Acquisitions and Equity Transactions (Tables)

9 Months Ended

Sep. 30, 2015

The following pro forma condensed combined results of operations assume that the Imperium acquisition was completed as of January 1, 2014.



	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014		Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
Revenues	$	420,336		$	443,677	$	1,117,705		$	1,058,854
Net income (loss)	(16,211		)	7,929		(58,259		)	12,038
Basic net income (loss) per share	$	(0.36	)	$	0.18	$	(1.28	)	$	0.29

The following table summarizes the consideration paid for Imperium:



	August 19, 2015
Consideration at fair value for Imperium:
Cash	$	36,748
Common stock	15,310
Contingent consideration	5,000
Total	$	57,058

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.



	August 19, 2015
Assets (liabilities) acquired of Imperium:
Cash	$	168
Accounts receivable	8,274
Inventory	18,989
Other current assets	87
Property, plant and equipment	46,476
Intangible assets	2,900
Total identifiable assets acquired	76,894

Accounts payable	(4,828		)
Accrued expenses and other liabilities	(942		)
Debt	(5,225		)
Deferred tax liabilities	(3,483		)
Total liabilities assumed	(14,478		)
Net identifiable assets acquired	62,416
Less: Bargain purchase gain	5,358
Net assets acquired	$	57,058

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.



	December 24, 2014
Assets (liabilities) acquired of Petrotec:
Cash	$	13,523
Accounts receivable	4,989
Inventory	9,470
Other current assets	3,583
Property, plant and equipment	25,026
Total identifiable assets acquired	56,591

Accounts payable	(8,171		)
Accrued expenses and other liabilities	(2,151		)
Debt	(16,192		)
Non-current liabilities	(1,462		)
Total liabilities assumed	(27,976		)
Net identifiable assets acquired	28,615
Goodwill	369
Non-controlling interest	(8,962		)
Net assets acquired	$	20,022

The following table summarizes the consideration paid for Petrotec:



	December 24, 2014
Consideration at fair value for Petrotec:
Common stock	$	20,022