ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Fair value of Identifiable Assets and Liabilities Acquired

Business Acquisition, Pro Forma Information

The unaudited financial information excludes acquisition and integration costs and does not give effect to any estimated and potential cost savings or other operating efficiencies, if any, that might result from the acquisition.

	Year Ended
	December 31, 2013
	($ in thousands)
Revenues	$	996,587
Net income	$	38,258

Direct Fuels

Fair value of Identifiable Assets and Liabilities Acquired

Reconciliation of assets acquired and liabilities assumed

The reconciliation of fair values of the assets acquired and liabilities assumed related to the Direct Fuel purchase price follows ($ in thousands):

Total purchase price	$	98,277
Fair value of assets and liabilities acquired:
Cash	6,197
Accounts receivable	9,845
Other current assets	13,146
Property, plant and equipment	14,897
Intangible assets	45,080
Goodwill	29,264
Total assets acquired	118,429
Less accounts payable and accrued liabilities	8,652
Less dividend payable	11,500
Total current liabilities	20,152
Net assets acquired	$	98,277

Midwest Frac and Sands LLC

Fair value of Identifiable Assets and Liabilities Acquired

Reconciliation of assets acquired and liabilities assumed

Following is a reconciliation of the total consideration to the assets acquired and liabilities assumed as of the acquisition date ($ in thousands):

Consideration:
Cash deposit	$	11,000
Present value of purchase obligation	11,226
Present value of contingent consideration	853
Loss on settlement of pre-existing agreements	(689		)
Total consideration	$	22,390
Assets acquired:
Mineral reserves	$	19,381
Other property, plant and equipment	4,403
Non-compete agreement	100
Total assets acquired	23,884
Less liabilities assumed:
Governmental highway improvement obligation	1,128
Asset retirement obligation	227
Accounts payable	139
Net assets acquired	$	22,390