease) in accrued crude oil purchases | (2,838) | (7,243) |
Related Party [Member] | ||
Changes in assets and liabilities: | ||
Increase (decrease) in accrued crude oil purchases | (2,965) | 1,588 |
Increase (decrease) in unearned revenue | $ 2,954 | $ (1,966) |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Business | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. ORGANIZATION AND NATURE OF BUSINESS Blueknight Energy Partners, L.P. and subsidiaries (collectively, the “Partnership”) is a publicly traded master limited partnership with operations in 26 one February 2007 The Partnership previously provided integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil in three December 21, 2020, February 1, 2021, February 2, 2021, March 1, 2021. one no |
Note 2 - Basis of Consolidation
Note 2 - Basis of Consolidation and Presentation | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | 2. BASIS OF CONSOLIDATION AND PRESENTATION The accompanying consolidated financial statements and related notes present and discuss the Partnership's consolidated financial position as of December 31, 2019 2020 December 31, 2019 2020 |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES USE OF ESTIMATES 1 2 3 4 5 6 CASH AND CASH EQUIVALENTS three ACCOUNTS RECEIVABLE not no not no December 31, 2019 2020 PROPERTY, PLANT AND EQUIPMENT not Depreciation is calculated using the straight-line method based on estimated useful lives of the assets. These estimates are based on various factors, including age (in the case of acquired assets), manufacturing specifications, technological advances and historical data concerning useful lives of similar assets. Uncertainties that impact these estimates include changes in laws and regulations relating to restoration and abandonment requirements, economic conditions and supply and demand in the area. When assets are put into service, management makes estimates with respect to useful lives and salvage values that it believes are reasonable. However, subsequent events could cause management to change its estimates, thus impacting the future calculation of depreciation. The Partnership has contractual obligations to perform dismantlement and removal activities in the event that some of its liquid asphalt terminalling assets are abandoned (see Note 15 IMPAIRMENT OF LONG-LIVED ASSETS AND OTHER INTANGIBLE ASSETS not may not not During the year ended December 31, 2019, $0.3 $2.2 Acquired customer relationships are capitalized and amortized over useful lives ranging from approximately 5 10 not no December 31, 2019 2020. DEBT ISSUANCE COSTS not GOODWILL not December one not 3 no 2020 2019. no 2019 2020 ENVIRONMENTAL MATTERS no December 31, 2019 2020 REVENUE RECOGNITION 606 842. 4 INCOME AND OTHER TAXES December 31, 2019 2020 19 STOCK-BASED COMPENSATION 8.1 The Partnership classifies unit award grants as either equity or liability awards. All award grants made under the LTIP from its inception through December 31, 2020 not FAIR VALUE OF FINANCIAL INSTRUMENTS LEASES The Partnership is both a lessee and a lessor. For lessee contracts, the length of lease agreements vary from less than one twenty-five not 12 not 4 |
Note 4 - Revenue
Note 4 - Revenue | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Revenue [Text Block] | 4. REVENUE There are two ASC 842 842 606, first Asphalt storage, throughput and handling contracts also contain variable consideration in the form of reimbursements of utility, fuel and power expenses and throughput fees. Utility, fuel and power reimbursements are allocated entirely to the service component of the contracts. Utility, fuel and power reimbursements relate directly to the distinct monthly service that makes up the overall performance obligation and revenue is recognized in the period in which the service takes place. Variable consideration related to reimbursements of utility, fuel and power expenses is billed in the month subsequent to the period of service, and payment is due within 30 842, 842, 606. 30 Certain asphalt storage, throughput and handling contracts contain provisions for reimbursement of specified major maintenance costs. Reimbursements of specified major maintenance costs are allocated to both the lease and service component of the contracts using the allocation percentages from contract inception, and they are recognized on a straight-line basis over the remaining term of the contract. The following table includes revenue associated with contractual commitments in place related to future performance obligations as of the end of the reporting period, which are expected to be recognized in revenue in the specified periods (in thousands): Revenue from Contracts with Revenue from Customers(1) Leases 2021 $ 39,003 $ 58,265 2022 31,662 47,459 2023 27,985 40,265 2024 28,028 40,312 2025 26,711 37,397 Thereafter 37,374 42,603 Total revenue related to future performance obligations $ 190,763 $ 266,301 ( 1 Excluded from the table is revenue that is either constrained or related to performance obligations that are wholly unsatisfied as of December 31, 2020. Disaggregation of Revenue Disaggregation of revenue from contracts with customers by revenue type is presented as follows (in thousands): Year ended December 31, 2019 Revenue from contracts with customers Lease revenue Third-party revenue Related-party revenue Third-party revenue Related-party revenue Fixed storage, throughput and other revenue $ 19,865 $ 11,117 $ - $ - Fixed lease revenue - - 37,176 19,060 Variable cost recovery revenue 7,121 4,473 2,270 448 Variable throughput and other revenue 1,703 106 2,244 935 Total $ 28,689 $ 15,696 $ 41,690 $ 20,443 Year ended December 31, 2020 Revenue from contracts with customers Lease revenue Fixed storage, throughput and other revenue $ 20,303 $ 14,531 $ - $ - Fixed lease revenue - - 32,498 24,547 Variable cost recovery revenue 6,620 3,076 2,205 763 Variable throughput and other revenue 2,248 421 1,927 1,106 Total $ 29,171 $ 18,028 $ 36,630 $ 26,416 Contract Balances The timing of revenue recognition, billings and cash collections result in billed accounts receivable and unearned revenue (contract liabilities) on the consolidated balance sheets as noted in the contract discussions above. Accounts receivable are reflected in the line items “Accounts receivable” and “Receivables from related parties” on the consolidated balance sheets. Unearned revenue is included in the line items “Unearned revenue,” “Unearned revenue with related parties,” “Long-term unearned revenue with related parties” and “Other long-term liabilities” on the consolidated balance sheets. Billed accounts receivable from contracts with customers were $2.1 December 31, 2019 2020 The Partnership records unearned revenues when cash payments are received in advance of performance. Unearned revenue related to contracts with customers was $2.2 $3.2 December 31, 2019 2020 December 31, 2020 $1.8 Practical Expedients and Exemptions The Partnership does not one |
Note 5 - Discontinued Operation
Note 5 - Discontinued Operations | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 5. DISCONTINUED OPERATIONS On December 21, 2020, two one December 15, 2020, one February 2, 2021. February 1, 2021. December 31, 2020 March 1, 2021. December 31, 2019 2020. As part of the crude oil pipeline sale, $1.5 six two Exit and disposal costs related to these sales, in the form of employee severance payments, are expected to total approximately $1.6 During the year ended December 31, 2020, $1.3 $4.9 first 2020 March 31, 2020. $2.3 $2.6 Assets and Liabilities of Discontinued Operations (in thousands) As of December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total ASSETS Accounts receivable, net $ 822 $ 20,041 $ 166 $ 21,029 Other current assets 256 2,699 3,375 6,330 Plant, property, and equipment 3,120 62,590 59,692 125,402 Operating lease assets 745 113 - 858 Other noncurrent assets 211 2,657 2,038 4,906 Total assets of discontinued operations $ 5,154 $ 88,100 $ 65,271 $ 158,525 LIABILITIES Current liabilities $ 1,238 $ 21,277 $ 1,228 $ 23,743 Current operating lease liability 520 15 - 535 Noncurrent operating lease liability 223 88 - 311 Other liabilities 122 226 472 820 Total liabilities of discontinued operations $ 2,103 $ 21,606 $ 1,700 $ 25,409 Assets and Liabilities of Discontinued Operations (in thousands) As of December 31, 2020 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total ASSETS Accounts receivable, net $ 81 $ 13,711 $ 167 $ 13,959 Plant, property, and equipment 442 23,541 52,854 76,837 Other assets 331 547 5,271 6,149 Total assets of discontinued operations $ 854 $ 37,799 $ 58,292 $ 96,945 LIABILITIES Current liabilities $ 1,017 $ 14,921 $ 1,310 $ 17,248 Total liabilities of discontinued operations $ 1,017 $ 14,921 $ 1,310 $ 17,248 Statement of Operations for Discontinued Operations (in thousands) Year Ended December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Revenue: Third-party service revenue $ 11,061 $ 6,686 $ 15,362 $ 33,109 Related-party service revenue - 266 - 266 Intercompany service revenue 5,555 - 931 6,486 Third-party product sales revenue - 231,051 - 231,051 Costs and expenses: Operating expense 16,763 16,088 9,012 41,863 Intercompany operating expense - 6,486 - 6,486 Cost of product sales - 83,319 - 83,319 Cost of product sales from related party - 134,162 - 134,162 General and administrative expense 267 438 1 706 (Gain) loss on sale of assets (1,497 ) 836 77 (584 ) Interest expense 11 1,598 6,919 8,528 Income (loss) before income taxes 1,072 (4,924 ) 284 (3,568 ) Provision for income taxes 15 4 - 19 Net income (loss) from discontinued operations $ 1,057 $ (4,928 ) $ 284 $ (3,587 ) Statement of Operations for Discontinued Operations (in thousands) Year Ended December 31, 2020 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Revenue: Third-party service revenue $ 5,293 $ 1,689 $ 16,856 $ 23,838 Intercompany service revenue 5,587 - - 5,587 Third-party product sales revenue - 157,544 - 157,544 Costs and expenses: Operating expense 12,386 13,427 8,561 34,374 Intercompany operating expense - 5,587 - 5,587 Cost of product sales - 52,624 - 52,624 Cost of product sales from related party - 86,247 - 86,247 General and administrative expense 284 385 - 669 Asset impairment expense 1,330 2,821 2,266 6,417 Gain on sale of assets (11 ) (445 ) (734 ) (1,190 ) Interest expense 11 960 4,348 5,319 Loss on disposal/classification as held for sale(1) 1,847 37,249 - 39,096 Income (loss) before income taxes (4,967 ) (39,622 ) 2,415 (42,174 ) Provision for income taxes 3 (2 ) - 1 Net income (loss) from discontinued operations $ (4,970 ) $ (39,620 ) $ 2,415 $ (42,175 ) ( 1 Included in the crude oil trucking services segment is a loss on disposal recorded during December 2020 first $1.1 December 31, 2020, second February 2, 2021, $0.7 Select cash flow information (in thousands) Year Ended December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Depreciation and amortization $ 538 $ 5,332 $ 4,466 $ 10,336 Capital expenditures $ 2,168 $ 1,846 $ 874 $ 4,888 Year Ended December 31, 2020 Depreciation and amortization $ 719 $ 4,550 $ 4,383 $ 9,652 Capital expenditures $ 2,074 $ 4,555 $ 720 $ 7,349 |
Note 6 - Property, Plant and Eq
Note 6 - Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 6 . PROPERTY, PLANT AND EQUIPMENT Estimated Useful Lives As of December 31, (Years) 2019 2020 (dollars in thousands) Land N/A $ 21,876 $ 21,826 Land improvements 10 20 5,139 5,024 Storage and terminal facilities 10 35 241,733 249,977 Office property and equipment and other 3 30 21,099 23,278 Construction-in-progress N/A 3,371 2,165 Property, plant and equipment, gross 293,218 302,270 Accumulated depreciation (185,845 ) (197,561 ) Property, plant and equipment, net $ 107,373 $ 104,709 Property, plant and equipment under operating leases at December 31, 2020 $295.4 $191.0 Depreciation expense for the years ended December 31, 2019 2020 $12.8 $11.0 |
Note 7 - Intangible Assets, Net
Note 7 - Intangible Assets, Net | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 7 . INTANGIBLE ASSETS, NET Intangible assets, net of accumulated amortization, consist of the following: As of December 31, 2019 2020 (in thousands) Customer relationships $ 16,022 $ 16,022 Accumulated amortization of intangible assets (6,109 ) (8,491 ) Intangible assets, net $ 9,913 $ 7,531 Amortization expense related to intangibles for each of the years ended December 31, 2019 2020 $2.4 For year ending: December 31, 2021 $ 2,382 December 31, 2022 2,382 December 31, 2023 958 December 31, 2024 958 December 31, 2025 851 Thereafter - Total estimated aggregate amortization expense $ 7,531 Customer relationships include $7.6 $8.4 March 2018 February 2016, 5 10 |
Note 8 - Debt
Note 8 - Debt | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8 . DEBT On May 11, 2017, June 28, 2018, $450.0 $400.0 As of March 4, 2021 $99.6 $1.7 $248.7 may January 8, 2021, $350.0 The credit agreement is guaranteed by all of the Partnership's existing subsidiaries. Obligations under the credit agreement are secured by first The credit agreement includes procedures for additional financial institutions to become revolving lenders, or for any existing lender to increase its revolving commitment thereunder, subject to an aggregate maximum of $600.0 The credit agreement will mature on May 11, 2022, not Borrowings under the credit agreement bear interest, at the Partnership's option, at either the reserve-adjusted eurodollar rate (as defined in the credit agreement) plus an applicable margin which ranges from 2.0% 3.25% 0.5% 30 1.0% 1.0% 2.25%. 0.375% 0.5% The credit agreement includes financial covenants which are tested on a quarterly basis, based on the rolling four Prior to the date on which the Partnership issues qualified senior notes in an aggregate principal amount (when combined with all other qualified senior notes previously or concurrently issued) that equals or exceeds $200.0 4.75 1.00 December 31, 2020, may 5.25 1.00 $15.0 From and after the date on which the Partnership issues qualified senior notes in an aggregate principal amount (when combined with all other qualified senior notes previously or concurrently issued) that equals or exceeds $200.0 5.00 1.00; second 5.50 1.00. The maximum permitted consolidated senior secured leverage ratio (as defined in the credit agreement, but generally computed as the ratio of consolidated total secured debt to consolidated earnings before interest, taxes, depreciation, amortization and certain other non-cash charges) is 3.50 1.00, $200.0 The minimum permitted consolidated interest coverage ratio (as defined in the credit agreement, but generally computed as the ratio of consolidated earnings before interest, taxes, depreciation, amortization and certain other non-cash charges to consolidated interest expense) is 2.50 1.00. In addition, the credit agreement contains various covenants that, among other restrictions, limit the Partnership's ability to: • create, issue, incur or assume indebtedness; • create, incur or assume liens; • engage in mergers or acquisitions; • sell, transfer, assign or convey assets; • repurchase the Partnership's equity, make distributions to unitholders and make certain other restricted payments; • make investments; • modify the terms of certain indebtedness, or prepay certain indebtedness; • engage in transactions with affiliates; • enter into certain hedging contracts; • enter into certain burdensome agreements; • change the nature of the Partnership's business; and • make certain amendments to the Partnership's partnership agreement. At December 31, 2020 3.83 1.00 6.66 1.00. December 31, 2020 Management evaluates whether conditions and/or events raise substantial doubt about the Partnership's ability to continue as a going concern within one Based on the Partnership's forecasted EBITDA during the assessment period, management believes that it will meet these financial covenants. However, the Partnership cannot make any assurances that it will be able to achieve management's forecasts. If the Partnership is unable to achieve management's forecasts, further actions may not no may $252.6 December 31, 2020 not The credit agreement permits the Partnership to make quarterly distributions of available cash (as defined in the Partnership's partnership agreement) to unitholders so long as no 10 In addition to other customary events of default, the credit agreement includes an event of default if: (i) the general partner ceases to own 100% (ii) Ergon ceases to own and control 50.0% (iii) during any period of 12 (A) who were members of the Board on the first (B) whose election or nomination to the Board was approved by individuals referred to in clause (A) above constituting at the time of such election or nomination at least a majority of the Board; or (C) whose election or nomination to the Board was approved by individuals referred to in clauses (A) and (B) above constituting at the time of such election or nomination at least a majority of the Board, provided that any changes to the composition of individuals serving as members of the Board approved by Ergon will not If an event of default relating to bankruptcy or other insolvency events occurs with respect to the general partner or the Partnership, all indebtedness under the credit agreement will immediately become due and payable. If any other event of default exists under the credit agreement, the lenders may may If any default occurs under the credit agreement, or if the Partnership is unable to make any of the representations and warranties in the credit agreement, the Partnership will be unable to borrow funds or have letters of credit issued under the credit agreement. Debt issuance costs are being amortized over the term of the credit agreement. Interest expense related to debt issuance cost amortization for both of the years ended December 31, 2019 2020 $1.0 During the years ended December 31, 2019 2020 6.00% 3.97% $7.4 $5.6 |
Note 9 - Net Income Per Limited
Note 9 - Net Income Per Limited Partner Unit | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 9 . NET INCOME PER LIMITED PARTNER UNIT For purposes of calculating earnings per unit, the excess of distributions over earnings or excess of earnings over distributions for each period are allocated to the Partnership's general partner based on the general partner's ownership interest at the time. The following sets forth the computation of basic and diluted net income per common unit (in thousands, except per unit data): Year ended December 31, 2019 2020 Net income(loss) $ 18,412 $ (13,480 ) General partner interest in net income (loss) 337 (213 ) Preferred interest in net income 25,115 25,115 Net loss available to limited partners $ (7,040 ) $ (38,382 ) Basic and diluted weighted average number of units: Common units 40,755 41,104 Restricted and phantom units 1,023 1,285 Total units 41,778 42,389 Basic and diluted net loss from discontinued operations per common unit $ (0.08 ) $ (0.98 ) Basic and diluted net income(loss) from continuing operations per common unit $ (0.09 ) $ 0.07 Basic and diluted net loss per common unit $ (0.17 ) $ (0.91 ) |
Note 10 - Partners' Capital (De
Note 10 - Partners' Capital (Deficit) and Distributions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Partners' Capital Notes Disclosure [Text Block] | 10 . PARTNERS' CAPITAL (DEFICIT) AND DISTRIBUTIONS In accordance with the terms of its partnership agreement, each quarter the Partnership distributes all of its available cash (as defined in the partnership agreement) to its unitholders. Generally, distributions are allocated as follows: • first, 98.4% 1.6% • second, 98.4% 1.6% • thereafter, 98.4% 1.6% $0.11 The Preferred Units are convertible at the holders' option into common units. Holders of the Preferred Units are entitled to quarterly distributions of $0.17875 The general partner receives incentive distribution rights. Incentive distribution rights represent the right to receive an increasing percentage ( 13.0%, 23.0% 48.0% may • the Partnership has distributed available cash from operating surplus to the holders of our Preferred Units in an amount equal to the Preferred Units quarterly distribution amount; • the Partnership has distributed available cash from operating surplus to the holders of our Preferred Units in an amount necessary to eliminate any cumulative arrearages in the payment of the Preferred Units quarterly distribution amount; and • the Partnership has distributed available cash from operating surplus to the common unitholders and Class B unitholders in an amount equal to the minimum quarterly distribution; then the partnership agreement requires that the Partnership distribute any additional available cash from operating surplus for that quarter among the unitholders and the general partner in the following manner: • first, 98.4% 1.6% $0.1265 • second, 85.4% 14.6% $0.1375 • third, 75.4% 24.6% $0.1825 • thereafter, 50.4% 49.6% Distributions are also paid to the holders of restricted units and phantom units as disclosed in Note 13. The Partnership paid the following distributions on the Preferred Units during the years ended December 31, 2019 2020 Year Paid to Preferred Partner Paid Periods Covered Total Unitholders Paid to General 2019 Quarters ending December 31, 2018, March 31, 2019, June 30, 2019 and September 30, 2019 $ 25,521 $ 25,115 $ 406 2020 Quarters ending December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020 $ 25,519 $ 25,115 $ 404 In addition, on January 26, 2021 $0.17875 December 31, 2020 February 12, 2021 February 5, 2021 $6.4 $6.3 $0.1 The Partnership paid the following distributions on the common units during the years ended December 31, 2019 2020 Year Paid to Common Paid to General Paid to Phantom and Restricted Unitholders Under Paid Periods Covered Total Unitholders Partner the LTIP 2019 Quarters ending December 31, 2018, March 31, 2019, June 30, 2019 and September 30, 2019 $ 8,468 $ 8,150 $ 135 $ 183 2020 Quarters ending December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020 $ 6,887 $ 6,576 $ 109 $ 202 In addition, on January 26, 2021 $0.04 December 31, 2020 February 12, 2021 February 5, 2021 $1.7 $1.7 $0.1 |
Note 11 - Major Customers and C
Note 11 - Major Customers and Concentration of Credit Risk | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 11 . MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK Significant customers are defined as those who represent 10% For the year ended December 31, 2020 40% two third 12% 15% For the year ended December 31, 2019 34% two third 12% 16% |
Note 12 - Related-party Transac
Note 12 - Related-party Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 12 . RELATED-PARTY TRANSACTIONS The Partnership leases facilities to Ergon and provides liquid asphalt terminalling services to Ergon. For the years ended December 31, 2019 2020 $36.1 $44.4 December 31, 2019 2020 $1.1 $0.5 Effective April 1, 2018, December 31, 2019 2020 $133.5 $92.1 December 31, 2020 $8.7 December January 20, 2021. February 1, 2021. As of December 31, 2019, a contingent liability to Ergon of $12.2 December 2018. $2.2 December 31, 2019, January 3, 2020, December 31, 2020. Ergon 2016 In October 2016, 2016 nine July 2018, one 2016 October 5, 2016, August 2020, 2020 December 31, 2019 2020 $20.0 $12.0 Ergon Fontana and Las Vegas Storage Throughput and Handling Agreement In October 2016, two May 18, 2009, 2018. March 2019 January 1, 2019, August 1, 2020, 2020 December 31, 2019 2020 $6.0 $3.5 Ergon Lessee Operated Facility Lease Agreement and Previous Agreements In March 2019, 12 two January 1, 2019, August 1, 2020, 2020 December 31, 2019 2020, $8.3 $4.4 Ergon 2020 In August 2020, “2020 August 1, 2020, three 22 December 31, 2027. December 31, 2020, $16.8 Ergon Operating and Maintenance Agreement In August 2020, August 1, 2020, 22 2020 December 31, 2025, one December 31, 2020, $7.7 |
Note 13 - Long-term Incentive P
Note 13 - Long-term Incentive Plan | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 13 . LONG-TERM INCENTIVE PLAN In July 2007, 8.1 Subject to applicable earning criteria, a DER entitles the grantee to a cash payment equal to the cash distribution paid on an outstanding common unit prior to the vesting date of the underlying award. Recipients of restricted and phantom units are entitled to receive cash distributions paid on common units during the vesting period which are reflected initially as a reduction of partners' capital. Distributions paid on units that ultimately do not In connection with each anniversary of joining the Board, restricted common units are granted to the independent directors. The units vest in one third three Weighted Average Grant Date Total Fair Number of Grant Date Fair Value Grant Date Units Value (in thousands) December 2018 23,436 $ 1.20 $ 28 December 2019 7,500 $ 1.07 $ 8 December 2020 7,500 $ 2.06 $ 15 The Partnership also grants phantom units to employees. These grants are equity awards under ASC 718 Weighted Average Grant Date Total Fair Number of Grant Date Fair Value Grant Date Units Value (in thousands) March 2018 396,536 $ 4.77 $ 1,891 March 2019 524,997 $ 1.14 $ 598 June 2019 46,168 $ 1.08 $ 50 March 2020 600,396 $ 0.90 $ 540 October 2020 16,339 $ 1.53 $ 25 Compensation expense for the equity awards is calculated as the number of unit awards less forfeitures, multiplied by the grand date fair value of those awards. The Partnership estimates forfeiture rates based on historical forfeitures under the LTIP. The unrecognized estimated compensation cost relating to outstanding phantom and restricted units at December 31, 2019 $0.5 January 1, 2021, 279,581 March 2018 The Partnership's equity-based incentive compensation expense for the years ended December 31, 2019 2020 $0.9 $0.8 Activity pertaining to phantom common units and restricted common unit awards granted under the LTIP is as follows: Number of Grant Date Fair Units Value Nonvested, December 31, 2019 1,068,343 $ 3.42 Granted 624,235 0.93 Vested 322,608 5.43 Forfeited 19,604 1.90 Nonvested, December 31, 2020 1,350,366 $ 1.81 |
Note 14 - Employee Benefit Plan
Note 14 - Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 14 . EMPLOYEE BENEFIT PLAN Under the Partnership's 401 2009, may 401 may $0.6 December 31, 2019 2020 401 The Partnership may 401 may 401 401 $0.4 $0.6 December 31, 2019 2020 401 Under the Partnership's Employee Unit Purchase Plan (the “Unit Purchase Plan”), which was instituted in January 2015, may 1,000,000 may 2019 2020. |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 15 . COMMITMENTS AND CONTINGENCIES The Partnership is from time to time subject to various legal actions and claims incidental to its business. Management believes that these legal proceedings will not The Partnership has contractual obligations to perform dismantlement and removal activities in the event that some of its liquid asphalt terminalling assets are abandoned. These obligations include varying levels of activity, including completely removing the assets and returning the land to its original state. The Partnership has determined that the settlement dates related to the retirement obligations are indeterminate. The assets with indeterminate settlement dates have been in existence for many years and with regular maintenance will continue to be in service for many years to come. Also, it is not not no not |
Note 16 - Environmental Remedia
Note 16 - Environmental Remediation | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Environmental Loss Contingency Disclosure [Text Block] | 1 6 . ENVIRONMENTAL REMEDIATION The Partnership maintains insurance of various types with varying levels of coverage that it considers adequate under the circumstances to cover its operations and properties. The insurance policies are subject to deductibles and retention levels that the Partnership considers reasonable and not may At December 31, 2019 2020 may no December 31, 2019 2020 may |
Note 17 - Fair Value Measuremen
Note 17 - Fair Value Measurements | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 17 . FAIR VALUE MEASUREMENTS The Partnership uses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost) to value these assets and liabilities as appropriate. The Partnership uses an exit price when determining the fair value. The exit price represents amounts that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Partnership utilizes a three three three Level 1 Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 Inputs other than quoted prices that are observable for these assets or liabilities, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not Level 3 Unobservable inputs in which there is little market data, which requires the reporting entity to develop its own assumptions. This hierarchy requires the use of observable market data, when available, to minimize the use of unobservable inputs when determining fair value. In periods in which they occur, the Partnership recognizes transfers into and out of Level 3 3 3 Fair Value of Other Financial Instruments The following disclosure of the estimated fair value of financial instruments is made in accordance with accounting guidance for financial instruments. The Partnership has determined the estimated fair values by using available market information and valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. The use of different market assumptions or valuation methodologies may At December 31, 2020 1 Based on the borrowing rates currently available to the Partnership for credit agreement debt with similar terms and maturities and consideration of the Partnership's non-performance risk, long-term debt associated with the Partnership's credit agreement at December 31, 2020 3. |
Note 18 - Leases
Note 18 - Leases | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 18. LEASES The Partnership leases certain office space and land under operating leases. Leases with an initial term of 12 not not not Some real property leases contain options to renew, with renewal terms that can extend indefinitely. The exercise of such lease renewal options is at the Partnership's sole discretion. The Partnership determines the lease term at the lease commencement date as the non-cancellable period of the lease, including options to extend or terminate the lease when such an option is reasonably certain to be exercised. The Partnership uses various data to analyze these options, including historical trends, current expectations and useful lives of assets related to the lease. Operating lease assets and liabilities are stated in separate line items on the consolidated balance sheets. Future commitments, including options to extend lease terms that are reasonably certain of being exercised, related to leases at December 31, 2020 Operating Leases Twelve months ending December 31, 2021 $ 1,913 Twelve months ending December 31, 2022 1,502 Twelve months ending December 31, 2023 1,428 Twelve months ending December 31, 2024 798 Twelve months ending December 31, 2025 704 Thereafter 5,386 Total 11,731 Less: Interest 3,067 Present value of lease liabilities $ 8,664 The following table summarizes the Partnership's total lease cost by type as well as cash flow information (in thousands): For the Year Ended December 31, Classification 2019 2020 Total Lease Cost by Type: Operating lease cost(1) Operating Expense 1,916 $ 1,953 Short-term lease cost Operating Expense 247 $ 172 Net lease cost $ 2,163 $ 2,125 Supplemental cash flow disclosures: Cash paid for amounts included in the measurement of lease liabilities: Payments on operating leases $ 1,349 $ 1,400 Leased assets obtained in exchange for new operating lease liabilities $ 1,714 $ 119 ( 1 Includes variable lease costs, which are immaterial. As of December 31, 2020 Lease Term and Discount Rate Weighted-average remaining operating lease term (years) 10.4 Weighted-average discount rate 5.87 % |
Note 19 - Income Taxes
Note 19 - Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 19. INCOME TAXES The anticipated after-tax economic benefit of an investment in the Partnership's common units depends largely on the Partnership being treated as a partnership for federal income tax purposes. If less than 90% 7704 If the Partnership were treated as a corporation for federal income tax purposes, then it would pay federal income tax on its income at the applicable corporate tax rate and would likely pay state income tax at varying rates. Distributions would generally be taxed again to unitholders as corporate distributions and none The Partnership has entered into storage or lease contracts with third second 2009, October 2009, first 2010. none |
Note 20 - Recently Issued Accou
Note 20 - Recently Issued Accounting Standards | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 20 . RECENTLY ISSUED ACCOUNTING STANDARDS In December 2019, 2019 12, 740 740. 740 three March 31, 2021, not |
Note 21 - Subsequent Events
Note 21 - Subsequent Events | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 21. SUBSEQUENT EVENTS On February 1 2, 2021, March 1, 2021, $164.0 January 8, 2021, $350.0 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | USE OF ESTIMATES 1 2 3 4 5 6 |
Cash and Cash Equivalents, Policy [Policy Text Block] | CASH AND CASH EQUIVALENTS three |
Accounts Receivable [Policy Text Block] | ACCOUNTS RECEIVABLE not no not no December 31, 2019 2020 |
Property, Plant and Equipment, Policy [Policy Text Block] | PROPERTY, PLANT AND EQUIPMENT not Depreciation is calculated using the straight-line method based on estimated useful lives of the assets. These estimates are based on various factors, including age (in the case of acquired assets), manufacturing specifications, technological advances and historical data concerning useful lives of similar assets. Uncertainties that impact these estimates include changes in laws and regulations relating to restoration and abandonment requirements, economic conditions and supply and demand in the area. When assets are put into service, management makes estimates with respect to useful lives and salvage values that it believes are reasonable. However, subsequent events could cause management to change its estimates, thus impacting the future calculation of depreciation. The Partnership has contractual obligations to perform dismantlement and removal activities in the event that some of its liquid asphalt terminalling assets are abandoned (see Note 15 |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | IMPAIRMENT OF LONG-LIVED ASSETS AND OTHER INTANGIBLE ASSETS not may not not During the year ended December 31, 2019, $0.3 $2.2 Acquired customer relationships are capitalized and amortized over useful lives ranging from approximately 5 10 not no December 31, 2019 2020. |
Debt, Policy [Policy Text Block] | DEBT ISSUANCE COSTS not |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | GOODWILL not December one not 3 no 2020 2019. no 2019 2020 |
Environmental Costs, Policy [Policy Text Block] | ENVIRONMENTAL MATTERS no December 31, 2019 2020 |
Revenue [Policy Text Block] | REVENUE RECOGNITION 606 842. 4 |
Income Tax, Policy [Policy Text Block] | INCOME AND OTHER TAXES December 31, 2019 2020 19 |
Share-based Payment Arrangement [Policy Text Block] | STOCK-BASED COMPENSATION 8.1 The Partnership classifies unit award grants as either equity or liability awards. All award grants made under the LTIP from its inception through December 31, 2020 not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | FAIR VALUE OF FINANCIAL INSTRUMENTS |
Leases [Policy Text Block] | LEASES The Partnership is both a lessee and a lessor. For lessee contracts, the length of lease agreements vary from less than one twenty-five not 12 not 4 |
Note 4 - Revenue (Tables)
Note 4 - Revenue (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | Revenue from Contracts with Revenue from Customers(1) Leases 2021 $ 39,003 $ 58,265 2022 31,662 47,459 2023 27,985 40,265 2024 28,028 40,312 2025 26,711 37,397 Thereafter 37,374 42,603 Total revenue related to future performance obligations $ 190,763 $ 266,301 |
Disaggregation of Revenue [Table Text Block] | Year ended December 31, 2019 Revenue from contracts with customers Lease revenue Third-party revenue Related-party revenue Third-party revenue Related-party revenue Fixed storage, throughput and other revenue $ 19,865 $ 11,117 $ - $ - Fixed lease revenue - - 37,176 19,060 Variable cost recovery revenue 7,121 4,473 2,270 448 Variable throughput and other revenue 1,703 106 2,244 935 Total $ 28,689 $ 15,696 $ 41,690 $ 20,443 Year ended December 31, 2020 Revenue from contracts with customers Lease revenue Fixed storage, throughput and other revenue $ 20,303 $ 14,531 $ - $ - Fixed lease revenue - - 32,498 24,547 Variable cost recovery revenue 6,620 3,076 2,205 763 Variable throughput and other revenue 2,248 421 1,927 1,106 Total $ 29,171 $ 18,028 $ 36,630 $ 26,416 |
Note 5 - Discontinued Operati_2
Note 5 - Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Assets and Liabilities of Discontinued Operations (in thousands) As of December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total ASSETS Accounts receivable, net $ 822 $ 20,041 $ 166 $ 21,029 Other current assets 256 2,699 3,375 6,330 Plant, property, and equipment 3,120 62,590 59,692 125,402 Operating lease assets 745 113 - 858 Other noncurrent assets 211 2,657 2,038 4,906 Total assets of discontinued operations $ 5,154 $ 88,100 $ 65,271 $ 158,525 LIABILITIES Current liabilities $ 1,238 $ 21,277 $ 1,228 $ 23,743 Current operating lease liability 520 15 - 535 Noncurrent operating lease liability 223 88 - 311 Other liabilities 122 226 472 820 Total liabilities of discontinued operations $ 2,103 $ 21,606 $ 1,700 $ 25,409 Assets and Liabilities of Discontinued Operations (in thousands) As of December 31, 2020 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total ASSETS Accounts receivable, net $ 81 $ 13,711 $ 167 $ 13,959 Plant, property, and equipment 442 23,541 52,854 76,837 Other assets 331 547 5,271 6,149 Total assets of discontinued operations $ 854 $ 37,799 $ 58,292 $ 96,945 LIABILITIES Current liabilities $ 1,017 $ 14,921 $ 1,310 $ 17,248 Total liabilities of discontinued operations $ 1,017 $ 14,921 $ 1,310 $ 17,248 Statement of Operations for Discontinued Operations (in thousands) Year Ended December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Revenue: Third-party service revenue $ 11,061 $ 6,686 $ 15,362 $ 33,109 Related-party service revenue - 266 - 266 Intercompany service revenue 5,555 - 931 6,486 Third-party product sales revenue - 231,051 - 231,051 Costs and expenses: Operating expense 16,763 16,088 9,012 41,863 Intercompany operating expense - 6,486 - 6,486 Cost of product sales - 83,319 - 83,319 Cost of product sales from related party - 134,162 - 134,162 General and administrative expense 267 438 1 706 (Gain) loss on sale of assets (1,497 ) 836 77 (584 ) Interest expense 11 1,598 6,919 8,528 Income (loss) before income taxes 1,072 (4,924 ) 284 (3,568 ) Provision for income taxes 15 4 - 19 Net income (loss) from discontinued operations $ 1,057 $ (4,928 ) $ 284 $ (3,587 ) Statement of Operations for Discontinued Operations (in thousands) Year Ended December 31, 2020 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Revenue: Third-party service revenue $ 5,293 $ 1,689 $ 16,856 $ 23,838 Intercompany service revenue 5,587 - - 5,587 Third-party product sales revenue - 157,544 - 157,544 Costs and expenses: Operating expense 12,386 13,427 8,561 34,374 Intercompany operating expense - 5,587 - 5,587 Cost of product sales - 52,624 - 52,624 Cost of product sales from related party - 86,247 - 86,247 General and administrative expense 284 385 - 669 Asset impairment expense 1,330 2,821 2,266 6,417 Gain on sale of assets (11 ) (445 ) (734 ) (1,190 ) Interest expense 11 960 4,348 5,319 Loss on disposal/classification as held for sale(1) 1,847 37,249 - 39,096 Income (loss) before income taxes (4,967 ) (39,622 ) 2,415 (42,174 ) Provision for income taxes 3 (2 ) - 1 Net income (loss) from discontinued operations $ (4,970 ) $ (39,620 ) $ 2,415 $ (42,175 ) Select cash flow information (in thousands) Year Ended December 31, 2019 Crude Oil Trucking Services Crude Oil Pipeline Services Crude Oil Terminalling Services Total Depreciation and amortization $ 538 $ 5,332 $ 4,466 $ 10,336 Capital expenditures $ 2,168 $ 1,846 $ 874 $ 4,888 Year Ended December 31, 2020 Depreciation and amortization $ 719 $ 4,550 $ 4,383 $ 9,652 Capital expenditures $ 2,074 $ 4,555 $ 720 $ 7,349 |
Note 6 - Property, Plant and _2
Note 6 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Estimated Useful Lives As of December 31, (Years) 2019 2020 (dollars in thousands) Land N/A $ 21,876 $ 21,826 Land improvements 10 20 5,139 5,024 Storage and terminal facilities 10 35 241,733 249,977 Office property and equipment and other 3 30 21,099 23,278 Construction-in-progress N/A 3,371 2,165 Property, plant and equipment, gross 293,218 302,270 Accumulated depreciation (185,845 ) (197,561 ) Property, plant and equipment, net $ 107,373 $ 104,709 |
Note 7 - Intangible Assets, N_2
Note 7 - Intangible Assets, Net (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | As of December 31, 2019 2020 (in thousands) Customer relationships $ 16,022 $ 16,022 Accumulated amortization of intangible assets (6,109 ) (8,491 ) Intangible assets, net $ 9,913 $ 7,531 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | For year ending: December 31, 2021 $ 2,382 December 31, 2022 2,382 December 31, 2023 958 December 31, 2024 958 December 31, 2025 851 Thereafter - Total estimated aggregate amortization expense $ 7,531 |
Note 9 - Net Income Per Limit_2
Note 9 - Net Income Per Limited Partner Unit (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year ended December 31, 2019 2020 Net income(loss) $ 18,412 $ (13,480 ) General partner interest in net income (loss) 337 (213 ) Preferred interest in net income 25,115 25,115 Net loss available to limited partners $ (7,040 ) $ (38,382 ) Basic and diluted weighted average number of units: Common units 40,755 41,104 Restricted and phantom units 1,023 1,285 Total units 41,778 42,389 Basic and diluted net loss from discontinued operations per common unit $ (0.08 ) $ (0.98 ) Basic and diluted net income(loss) from continuing operations per common unit $ (0.09 ) $ 0.07 Basic and diluted net loss per common unit $ (0.17 ) $ (0.91 ) |
Note 10 - Partners' Capital (_2
Note 10 - Partners' Capital (Deficit) and Distributions (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Distributions Made to Limited Partner, by Distribution [Table Text Block] | Year Paid to Preferred Partner Paid Periods Covered Total Unitholders Paid to General 2019 Quarters ending December 31, 2018, March 31, 2019, June 30, 2019 and September 30, 2019 $ 25,521 $ 25,115 $ 406 2020 Quarters ending December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020 $ 25,519 $ 25,115 $ 404 Year Paid to Common Paid to General Paid to Phantom and Restricted Unitholders Under Paid Periods Covered Total Unitholders Partner the LTIP 2019 Quarters ending December 31, 2018, March 31, 2019, June 30, 2019 and September 30, 2019 $ 8,468 $ 8,150 $ 135 $ 183 2020 Quarters ending December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020 $ 6,887 $ 6,576 $ 109 $ 202 |
Note 13 - Long-term Incentive_2
Note 13 - Long-term Incentive Plan (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block] | Weighted Average Grant Date Total Fair Number of Grant Date Fair Value Grant Date Units Value (in thousands) December 2018 23,436 $ 1.20 $ 28 December 2019 7,500 $ 1.07 $ 8 December 2020 7,500 $ 2.06 $ 15 Weighted Average Grant Date Total Fair Number of Grant Date Fair Value Grant Date Units Value (in thousands) March 2018 396,536 $ 4.77 $ 1,891 March 2019 524,997 $ 1.14 $ 598 June 2019 46,168 $ 1.08 $ 50 March 2020 600,396 $ 0.90 $ 540 October 2020 16,339 $ 1.53 $ 25 |
Share-based Payment Arrangement, Activity [Table Text Block] | Number of Grant Date Fair Units Value Nonvested, December 31, 2019 1,068,343 $ 3.42 Granted 624,235 0.93 Vested 322,608 5.43 Forfeited 19,604 1.90 Nonvested, December 31, 2020 1,350,366 $ 1.81 |
Note 18 - Leases (Tables)
Note 18 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Operating Leases Twelve months ending December 31, 2021 $ 1,913 Twelve months ending December 31, 2022 1,502 Twelve months ending December 31, 2023 1,428 Twelve months ending December 31, 2024 798 Twelve months ending December 31, 2025 704 Thereafter 5,386 Total 11,731 Less: Interest 3,067 Present value of lease liabilities $ 8,664 |
Lease, Cost [Table Text Block] | For the Year Ended December 31, Classification 2019 2020 Total Lease Cost by Type: Operating lease cost(1) Operating Expense 1,916 $ 1,953 Short-term lease cost Operating Expense 247 $ 172 Net lease cost $ 2,163 $ 2,125 Supplemental cash flow disclosures: Cash paid for amounts included in the measurement of lease liabilities: Payments on operating leases $ 1,349 $ 1,400 Leased assets obtained in exchange for new operating lease liabilities $ 1,714 $ 119 As of December 31, 2020 Lease Term and Discount Rate Weighted-average remaining operating lease term (years) 10.4 Weighted-average discount rate 5.87 % |
Note 1 - Organization and Nat_2
Note 1 - Organization and Nature of Business (Details Textual) | 12 Months Ended |
Dec. 31, 2020 | |
Number of States in which Entity Operates | 26 |
Number of Operating Segments | 1 |
Note 3 - Summary of Significa_2
Note 3 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands, shares in Millions | 12 Months Ended | |
Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($) | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 0 | $ 0 |
Tangible Asset Impairment Charges, Total | 6,416 | 274 |
Other than Temporary Impairment Losses, Investments, Total | 2,202 | |
Impairment of Intangible Assets (Excluding Goodwill), Total | $ 0 | 0 |
Number of Reporting Units | 1 | |
Goodwill, Impairment Loss | $ 0 | 0 |
Accrual for Environmental Loss Contingencies, Ending Balance | $ 0 | $ 0 |
Blueknight Energy Partners GP LLC Long Term Incentive Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares | 8.1 | |
Maximum [Member] | ||
Lessee, Operating Lease, Term of Contract (Year) | 25 years | |
Customer Relationships [Member] | Minimum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years | |
Customer Relationships [Member] | Maximum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years |
Note 4 - Revenue (Details Textu
Note 4 - Revenue (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Billed Contracts Receivable | $ 2.1 | $ 2.1 |
Contract with Customer, Liability, Total | 2.2 | $ 3.2 |
Contract with Customer, Liability, Revenue Recognized | $ 1.8 |
Note 4 - Revenue - Future Perfo
Note 4 - Revenue - Future Performance Obligations (Details) $ in Thousands | Dec. 31, 2020USD ($) | |
2021, Revenue from Leases | $ 58,265 | |
2022, Revenue from Leases | 47,459 | |
2023, Revenue from Leases | 40,265 | |
2024, Revenue from Leases | 40,312 | |
2025, Revenue from Leases | 37,397 | |
Thereafter, Revenue from Leases | 42,603 | |
Revenue related to future performance obligation | 190,763 | [1] |
Revenue from Leases | $ 266,301 | |
[1] | Excluded from the table is revenue that is either constrained or related to performance obligations that are wholly unsatisfied as of December 31, 2020. |
Note 4 - Revenue - Future Per_2
Note 4 - Revenue - Future Performance Obligations 2 (Details) $ in Thousands | Dec. 31, 2020USD ($) | |
Revenue related to future performance obligation | $ 190,763 | [1] |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | ||
Revenue related to future performance obligation | $ 39,003 | [2] |
Expected Timing of Satisfaction, Period (Year) | 1 year | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | ||
Revenue related to future performance obligation | $ 31,662 | [2] |
Expected Timing of Satisfaction, Period (Year) | 1 year | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | ||
Revenue related to future performance obligation | $ 27,985 | [2] |
Expected Timing of Satisfaction, Period (Year) | 1 year | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | ||
Revenue related to future performance obligation | $ 28,028 | [2] |
Expected Timing of Satisfaction, Period (Year) | 1 year | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | ||
Revenue related to future performance obligation | $ 26,711 | [2] |
Expected Timing of Satisfaction, Period (Year) | 1 year | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | ||
Revenue related to future performance obligation | $ 37,374 | [2] |
Expected Timing of Satisfaction, Period (Year) | ||
[1] | Excluded from the table is revenue that is either constrained or related to performance obligations that are wholly unsatisfied as of December 31, 2020. | |
[2] | Excluded from the table is revenue that is either constrained or related to performance obligations that are wholly unsatisfied as of December 31, 2020. |
Note 4 - Revenue - Disaggregati
Note 4 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Third Party [Member] | ||
Revenue from contracts with customers | $ 29,171 | $ 28,689 |
Lease revenue | 36,630 | 41,690 |
Third Party [Member] | Fixed Storageand Throughput Revenue [Member] | ||
Revenue from contracts with customers | 20,303 | 19,865 |
Lease revenue | ||
Third Party [Member] | Fixed Lease Revenue [Member] | ||
Revenue from contracts with customers | ||
Lease revenue | 32,498 | 37,176 |
Third Party [Member] | Variable Cost Recovery Revenue [Member] | ||
Revenue from contracts with customers | 6,620 | 7,121 |
Lease revenue | 2,205 | 2,270 |
Third Party [Member] | Variable Throughput Revenue [Member] | ||
Revenue from contracts with customers | 2,248 | 1,703 |
Lease revenue | 1,927 | 2,244 |
Related Party [Member] | ||
Revenue from contracts with customers | 18,028 | 15,696 |
Lease revenue | 26,416 | 20,443 |
Related Party [Member] | Fixed Storageand Throughput Revenue [Member] | ||
Revenue from contracts with customers | 14,531 | 11,117 |
Lease revenue | ||
Related Party [Member] | Fixed Lease Revenue [Member] | ||
Revenue from contracts with customers | ||
Lease revenue | 24,547 | 19,060 |
Related Party [Member] | Variable Cost Recovery Revenue [Member] | ||
Revenue from contracts with customers | 3,076 | 4,473 |
Lease revenue | 763 | 448 |
Related Party [Member] | Variable Throughput Revenue [Member] | ||
Revenue from contracts with customers | 421 | 106 |
Lease revenue | $ 1,106 | $ 935 |
Note 5 - Discontinued Operati_3
Note 5 - Discontinued Operations (Details Textual) - USD ($) | Dec. 15, 2020 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 21, 2020 |
Asset Impairment Charges, Total | $ 2,476,000 | |||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax, Total | (39,096,000) | |||||
Pipeline Linefill [Member] | ||||||
Asset Impairment Charges, Total | $ 4,900,000 | |||||
Crude Oil Trucking Services [Member] | ||||||
Asset Impairment Charges, Total | 1,300,000 | |||||
Crude Oil Terminalling Services [Member] | Pipeline Linefill [Member] | ||||||
Asset Impairment Charges, Total | 2,300,000 | |||||
Crude Oil Pipeline Services [Member] | Pipeline Linefill [Member] | ||||||
Asset Impairment Charges, Total | $ 2,600,000 | |||||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | ||||||
Proceeds from Divestiture of Businesses, Held in Escrow | $ 1,500 | |||||
Expected Exit and Disposal Costs | $ 1,600,000 | |||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax, Total | (37,249,000) | |||||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | ||||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax, Total | $ (1,100,000) | $ (700,000) | $ (1,847,000) |
Note 5 - Discontinued Operati_4
Note 5 - Discontinued Operations - Financial Information (Details) - USD ($) | Dec. 15, 2020 | Dec. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 |
ASSETS | ||||
Accounts receivable, net | $ 13,959,000 | $ 13,959,000 | $ 21,029,000 | |
Other current assets | 6,330,000 | |||
Plant, property, and equipment | 76,837,000 | 76,837,000 | 125,402,000 | |
Operating lease assets | 858,000 | |||
Other noncurrent assets | 4,906,000 | |||
Total assets of discontinued operations | 96,945,000 | 96,945,000 | 158,525,000 | |
Other assets | 6,149,000 | 6,149,000 | ||
LIABILITIES | ||||
Current liabilities | 17,248,000 | 17,248,000 | 23,743,000 | |
Current operating lease liability | 535,000 | |||
Noncurrent operating lease liability | 311,000 | |||
Other liabilities | 820,000 | |||
Total liabilities of discontinued operations | 17,248,000 | 17,248,000 | 25,409,000 | |
Operating expense | 34,374,000 | 41,863,000 | ||
General and administrative expense | 669,000 | 706,000 | ||
(Gain) loss on sale of assets | (1,190,000) | (584,000) | ||
Interest expense | 5,319,000 | 8,528,000 | ||
Income (loss) before income taxes | (42,174,000) | (3,568,000) | ||
Provision for income taxes | 1,000 | 19,000 | ||
Net income (loss) from discontinued operations | (42,175,000) | (3,587,000) | ||
Asset impairment expense | 6,417,000 | |||
Loss on disposal/classification of held for sale for discontinued operations | 39,096,000 | |||
Depreciation and amortization | 9,652,000 | 10,336,000 | ||
Capital expenditures | 7,349,000 | 4,888,000 | ||
Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Operating expense | 5,587,000 | 6,486,000 | ||
Service [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Revenue | 5,587,000 | 6,486,000 | ||
Third Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | 52,624,000 | 83,319,000 | ||
Third Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 23,838,000 | 33,109,000 | ||
Third Party [Member] | Product [Member] | ||||
LIABILITIES | ||||
Revenue | 157,544,000 | 231,051,000 | ||
Related Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | 86,247,000 | 134,162,000 | ||
Related Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 266,000 | |||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | ||||
ASSETS | ||||
Accounts receivable, net | 81,000 | 81,000 | 822,000 | |
Other current assets | 256,000 | |||
Plant, property, and equipment | 442,000 | 442,000 | 3,120,000 | |
Operating lease assets | 745,000 | |||
Other noncurrent assets | 211,000 | |||
Total assets of discontinued operations | 854,000 | 854,000 | 5,154,000 | |
Other assets | 331,000 | 331,000 | ||
LIABILITIES | ||||
Current liabilities | 1,017,000 | 1,017,000 | 1,238,000 | |
Current operating lease liability | 520,000 | |||
Noncurrent operating lease liability | 223,000 | |||
Other liabilities | 122,000 | |||
Total liabilities of discontinued operations | 1,017,000 | 1,017,000 | 2,103,000 | |
Operating expense | 12,386,000 | 16,763,000 | ||
General and administrative expense | 284,000 | 267,000 | ||
(Gain) loss on sale of assets | (11,000) | (1,497,000) | ||
Interest expense | 11,000 | 11,000 | ||
Income (loss) before income taxes | (4,967,000) | 1,072,000 | ||
Provision for income taxes | 3,000 | 15,000 | ||
Net income (loss) from discontinued operations | (4,970,000) | 1,057,000 | ||
Asset impairment expense | 1,330,000 | |||
Loss on disposal/classification of held for sale for discontinued operations | $ 1,100,000 | 700,000 | 1,847,000 | |
Depreciation and amortization | 719,000 | 538,000 | ||
Capital expenditures | 2,074,000 | 2,168,000 | ||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Operating expense | ||||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Service [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Revenue | 5,587,000 | 5,555,000 | ||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | ||||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 5,293,000 | 11,061,000 | ||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Product [Member] | ||||
LIABILITIES | ||||
Revenue | ||||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | ||||
Crude Oil Trucking Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | ||||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | ||||
ASSETS | ||||
Accounts receivable, net | 13,711,000 | 13,711,000 | 20,041,000 | |
Other current assets | 2,699,000 | |||
Plant, property, and equipment | 23,541,000 | 23,541,000 | 62,590,000 | |
Operating lease assets | 113,000 | |||
Other noncurrent assets | 2,657,000 | |||
Total assets of discontinued operations | 37,799,000 | 37,799,000 | 88,100,000 | |
Other assets | 547,000 | 547,000 | ||
LIABILITIES | ||||
Current liabilities | 14,921,000 | 14,921,000 | 21,277,000 | |
Current operating lease liability | 15,000 | |||
Noncurrent operating lease liability | 88,000 | |||
Other liabilities | 226,000 | |||
Total liabilities of discontinued operations | 14,921,000 | 14,921,000 | 21,606,000 | |
Operating expense | 13,427,000 | 16,088,000 | ||
General and administrative expense | 385,000 | 438,000 | ||
(Gain) loss on sale of assets | (445,000) | 836,000 | ||
Interest expense | 960,000 | 1,598,000 | ||
Income (loss) before income taxes | (39,622,000) | (4,924,000) | ||
Provision for income taxes | (2,000) | 4,000 | ||
Net income (loss) from discontinued operations | (39,620,000) | (4,928,000) | ||
Asset impairment expense | 2,821,000 | |||
Loss on disposal/classification of held for sale for discontinued operations | 37,249,000 | |||
Depreciation and amortization | 4,550,000 | 5,332,000 | ||
Capital expenditures | 4,555,000 | 1,846,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Operating expense | 5,587,000 | 6,486,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Service [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Revenue | ||||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | 52,624,000 | 83,319,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 1,689,000 | 6,686,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Product [Member] | ||||
LIABILITIES | ||||
Revenue | 157,544,000 | 231,051,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | 86,247,000 | 134,162,000 | ||
Crude Oil Pipeline Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 266,000 | |||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | ||||
ASSETS | ||||
Accounts receivable, net | 167,000 | 167,000 | 166,000 | |
Other current assets | 3,375,000 | |||
Plant, property, and equipment | 52,854,000 | 52,854,000 | 59,692,000 | |
Operating lease assets | ||||
Other noncurrent assets | 2,038,000 | |||
Total assets of discontinued operations | 58,292,000 | 58,292,000 | 65,271,000 | |
Other assets | 5,271,000 | 5,271,000 | ||
LIABILITIES | ||||
Current liabilities | 1,310,000 | 1,310,000 | 1,228,000 | |
Current operating lease liability | ||||
Noncurrent operating lease liability | ||||
Other liabilities | 472,000 | |||
Total liabilities of discontinued operations | $ 1,310,000 | 1,310,000 | 1,700,000 | |
Operating expense | 8,561,000 | 9,012,000 | ||
General and administrative expense | 1,000 | |||
(Gain) loss on sale of assets | (734,000) | 77,000 | ||
Interest expense | 4,348,000 | 6,919,000 | ||
Income (loss) before income taxes | 2,415,000 | 284,000 | ||
Provision for income taxes | ||||
Net income (loss) from discontinued operations | 2,415,000 | 284,000 | ||
Asset impairment expense | 2,266,000 | |||
Loss on disposal/classification of held for sale for discontinued operations | ||||
Depreciation and amortization | 4,383,000 | 4,466,000 | ||
Capital expenditures | 720,000 | 874,000 | ||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Operating expense | ||||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Service [Member] | Intersegment Eliminations [Member] | ||||
LIABILITIES | ||||
Revenue | 931,000 | |||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | ||||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue | 16,856,000 | 15,362,000 | ||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Third Party [Member] | Product [Member] | ||||
LIABILITIES | ||||
Revenue | ||||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | ||||
LIABILITIES | ||||
Cost of product sales | ||||
Crude Oil Terminalling Services [Member] | Discontinued Operations, Held-for-sale [Member] | Related Party [Member] | Service [Member] | ||||
LIABILITIES | ||||
Revenue |
Note 6 - Property, Plant and _3
Note 6 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Property Subject to or Available for Operating Lease, Gross | $ 295.4 | |
Property Subject to or Available for Operating Lease, Accumulated Depreciation | 191 | |
Depreciation, Total | $ 11 | $ 12.8 |
Note 6 - Property, Plant and _4
Note 6 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Property, plant and equipment, gross | $ 302,270 | $ 293,218 |
Accumulated depreciation | (197,561) | (185,845) |
Property, plant and equipment, net | 104,709 | 107,373 |
Land [Member] | ||
Property, plant and equipment, gross | 21,826 | 21,876 |
Land Improvements [Member] | ||
Property, plant and equipment, gross | $ 5,024 | 5,139 |
Land Improvements [Member] | Minimum [Member] | ||
Estimated Useful Lives (Year) | 10 years | |
Land Improvements [Member] | Maximum [Member] | ||
Estimated Useful Lives (Year) | 20 years | |
Storage and Terminal Facilities [Member] | ||
Property, plant and equipment, gross | $ 249,977 | 241,733 |
Storage and Terminal Facilities [Member] | Minimum [Member] | ||
Estimated Useful Lives (Year) | 10 years | |
Storage and Terminal Facilities [Member] | Maximum [Member] | ||
Estimated Useful Lives (Year) | 35 years | |
Office Equipment [Member] | ||
Property, plant and equipment, gross | $ 23,278 | 21,099 |
Office Equipment [Member] | Minimum [Member] | ||
Estimated Useful Lives (Year) | 3 years | |
Office Equipment [Member] | Maximum [Member] | ||
Estimated Useful Lives (Year) | 30 years | |
Construction in Progress [Member] | ||
Property, plant and equipment, gross | $ 2,165 | $ 3,371 |
Note 7 - Intangible Assets, N_3
Note 7 - Intangible Assets, Net (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Feb. 29, 2016 | Dec. 31, 2020 | Dec. 31, 2019 | |
Amortization of Intangible Assets, Total | $ 2.4 | $ 2.4 | ||
Customer Relationships [Member] | Minimum [Member] | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years | |||
Customer Relationships [Member] | Maximum [Member] | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | |||
Asphalt Terminalling Services [Member] | Customer Relationships [Member] | ||||
Finite-lived Intangible Assets Acquired | $ 7.6 | $ 8.4 |
Note 7 - Intangible Assets, N_4
Note 7 - Intangible Assets, Net - Net of Accumulated Depreciation (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Customer relationships | $ 16,022 | $ 16,022 |
Accumulated amortization of intangible assets | (8,491) | (6,109) |
Total estimated aggregate amortization expense | $ 7,531 | $ 9,913 |
Note 7 - Intangible Assets, N_5
Note 7 - Intangible Assets, Net - Net Estimated Aggregate Amortization Expense On Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
December 31, 2021 | $ 2,382 | |
December 31, 2022 | 2,382 | |
December 31, 2023 | 958 | |
December 31, 2024 | 958 | |
December 31, 2025 | 851 | |
Thereafter | ||
Total estimated aggregate amortization expense | $ 7,531 | $ 9,913 |
Note 8 - Debt (Details Textual)
Note 8 - Debt (Details Textual) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Mar. 04, 2021USD ($) | Jan. 08, 2021USD ($) | Jun. 28, 2018USD ($) | Jun. 27, 2018USD ($) | |
Amortization of Debt Issuance Costs | $ 1,004 | $ 1,005 | ||||
Credit Agreement [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity Including Additional Lenders | 600,000 | |||||
Debt Instrument Covenant, Issued Qualified Senior Notes | $ 200,000 | |||||
Debt Instrument Covenant, Prior to Issuance of Qualified Senior Notes, Maximum Permitted Consolidated Total Leverage Ratio | 4.75 | |||||
Debt Instrument Covenant, Prior to Issuance of Qualified Senior Notes, Based on Occurence of Acquisition, Maximum Permitted Consolidated Total Leverage Ratio | 5.25 | |||||
Debt Instrument Covenant, Specified Acquisition, Aggregate Consideration | $ 15,000 | |||||
Debt Instrument Covenant, Prior to Issuance of Qualified Senior Notes, Maximum Permitted Consolidated Total Leverage Ratio | 5 | |||||
Debt Instrument Covenant, After Issuance of Qualified Senior Notes, Based on Occurence of Acquisition, Maximum Permitted Consolidated Total Leverage Ratio | 5.5 | |||||
Debt Instrument Covenant, Maximum Permitted Consolidated Senior Secured Leverage Ratio | 3.5 | |||||
Debt Instrument Covenant, Minimum Permitted Consolidated Interest Coverage Ratio | 2.5 | |||||
Consolidated Total Leverage Ratio | 3.83 | |||||
Consolidated Interest Coverage Ratio | 6.66 | |||||
Long-term Debt, Total | $ 252,600 | |||||
Debt Instrument Covenant, Default, Percentage of General Partner Interest Cease | 100.00% | |||||
Amortization of Debt Issuance Costs | $ 1,000 | $ 1,000 | ||||
Debt Instrument, Interest Rate During Period | 3.97% | 6.00% | ||||
Interest Expense, Long-term Debt, Total | $ 5,600 | $ 7,400 | ||||
Credit Agreement [Member] | Ergon [Member] | ||||||
Debt Instrument Covenant, Default, Percentage of Membership Interest Cease | 50.00% | |||||
Credit Agreement [Member] | Federal Funds Effective Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||
Credit Agreement [Member] | Eurodollar Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | |||||
Credit Agreement [Member] | Minimum [Member] | ||||||
Line of Credit Facility, Commitment Fee Percentage | 0.375% | |||||
Credit Agreement [Member] | Minimum [Member] | Applicable Margin Based on Eurodollar Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |||||
Credit Agreement [Member] | Minimum [Member] | Applicable Margin on Based on Alternate Base Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | |||||
Credit Agreement [Member] | Maximum [Member] | ||||||
Line of Credit Facility, Commitment Fee Percentage | 0.50% | |||||
Credit Agreement [Member] | Maximum [Member] | Applicable Margin Based on Eurodollar Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 3.25% | |||||
Credit Agreement [Member] | Maximum [Member] | Applicable Margin on Based on Alternate Base Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 400,000 | $ 450,000 | ||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 350,000 | |||||
Long-term Line of Credit, Total | $ 99,600 | |||||
Letters of Credit Outstanding, Amount | 1,700 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 248,700 |
Note 9 - Net Income Per Limit_3
Note 9 - Net Income Per Limited Partner Unit - Earning Per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Net income(loss) | $ (13,480) | $ 18,412 |
General partner interest in net income (loss) | (213) | 337 |
Preferred interest in net income | 25,115 | 25,115 |
Net loss available to limited partners | $ (38,382) | $ (7,040) |
Common units (in shares) | 41,104 | 40,755 |
Restricted and phantom units (in shares) | 1,285 | 1,023 |
Total units (in shares) | 42,389 | 41,778 |
Basic and diluted net loss from discontinued operations per common unit (in dollars per share) | $ (0.98) | $ (0.08) |
Basic and diluted net income(loss) from continuing operations per common unit (in dollars per share) | 0.07 | (0.09) |
Basic and diluted net loss per common unit (in dollars per share) | $ (0.91) | $ (0.17) |
Note 10 - Partners' Capital (_3
Note 10 - Partners' Capital (Deficit) and Distributions (Details Textual) $ / shares in Units, $ in Millions | 12 Months Ended |
Dec. 31, 2020USD ($)$ / shares | |
Preferred Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in dollars per share) | $ / shares | $ 0.17875 |
Distribution Made to Limited Partner, Declaration Date | Jan. 26, 2021 |
Distribution Made to Limited Partner, Distribution Date | Feb. 12, 2021 |
Distribution Made to Limited Partner, Date of Record | Feb. 5, 2021 |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 6.4 |
Common Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in dollars per share) | $ / shares | $ 0.04 |
Distribution Made to Limited Partner, Declaration Date | Jan. 26, 2021 |
Distribution Made to Limited Partner, Distribution Date | Feb. 12, 2021 |
Distribution Made to Limited Partner, Date of Record | Feb. 5, 2021 |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 1.7 |
Preferred Partner [Member] | First Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 98.40% |
Preferred Partner [Member] | Second Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 98.40% |
Preferred Partner [Member] | Quarterly Distributions [Member] | |
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in dollars per share) | $ / shares | $ 0.17875 |
Preferred Partner [Member] | Preferred Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 6.3 |
General Partner [Member] | First Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 1.60% |
General Partner [Member] | Second Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 1.60% |
General Partner [Member] | Third Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 1.60% |
General Partner [Member] | First Tier Incentive Distribution Rights Percentage Increase [Member] | |
Incentive Distribution Rights, Percentage Increase | 13.00% |
General Partner [Member] | Second Tier Incentive Distribution Rights Percentage Increase [Member] | |
Incentive Distribution Rights, Percentage Increase | 23.00% |
General Partner [Member] | Third Tier Incentive Distribution Rights Percentage Increase [Member] | |
Incentive Distribution Rights, Percentage Increase | 48.00% |
General Partner [Member] | First Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 1.60% |
General Partner [Member] | Second Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 14.60% |
General Partner [Member] | Third Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 24.60% |
General Partner [Member] | Fourth Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 49.60% |
General Partner [Member] | Preferred Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 0.1 |
General Partner [Member] | Common Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 0.1 |
Limited Partner [Member] | |
Minimum Distribution, Per Common Unit Per Quarter (in dollars per share) | $ / shares | $ 0.11 |
Limited Partner [Member] | Third Tier Cash Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 98.40% |
Limited Partner [Member] | First Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 98.40% |
Limited Partner [Member] | Second Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 85.40% |
Limited Partner [Member] | Third Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 75.40% |
Limited Partner [Member] | Fourth Tier Target Distribution [Member] | |
Partners' Capital Account, Distributions, Allocation Percentage | 50.40% |
Limited and General Partners [Member] | First Tier Target Distribution [Member] | |
Target Quarterly Distribution (in dollars per share) | $ / shares | $ 0.1265 |
Limited and General Partners [Member] | Second Tier Target Distribution [Member] | |
Target Quarterly Distribution (in dollars per share) | $ / shares | 0.1375 |
Limited and General Partners [Member] | Third Tier Target Distribution [Member] | |
Target Quarterly Distribution (in dollars per share) | $ / shares | $ 0.1825 |
Common Unitholder [Member] | Common Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 1.7 |
Holders of Phantom and Restricted Units [Member] | Common Unit, Cash Distribution [Member] | |
Distribution Made to Limited Partner, Cash Distributions Declared | $ | $ 0.1 |
Note 10 - Partners' Capital (_4
Note 10 - Partners' Capital (Deficit) and Distributions - Distributions (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Preferred Unit, Cash Distribution [Member] | ||
Distributions | $ 25,519 | $ 25,521 |
Preferred Unit, Cash Distribution [Member] | Preferred Partner [Member] | ||
Distributions | 25,115 | 25,115 |
Preferred Unit, Cash Distribution [Member] | General Partner [Member] | ||
Distributions | 404 | 406 |
Common Unit, Cash Distribution [Member] | ||
Distributions | 6,887 | 8,468 |
Common Unit, Cash Distribution [Member] | General Partner [Member] | ||
Distributions | 109 | 135 |
Common Unit, Cash Distribution [Member] | Limited Partner [Member] | ||
Distributions | 6,576 | 8,150 |
Common Unit, Cash Distribution [Member] | Phantom and Restricted Units Holders [Member] | ||
Distributions | $ 202 | $ 183 |
Note 11 - Major Customers and_2
Note 11 - Major Customers and Concentration of Credit Risk (Details Textual) - Customer Concentration Risk [Member] - Revenue Benchmark [Member] | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Ergon [Member] | ||
Concentration Risk, Percentage | 40.00% | 34.00% |
One Third Party Customer [Member] | ||
Concentration Risk, Percentage | 12.00% | 12.00% |
Two Other Third Party Customer [Member] | ||
Concentration Risk, Percentage | 15.00% | 16.00% |
Note 12 - Related-party Trans_2
Note 12 - Related-party Transactions (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Due from Related Parties, Current, Total | $ 507 | $ 1,110 |
Other than Temporary Impairment Losses, Investments, Total | 2,202 | |
Cimarron Express [Member] | ||
Other than Temporary Impairment Losses, Investments, Total | 2,200 | |
Ergon [Member] | ||
Revenue from Related Parties | 44,400 | 36,100 |
Due from Related Parties, Current, Total | 500 | 1,100 |
Ergon [Member] | Cimarron Express [Member] | ||
Due to Related Parties, Contingent Liability | 12,200 | |
Ergon [Member] | Crude Oil Purchase Agreement [Member] | ||
Related Party Transaction, Purchases from Related Party | 92,100 | 133,500 |
Accounts Payable, Related Parties | 8,700 | |
Ergon [Member] | Ergon 2016 Storage and Handling Agreement [Member] | ||
Revenue from Related Parties | 12,000 | 20,000 |
Ergon [Member] | Ergon Fontana and Las Vegas Storage Throughput and Handling Agreement [Member] | ||
Revenue from Related Parties | 3,500 | 6,000 |
Ergon [Member] | Ergon Lessee Operated Facility Lease Agreement [Member] | ||
Operating Lease, Lease Income, Total | 4,400 | $ 8,300 |
Ergon [Member] | Ergon 2020 Master Storage, Throughput and Handling Agreement [Member] | ||
Operating Lease, Lease Income, Total | 16,800 | |
Ergon [Member] | Ergon Operating and Maintenance Agreement [Member] | ||
Related Party Transaction, Expenses from Transactions with Related Party | $ 7,700 |
Note 13 - Long-term Incentive_3
Note 13 - Long-term Incentive Plan (Details Textual) - Long-Term Incentive Plan [Member] - USD ($) $ in Millions | Jan. 01, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 8,100,000 | ||
Share-based Payment Arrangement, Expense | $ 0.8 | $ 0.9 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||
Phantom and Restricted Units Holders [Member] | |||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 0.5 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 322,608 | ||
Phantom and Restricted Units Holders [Member] | Subsequent Event [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 279,581 |
Note 13 - Long-term Incentive_4
Note 13 - Long-term Incentive Plan - Information on Outstanding Grants Made to Directors Under the LTIP (Details) - Long-Term Incentive Plan [Member] - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||||
Oct. 31, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |||
Restricted Stock [Member] | Director [Member] | ||||||||||
Granted, number of units (in shares) | 7,500 | 7,500 | 23,436 | |||||||
Granted, weighted average grant date fair value (in dollars per share) | $ 2.06 | $ 1.07 | $ 1.20 | |||||||
Grant Date Total Fair Value | $ 15 | $ 8 | $ 28 | |||||||
Phantom Share Units (PSUs) [Member] | Employees [Member] | ||||||||||
Granted, number of units (in shares) | 16,339 | 600,396 | 46,168 | 524,997 | 396,536 | |||||
Granted, weighted average grant date fair value (in dollars per share) | $ 1.53 | $ 0.90 | $ 1.08 | $ 1.14 | [1] | $ 4.77 | [1] | |||
Grant Date Total Fair Value | $ 25 | $ 540 | $ 50 | $ 598 | $ 1,891 | |||||
[1] | Fair value is the closing market price on the grant date of the awards. |
Note 13 - Long-term Incentive_5
Note 13 - Long-term Incentive Plan - Activity Pertaining to Phantom and Restricted Common Stock Unit Awards (Details) - Long-Term Incentive Plan [Member] - Phantom and Restricted Units Holders [Member] | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Nonvested, number of units, beginning balance (in shares) | shares | 1,068,343 |
Nonvested, weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares | $ 3.42 |
Granted, number of units (in shares) | shares | 624,235 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 0.93 |
Vested, number of units (in shares) | shares | 322,608 |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 5.43 |
Forfeited, number of units (in shares) | shares | 19,604 |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 1.90 |
Nonvested, number of units, ending balance (in shares) | shares | 1,350,366 |
Nonvested, weighted average grant date fair value, ending balance (in dollars per share) | $ / shares | $ 1.81 |
Note 14 - Employee Benefit Pl_2
Note 14 - Employee Benefit Plan (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Partnership's Employee Unit Purchase Plan [Member] | ||
Employee Stock Ownership Plan (ESOP), Shares in ESOP, Total (in shares) | 1,000,000 | |
Partnership's 401(k) Plan [Member] | ||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 0.6 | $ 0.6 |
Defined Contribution Plan, Employer Discretionary Profit Sharing Contribution Amount | $ 0.6 | $ 0.4 |
Note 18 - Leases - Maturity of
Note 18 - Leases - Maturity of Lease Liabilities (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Twelve months ending December 31, 2021 | $ 1,913 |
Twelve months ending December 31, 2022 | 1,502 |
Twelve months ending December 31, 2023 | 1,428 |
Twelve months ending December 31, 2024 | 798 |
Twelve months ending December 31, 2025 | 704 |
Thereafter, operating leases | 5,386 |
Total, operating leases | 11,731 |
Less: Interest, operating leases | 3,067 |
Present value of operating lease liabilities | $ 8,664 |
Note 18 - Leases - Total Lease
Note 18 - Leases - Total Lease Cost by Type (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Operating lease cost(1) | [1] | $ 1,953 | $ 1,916 |
Short-term lease cost | 172 | 247 | |
Net lease cost | 2,125 | 2,163 | |
Payments on operating leases | 1,400 | 1,349 | |
Leased assets obtained in exchange for new operating lease liabilities | $ 119 | $ 1,714 | |
Weighted-average remaining operating lease term (years) (Year) | 10 years 146 days | ||
Weighted-average discount rate | 5.87% | ||
[1] | Includes variable lease costs, which are immaterial. |
Note 21 - Subsequent Events (De
Note 21 - Subsequent Events (Details Textual) - USD ($) $ in Thousands | Mar. 01, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 08, 2021 | Jun. 28, 2018 | Jun. 27, 2018 |
Repayments of Lines of Credit | $ 231,000 | $ 301,000 | ||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 400,000 | $ 450,000 | ||||
Subsequent Event [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member] | ||||||
Repayments of Lines of Credit | $ 164,000 | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 350,000 |