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ACQUISITION OF TRANSTAR, LLC. (Tables)
 6 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary allocation of the purchase price, as presented in our Combined Consolidated Balance Sheets:
Fair value of assets acquired:
Cash and cash equivalents$8,918 
Accounts receivable18,625 
Operating lease right-of-use assets12,231 
Property, plant and equipment488,233 
Intangible assets60,000 
Other assets17,052 
Total assets605,059 
Fair value of liabilities assumed:
Accounts payable and accrued liabilities47,010 
Operating lease liabilities10,689 
Pension and other postretirement benefits (1)
37,552 
Other liabilities8,487 
Total liabilities103,738 
Goodwill (2)
134,687 
Total purchase consideration$636,008 
________________________________________________________
(1) Included in Other liabilities in the Combined Consolidated Balance Sheets.
(2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the new Transtar segment and is tax deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table presents the identifiable intangible assets and their estimated useful lives:
Estimated useful life in yearsFair value
Customer relationships
15
$60,000 
Total$60,000 
Schedule of Property Plant And Equipment Acquired as Part of Business Combination The following table presents the property, plant and equipment and their estimated remaining useful lives:
Estimated remaining useful life in yearsFair value
Railcars and locomotives
1 - 40
$111,359 
Track and track related assets
1 - 40
90,904 
Land, site improvements and rightsN/A87,450 
Bridges and tunnels
15 - 55
174,183 
Buildings and improvements
3 - 25
12,448 
Railroad equipment
2 - 15
2,725 
Terminal machinery and equipment
2 - 15
3,325 
Vehicles
2 - 5
3,740 
Construction in progressN/A1,928 
Computer hardware and software
2 - 5
171 
Total$488,233 
Business Acquisition, Pro Forma Information
Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Total revenue$49,980 $105,158 
Net loss attributable to Parent(13,362)(12,486)