BUSINESS COMBINATION AND TERMINAL ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of purchase price and assessment of the fair value of the assets acquired and liabilities assumed (in thousands)

Our basis in the assets and liabilities of TMS at December 31, 2018 was as follows (in thousands):

Cash	$	694
Trade accounts receivable		7
Due from affiliates		456
Other current assets		456
Property, plant and equipment, net		991
Other assets, net		484
Trade accounts payable		(1,205)
Accrued and other liabilities		(3,025)
Equity	$	(1,142)

Schedule of pro forma results (in thousands)

These unaudited pro forma results for the Company as a whole are for comparative purposes only and may not be indicative of the results that would have occurred had this acquisition been completed on January 1, 2016 or the results that will be attained in the future (in thousands):

	Pro Forma year ended December 31,
		2017		2016
Revenue	$	226,653	$	205,605
Net earnings	$	38,920	$	26,958

West Coast terminals

Schedule of purchase price and assessment of the fair value of the assets acquired and liabilities assumed (in thousands)

The purchase price and estimated assessment of the fair value of the assets acquired and liabilities assumed in the business combination were as follows (in thousands):

Other current assets	$	1,037
Property, plant and equipment		228,000
Goodwill		943
Customer relationships		47,000
Total assets acquired		276,980
Environmental obligation		220
Total liabilities assumed		220
Allocated purchase price	$	276,760