Related Party Transactions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||
| Related Party Transactions [Abstract] | |||||||
| Related Party Transactions |
Intercompany activities are settled monthly and do not bear interest. There are no material intercompany accounts receivable or intercompany accounts payable balances outstanding with the Parent as of December 31, 2016 and 2015. In connection with the IPO, the Predecessor distributed to Sprague Holdings, or its affiliates, certain assets and liabilities, including among others, its ownership in Kildair as well as accounts receivable of $130.2 million and cash of $10.0 million in an aggregate amount equal to the net proceeds of the IPO. On December 9, 2014, the Partnership acquired all of the equity interest in Kildair through the acquisition of the equity interest of Kildair's parent, Sprague Canadian Properties, LLC. See Note 2. Through the General Partner, the Partnership participates in certain of the Parent’s pension and other benefit plans (see Note 15). The General Partner charges the Partnership for the reimbursements of employee costs and related employee benefits and other overhead costs supporting the Partnership’s operations which amounted to $90.3 million, $98.9 million and $82.0 million for the years ended December 31, 2016, 2015 and 2014, respectively. Amounts due to the General Partner were $15.5 million and $15.3 million as of December 31, 2016 and 2015, respectively. |
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