Acquisition of Interstate Distributor Co. (Tables)

9 Months Ended

Sep. 30, 2017

Business Acquuisition Pro Forma Table [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

	Year ended		Nine months ended
	December 31, 2016		September 30, 2017
	(in thousands)
Operating revenue	$	938,007	$	590,794
Net income	$	54,222	$	34,148

Business Acquisitions, Purchase Price Allocation, Year of Acquisition, Description

ALLOCATION OF PURCHASE PRICE	(in thousands)
Cash paid (before netting $6.3 million cash acquired)			$	93,951
Allocated to:
Historical book value of IDC's assets and liabilities, net of cash acquired	83,903
Adjustments to recognize assets and liabilities at acquisition-date fair value:
Property, plant, and equipment	(33,349	)
Other assets	(2,822	)
Liabilities	9,546
Fair value of tangible net assets acquired			57,278
Identifiable intangibles at acquisition-date fair value			4,700
Excess of consideration transferred over the net amount of assets and liabilities recognized (goodwill)			31,973

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	(in thousands)
Cash and cash equivalents	$	6,316
Trade and other accounts receivable	35,131
Other current assets	3,333
Property and equipment	71,964
Other non-current assets	1,244
Intangible assets	4,700
Goodwill	31,973
Total assets	154,661
Accounts payable, accrued expenses, and current portion of long-term debt	(31,884		)
Insurance accruals	(10,826		)
Long-term debt	(17,404		)
Other accruals	(596		)
Total consideration transferred	$	93,951

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

TOTAL PURCHASE PRICE CONSIDERATION	(in thousands)
Cash paid pursuant to Stock Purchase Agreement	$	93,951
Cash acquired included in historical book value of IDC assets and liabilities	(6,316		)
Net cash paid	$	87,635