Business Combinations (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Identifiable Assets Acquired and Liabilities Assumed

The table below represents the tangible and identifiable intangible assets and liabilities based on management’s assessment of the acquisition date fair value of the assets acquired and liabilities assumed (in thousands):



Accounts receivable	$	6,898
Inventory	2,534
Other current assets	174
Fixed assets (net)	73,138
Deferred tax assets (net)	13,966
Accounts payable, accrued expenses and other liabilities	(4,389		)
Net tangible assets acquired	92,321
Customer relationships	1,274
Trade name	4,478
Goodwill	244
Preliminary purchase price, net of cash acquired	$	98,317

Summary of Identifiable Intangible Assets

The following table summarizes the allocation of identifiable intangible assets (in thousands) resulting from the acquisition:



	Useful Lives	Value
Customer relationships	15 years	$	1,274
Trade name	Indefinite	4,478
Total intangible assets		$	5,752

Pro Forma Summary

This information does not purport to be indicative of the actual results that would have occurred if the acquisition had actually been completed on the date indicated, nor is it necessarily indicative of the future operating results or the financial position of the combined company:



	For the Year Ended December 31,
	2014		2013
Sales	$	901,916	$	578,453
Net income	126,960		76,361
Basic earnings per share	2.36		1.44
Diluted earnings per share	$	2.34	$	1.43