Acquisitions (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of recognized identified assets acquired and liabilities assumed

The following was recorded as of June 1, 2013, the date of the Carson Terminal Assets Acquisition (in thousands):



Prepayments and other	$	208
Property, plant and equipment	400,000
Capital lease obligation	(1,185		)
Preliminary value of Carson Terminal Assets	$	399,023

The table below presents the preliminary acquisition date purchase price allocation (in thousands):



Prepayments and other	$	53
Property, plant and equipment	358,362
Goodwill	8,738
Other noncurrent assets	4,500
Other current liabilities	(12,196		)
Noncurrent liabilities	(4,700		)
Preliminary purchase price	$	354,757

Business acquisition, pro forma information

The following unaudited pro forma condensed combined consolidated results of operations for the three and six months ended June 30, 2013 and 2012 are presented as if the Northwest Products System Acquisition had been completed on January 1, 2012.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(Dollars in thousands, except per unit amounts)
Revenues	$	69,960	$	49,240	$	133,236	$	89,518
Net income	20,486		18,145		42,010		28,502
Net income attributable to partners	20,486		16,004		42,010		29,873

Net income per limited partner unit:
Common - basic and diluted	$	0.41	$	0.44	$	0.84	$	0.78
Subordinated - basic and diluted	$	0.39	$	0.28	$	0.83	$	0.62

Schedule of business acquisitions, by acquisition

The following amounts associated with the Carson Terminal Assets Acquisition and the Northwest Products System Acquisition, subsequent to each respective acquisition date, are included in our condensed statements of combined consolidated operations of TLLP (in thousands):



	Six Months Ended June 30, 2013
Carson Terminal Assets:
Total operating revenues	$	7,180
Net income attributable to partners	2,783
Costs associated with the acquisition (a)	1,267
Northwest Products System:
Total operating revenues	1,715
Net income attributable to partners	449
Costs associated with the acquisition (a)	2,730

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(a)	Costs associated with the acquisitions, including costs to integrate the business, are included in the general and administrative expenses of TLLP in our condensed statements of combined consolidated operations.