2016 Q3 Form 10-Q Financial Statement

#000153884916000113 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $488.0M $512.6M $650.1M
YoY Change -22.28% -21.15% -14.89%
Cost Of Revenue $448.8M $472.1M $609.0M
YoY Change -22.19% -22.47% -17.36%
Gross Profit $39.14M $40.52M $41.17M
YoY Change -23.21% -1.59% 52.78%
Gross Profit Margin 8.02% 7.9% 6.33%
Selling, General & Admin $6.142M $4.921M $7.614M
YoY Change -27.25% -35.37% -28.72%
% of Gross Profit 15.69% 12.15% 18.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.43M $14.26M $11.41M
YoY Change 0.01% 24.98% 56.96%
% of Gross Profit 34.32% 35.2% 27.72%
Operating Expenses $33.80M $35.30M $39.10M
YoY Change -19.99% -9.7% 53.76%
Operating Profit $9.993M $9.356M $3.674M
YoY Change -32.62% 154.65% 133.42%
Interest Expense $5.634M $5.704M $4.743M
YoY Change 15.76% 20.26% 27.77%
% of Operating Profit 56.38% 60.97% 129.1%
Other Income/Expense, Net -$59.00K $316.0K $190.0K
YoY Change -167.82% 66.32% 59.66%
Pretax Income $4.300M $3.968M -$879.0K
YoY Change -57.21% -551.42% -56.46%
Income Tax $1.308M $338.0K -$907.0K
% Of Pretax Income 30.42% 8.52%
Net Earnings $2.989M $3.626M $30.00K
YoY Change -70.59% 11986.67% -98.41%
Net Earnings / Revenue 0.61% 0.71% 0.0%
Basic Earnings Per Share $0.06 $0.08 -$0.01
Diluted Earnings Per Share $0.06 $0.08 -$0.01
COMMON SHARES
Basic Shares Outstanding 33.40M shares 33.24M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $3.300M $4.600M
YoY Change 52.63% -28.26% 411.11%
Cash & Equivalents $2.897M $3.255M $4.590M
Short-Term Investments
Other Short-Term Assets $7.262M $7.238M $9.439M
YoY Change -23.57% -23.32% -8.97%
Inventory $12.64M $13.17M $18.25M
Prepaid Expenses
Receivables $22.48M $26.13M $30.12M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $62.35M $62.44M $75.08M
YoY Change -11.74% -16.83% -15.29%
LONG-TERM ASSETS
Property, Plant & Equipment $677.7M $648.5M $478.8M
YoY Change 7.19% 35.44% 37.51%
Goodwill $89.11M $89.11M $83.08M
YoY Change 11.13% 7.25% 185.36%
Intangibles $84.68M $82.00M $84.11M
YoY Change 0.96% -2.51% 15.56%
Long-Term Investments
YoY Change
Other Assets $20.08M $15.40M $10.55M
YoY Change 26.8% 46.06% 8.16%
Total Long-Term Assets $871.6M $835.0M $662.7M
YoY Change 7.32% 26.0% 41.39%
TOTAL ASSETS
Total Short-Term Assets $62.35M $62.44M $75.08M
Total Long-Term Assets $871.6M $835.0M $662.7M
Total Assets $933.9M $897.5M $737.8M
YoY Change 5.8% 21.64% 32.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.78M $35.19M $47.71M
YoY Change -27.08% -26.24% -14.53%
Accrued Expenses $14.48M $18.19M $18.17M
YoY Change -24.52% 0.13% 57.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.852M $2.785M $8.260M
YoY Change -65.54% -66.28% 15784.62%
Total Short-Term Liabilities $71.35M $70.37M $85.99M
YoY Change -17.24% -18.16% 8.38%
LONG-TERM LIABILITIES
Long-Term Debt $506.0M $481.9M $266.0M
YoY Change 18.12% 81.15% -11.23%
Other Long-Term Liabilities $48.92M $43.21M $16.01M
YoY Change 27.89% 169.9% 9.19%
Total Long-Term Liabilities $48.92M $43.21M $282.0M
YoY Change -89.52% -84.68% -10.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.35M $70.37M $85.99M
Total Long-Term Liabilities $48.92M $43.21M $282.0M
Total Liabilities $697.4M $663.4M $435.3M
YoY Change 16.66% 52.4% -8.54%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $236.8M $234.2M $302.5M
YoY Change
Total Liabilities & Shareholders Equity $933.9M $897.5M $737.8M
YoY Change 5.8% 21.64% 32.38%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $2.989M $3.626M $30.00K
YoY Change -70.59% 11986.67% -98.41%
Depreciation, Depletion And Amortization $13.43M $14.26M $11.41M
YoY Change 0.01% 24.98% 56.96%
Cash From Operating Activities $26.70M $18.40M $5.600M
YoY Change -17.59% 228.57% 229.41%
INVESTING ACTIVITIES
Capital Expenditures -$6.100M -$2.000M -$300.0K
YoY Change -10.29% 566.67% -90.0%
Acquisitions
YoY Change
Other Investing Activities -$23.70M $100.0K -$100.0K
YoY Change -86.69% -200.0% -99.9%
Cash From Investing Activities -$29.80M -$1.900M -$500.0K
YoY Change -83.87% 280.0% -99.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.800M -15.30M -5.400M
YoY Change -98.13% 183.33% -105.44%
NET CHANGE
Cash From Operating Activities 26.70M 18.40M 5.600M
Cash From Investing Activities -29.80M -1.900M -500.0K
Cash From Financing Activities 2.800M -15.30M -5.400M
Net Change In Cash -300.0K 1.200M -300.0K
YoY Change -88.89% -500.0% -50.0%
FREE CASH FLOW
Cash From Operating Activities $26.70M $18.40M $5.600M
Capital Expenditures -$6.100M -$2.000M -$300.0K
Free Cash Flow $32.80M $20.40M $5.900M
YoY Change -16.33% 245.76% 25.53%

Facts In Submission

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47088000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
122767000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
129087000 USD
CY2015Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
422000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
452000 USD
CY2016Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-102000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-106000 USD
us-gaap Gain Loss On Sale Of Capital Leases Net
GainLossOnSaleOfCapitalLeasesNet
25000 USD
us-gaap Gain Loss On Sale Of Capital Leases Net
GainLossOnSaleOfCapitalLeasesNet
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
452000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-106000 USD
CY2016Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
500000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
80821000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
89109000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8288000 USD
us-gaap Goodwill Transfers
GoodwillTransfers
0 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
41171000 USD
us-gaap Gross Profit
GrossProfit
78898000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
40515000 USD
us-gaap Gross Profit
GrossProfit
77705000 USD
CY2015Q2 us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
195000 USD
us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
365000 USD
CY2016Q2 us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
820000 USD
us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
1579000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-879000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5531000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3968000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4942000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1177000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2275000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4245000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8296000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-907000 USD
us-gaap Interest Expense
InterestExpense
9021000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2588000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
338000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-457000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
547000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1241000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
5704000 USD
us-gaap Interest Expense
InterestExpense
10769000 USD
us-gaap Interest Paid
InterestPaid
8273000 USD
us-gaap Interest Paid
InterestPaid
10049000 USD
CY2015Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
4385000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5708000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2467000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
3603000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
2374000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7053000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2711000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-594000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-3030000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6431000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1327000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-380000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
1698000 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
60352000 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4075000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
921000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1597000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4914000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
7343000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
2319000 USD
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-7343000 USD
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-2319000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
322000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-3234000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-285000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3156000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2046000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1136000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
82315000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
81999000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
4743000 USD
CY2016Q2 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3806000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
15739000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
13166000 USD
CY2015Q4 us-gaap Land
Land
251632000 USD
CY2016Q2 us-gaap Land
Land
258473000 USD
CY2015Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
8867000 USD
CY2016Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
9256000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
16000000 USD
CY2016Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14900000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
588930000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
663443000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
857786000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
897462000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
71240000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
70370000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.0604
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.193
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
358400000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
358412000 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
430000000 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
430000000 USD
CY2016Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
550000000 USD
CY2016Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
80400000 USD
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2465000 USD
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
0 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
436038000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
486519000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
430632000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
481850000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
444380000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
489304000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8342000 USD
CY2016Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2785000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
57000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
430000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
765000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
28000 USD
CY2015Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
140264000 USD
CY2016Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
161190000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99130000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25506000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-126171000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60484000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16461000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37041000 USD
CY2015Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-165000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-3301000 USD
CY2016Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
2806000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
3814000 USD
CY2015Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
30000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-2936000 USD
CY2016Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
3626000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
5393000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000 USD
CY2015Q2 us-gaap Net Income Loss Per Outstanding General Partnership Unit Net Of Tax
NetIncomeLossPerOutstandingGeneralPartnershipUnitNetOfTax
0.00
us-gaap Net Income Loss Per Outstanding General Partnership Unit Net Of Tax
NetIncomeLossPerOutstandingGeneralPartnershipUnitNetOfTax
-0.16
CY2016Q2 us-gaap Net Income Loss Per Outstanding General Partnership Unit Net Of Tax
NetIncomeLossPerOutstandingGeneralPartnershipUnitNetOfTax
0.08
us-gaap Net Income Loss Per Outstanding General Partnership Unit Net Of Tax
NetIncomeLossPerOutstandingGeneralPartnershipUnitNetOfTax
0.11
CY2015Q4 us-gaap Notes Payable
NotesPayable
876000 USD
CY2016Q2 us-gaap Notes Payable
NotesPayable
850000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2015Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
20071000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
37411000 USD
CY2016Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
16119000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
31530000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
39096000 USD
us-gaap Operating Expenses
OperatingExpenses
78384000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
35302000 USD
us-gaap Operating Expenses
OperatingExpenses
70618000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3674000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3241000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9356000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
15277000 USD
CY2015Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4408000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7930000 USD
CY2016Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5019000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9767000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4944000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7238000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11625000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15402000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
20284000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
43208000 USD
CY2015Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
26250000 USD
CY2016Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
0 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
190000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
249000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
316000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
434000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
348000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1028000 USD
CY2016Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
457000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
776000 USD
CY2015Q4 us-gaap Partners Capital
PartnersCapital
268991000 USD
CY2016Q2 us-gaap Partners Capital
PartnersCapital
234209000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
41192000 USD
us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
0 USD
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
3253000 USD
CY2016Q1 us-gaap Partners Capital Account Treasury Units Reissued
PartnersCapitalAccountTreasuryUnitsReissued
2752240 USD
CY2016Q2 us-gaap Partners Capital Account Treasury Units Reissued
PartnersCapitalAccountTreasuryUnitsReissued
500413 USD
us-gaap Partners Capital Account Treasury Units Reissued
PartnersCapitalAccountTreasuryUnitsReissued
3252653 USD
CY2016Q1 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
7525000 shares
CY2016Q1 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
112492 shares
CY2016Q2 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
20971 shares
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
133463 shares
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
-135000 USD
CY2016Q2 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
-190000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
268856000 USD
CY2016Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
234019000 USD
us-gaap Partners Capital Other
PartnersCapitalOther
-427000 USD
us-gaap Payment For Management Fee
PaymentForManagementFee
2748000 USD
us-gaap Payment For Management Fee
PaymentForManagementFee
4750000 USD
us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
-1751000 USD
us-gaap Payments For Rent
PaymentsForRent
1800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3252000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
24000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
2900000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
365000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1579000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
54000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
61000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
26714000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
39528000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
123137000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
52350000 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
0 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
2900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5359000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5524000 USD
CY2015Q4 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
1665000 USD
CY2016Q2 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
231000 USD
us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
317000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
616000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
192000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
138546000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
150652000 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
121445000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1709000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
98000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
28000 USD
us-gaap Profit Loss
ProfitLoss
-2943000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
3630000 USD
us-gaap Profit Loss
ProfitLoss
5399000 USD
CY2016Q2 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
900000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
722959000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
761235000 USD
us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
-1333000 USD
us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
0 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
628564000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
648513000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
412000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
67000 USD
CY2016Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
6000000 USD
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
9000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
164143000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
49856000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1257000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1639000 USD
CY2015Q4 us-gaap Retail Related Inventory
RetailRelatedInventory
11354000 USD
CY2016Q2 us-gaap Retail Related Inventory
RetailRelatedInventory
9360000 USD
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
139216000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
238140000 USD
CY2016Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
107131000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
180439000 USD
CY2015Q2 us-gaap Revenues
Revenues
650136000 USD
us-gaap Revenues
Revenues
1130593000 USD
CY2016Q2 us-gaap Revenues
Revenues
512644000 USD
us-gaap Revenues
Revenues
880384000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
650136000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1130593000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
512644000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
880384000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7614000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18060000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4921000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11926000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3444000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1875000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
11476 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
155000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
102000 shares
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
2748000 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
4750000 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
CY2016Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
18644689 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
18144276 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9818000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.37
CY2016Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
11145000 USD
CY2015Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
17582365 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
17260533 shares
CY2016Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
33283489 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
30879426 shares
CY2015Q2 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7525000 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7525000 shares
CY2016Q2 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
0 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
2315385 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration Risk</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DMS is an operator of retail sites that purchases a significant portion of its motor fuel requirements from us on a wholesale basis and then re-sells motor fuel on a retail basis. DMS also leases real estate from us. The financial results of DMS are not consolidated with ours. For the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, CrossAmerica distributed approximately </font><font style="font-family:inherit;font-size:10pt;">17%</font><font style="font-family:inherit;font-size:10pt;"> of its total wholesale distribution volumes to DMS and DMS accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">30%</font><font style="font-family:inherit;font-size:10pt;"> of our rental income. For more information regarding transactions with DMS, see Note </font><font style="font-family:inherit;font-size:10pt;">9</font><font style="font-family:inherit;font-size:10pt;"> of the Condensed Notes to Consolidated Financial Statements.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, CrossAmerica&#8217;s total equity interest in CST Fuel Supply is </font><font style="font-family:inherit;font-size:10pt;">17.5%</font><font style="font-family:inherit;font-size:10pt;">. CST Fuel Supply provides wholesale fuel distribution to the majority of CST&#8217;s U.S. retail convenience stores. Valero supplied substantially all of the motor fuel purchased by CST Fuel Supply during all periods presented. During the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, CST Fuel Supply purchased approximately </font><font style="font-family:inherit;font-size:10pt;">0.5 billion</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">1.0 billion</font><font style="font-family:inherit;font-size:10pt;"> gallons of motor fuel from Valero.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, CrossAmerica distributed </font><font style="font-family:inherit;font-size:10pt;">8%</font><font style="font-family:inherit;font-size:10pt;"> of its total wholesale distribution volume to CST convenience stores that are not supplied by CST Fuel Supply and received </font><font style="font-family:inherit;font-size:10pt;">22%</font><font style="font-family:inherit;font-size:10pt;"> of its rental income from CST.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, CrossAmerica received </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of its rental income from a third party dealer that operates many of the sites acquired through the PMI and One Stop acquisitions.</font></div></div>
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table shows the purchases during the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.42300194931774%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:34%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Number of Units Purchased</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Price Paid per Unit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Cost of Units Purchased</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount Remaining under the Program</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">January 1 - March 31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112,492</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,752,240</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,644,689</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">April 1 - June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,971</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.86</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">500,413</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,144,276</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">January 1 - June 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,463</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,252,653</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,144,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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Name View Source Status
0001538849-16-000113-index-headers.html Edgar Link pending
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0001538849-16-000113.txt Edgar Link pending
0001538849-16-000113-xbrl.zip Edgar Link pending
capl-20160630.xml Edgar Link completed
capl-20160630.xsd Edgar Link pending
capl-20160630_cal.xml Edgar Link unprocessable
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capl-20160630_pre.xml Edgar Link unprocessable
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caplq2-16exhibit311.htm Edgar Link pending
caplq2-16exhibit312.htm Edgar Link pending
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caplq2-16exhibit322.htm Edgar Link pending
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