Other Assets, Net |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets, Net |
Deferred Debt Issuance Costs The Partnership recorded amortization expense related to deferred debt issuance costs of $3.6 million, $4.8 million and $3.9 million during the years ended December 31, 2015, 2014 and 2013, respectively. Deferred debt issuance costs are amortized over the life of the related debt on a straight-line basis and recorded in interest expense. Natural Gas Transportation Assets In connection with the Metromedia Energy acquisition, the Partnership recorded an asset in the amount of $39.4 million, and a liability in the amount of $1.5 million, representing the fair value of natural gas transportation contracts acquired. These assets and liabilities are being amortized into cost of products sold (exclusive of depreciation and amortization) in the natural gas segment over the life of the underlying agreements. During the year ended December 31, 2015 and 2014, the Partnership recorded a charge to cost of products sold (exclusive of depreciation and amortization) of $13.4 million and $21.9 million, respectively, which included $3.6 million and $13.6 million, respectively, due to a decline in value as a result of decreasing natural gas spreads. The estimated future expense of the net natural gas transportation assets for the years ended December 31, 2016 and 2017 is $2.3 million and $0.3 million, respectively. The amount expected to be expensed in the year ended December 31, 2016 has been recorded in other current assets and other current liabilities. |
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