ACQUISITION OF BASF FACILITY (Tables)

6 Months Ended

Jun. 30, 2016

ACQUISITION OF BASF FACILITY [Abstract]

Schedule of Bargain of Purchase Gain

We recorded an $11.5 million bargain purchase gain on the transaction as calculated in the table below (in thousands).

Cash paid	$	2,011
Estimated earnout liability		733
Purchase Price			$	2,744
Fixed assets at FMV
Land		980
Site improvements		30
Buildings		1,350
Production equipment		11,933
				14,293
Bargain purchase gain			$	11,549