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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Gross

 

 

 

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

 

    

amount

    

amortization

    

amount

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

80,103

 

$

(25,775)

 

$

54,328

 

Noncompete agreements

 

 

3,423

 

 

(3,086)

 

 

337

 

Trade names

 

 

553

 

 

(191)

 

 

362

 

Customer contract

 

 

95,594

 

 

(33,414)

 

 

62,180

 

Other

 

 

198

 

 

(20)

 

 

178

 

Total

 

$

179,871

 

$

(62,486)

 

$

117,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

Gross

 

 

 

 

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

 

 

(in thousands)

 

Customer relationships

 

$

82,630

 

$

(20,761)

 

$

61,869

 

Noncompete agreements

 

 

3,575

 

 

(2,664)

 

 

911

 

Trade names

 

 

553

 

 

(139)

 

 

414

 

Customer contract

 

 

95,594

 

 

(24,538)

 

 

71,056

 

Other

 

 

198

 

 

(16)

 

 

182

 

Total

 

$

182,550

 

$

(48,118)

 

$

134,432

 

 

Schedule of estimated future amortization expense for amortizable intangible assets

 

 

 

 

 

2017

    

$

15,249

 

2018

 

 

15,105

 

2019

 

 

13,499

 

2020

 

 

10,790

 

2021

 

 

9,647

 

Thereafter

 

 

53,095

 

Total

 

$

117,385

 

 

Schedule of goodwill activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Refined

    

 

 

    

 

 

 

 

 

Crude oil

 

products

 

NGL

 

 

 

 

 

 

pipelines and

 

terminals and

 

distribution

 

 

 

 

 

 

storage

 

storage

 

and sales

 

Total

 

 

 

(in thousands)

 

Balance at January 1, 2015

 

$

148,284

 

$

61,163

 

$

31,335

 

$

240,782

 

Goodwill acquired during the year

 

 

 —

 

 

 —

 

 

5,806

 

 

5,806

 

Goodwill impairment

 

 

(23,574)

 

 

 —

 

 

(6,322)

 

 

(29,896)

 

Balance at December 31, 2015

 

 

124,710

 

 

61,163

 

 

30,819

 

 

216,692

 

Goodwill impairment

 

 

 —

 

 

 —

 

 

(15,456)

 

 

(15,456)

 

Balance at December 31, 2016

 

$

124,710

 

$

61,163

 

$

15,363

 

$

201,236