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Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Business Acquisitions  
Schedule of unaudited pro forma financial information

 

The following table shows unaudited pro forma financial information for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per unit amounts):

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Revenue

 

$

618,843 

 

$

589,286 

 

$

442,774 

 

Net income

 

$

64,290 

 

$

79,693 

 

$

25,792 

 

Basic earnings per common unit

 

$

0.91 

 

$

1.27 

 

$

0.42 

 

Diluted earnings per common unit

 

$

0.91 

 

$

1.27 

 

$

0.42 

 

 

August 2014 MidCon Acquisition  
Business Acquisitions  
Summary of purchase price allocation based on estimated fair values of acquired assets and liabilities as of the acquisition date

The following table summarizes the purchase price allocation based on estimated fair values of the acquired assets and liabilities as of the acquisition date (in thousands):

 

 

 

Fair Value

 

Property, plant and equipment

 

$

78,356

 

Goodwill

 

3,738

 

Intangible assets

 

48,373

 

Current liabilities

 

(372

)

Purchase price

 

$

130,095

 

 

Schedule of amounts allocated to acquired finite-lived intangible assets, and their associated weighted-average useful lives

 

 

 

Amount
(In thousands)

 

Average
Useful Life

 

Customer related

 

$

21,590 

 

25 years

 

Contract based

 

26,783 

 

5 years

 

Total acquired identifiable intangible assets

 

$

48,373 

 

 

 

 

April 2014 MidCon Acquisition  
Business Acquisitions  
Summary of purchase price allocation based on estimated fair values of acquired assets and liabilities as of the acquisition date

The following table summarizes the purchase price allocation based on estimated fair values of the acquired assets and liabilities as of the acquisition date (in thousands):

 

 

 

Fair Value

 

Property, plant and equipment

 

$

311,270

 

Intangible assets

 

42,474

 

Current liabilities

 

(827

)

Purchase price

 

$

352,917

 

 

Schedule of amounts allocated to acquired finite-lived intangible assets, and their associated weighted-average useful lives

 

 

 

Amount
(In thousands)

 

Average
Useful Life

 

Customer related

 

$

4,701 

 

25 years

 

Contract based

 

37,773 

 

7 years

 

Total acquired identifiable intangible assets

 

$

42,474