Business Combinations (Tables)

3 Months Ended

Mar. 31, 2015

The following table presents the changes in goodwill (in thousands):

	Goodwill Allocated to
	Wholesale		GDSO
	Reporting		Reporting
	Unit		Unit		Total
Balance at December 31, 2014	$	121,752	$	32,326	$	154,078
Acquisition of Warren	—		147,909		147,909
Balance at March 31, 2015	$	121,752	$	180,235	$	301,987

Schedule of pro-forma adjustments to give effect to intercompany sales and certain other adjustments

The following unaudited pro forma information for 2014 presents the consolidated results of operations of the Partnership as if the acquisition of Warren occurred at the beginning of the period presented, with pro forma adjustments to give effect to intercompany sales and certain other adjustments (in thousands, except per unit data):

	Three Months
	Ended
	March 31, 2014
Sales	$	5,496,851
Net income attributable to Global Partners LP	$	51,637
Net income per limited partner unit, basic and diluted	$	1.84

Warren Equities Inc

Acquisitions

Schedule of Preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed

The following table presents the preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

Assets purchased:
Accounts receivable	$	5,372
Inventory	19,199
Prepaid expenses	12,552
Property and equipment	331,291
Intangibles	36,490
Other non-current assets	20,586
Total identifiable assets purchased	425,490
Liabilities assumed:
Accounts payable	(21,511		)
Assumption of environmental liabilities	(36,080		)
Taxes payable	(5,538		)
Accrued expenses	(11,595		)
Long-term deferred taxes	(105,855		)
Other non-current liabilities	(10,992		)
Total liabilities assumed	(191,571		)
Net identifiable assets acquired	233,919
Goodwill	147,909
Net assets acquired	$	381,828

Schedule of estimated remaining amortization expense for intangible assets acquired in connection with the acquisition

The estimated remaining amortization expense for intangible assets acquired in connection with the acquisition for each of the five succeeding years and thereafter is as follows (in thousands):

2015 (1/7/15 – 12/31/15)	$	2,685
2016	3,580
2017	3,580
2018	3,580
2019	3,580
Thereafter	17,960
Total	$	34,965