Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

The purchase price allocation was finalized in the second quarter of 2020. A summarized purchase price allocation is as follows:


(in thousands)
Non-cash consideration	$	7,318
Investments contributed at fair value	124,662
Investment contributed at cost	50,875
Total purchase price consideration	$	182,855

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The final purchase price allocation at October 1, 2019, is as follows:


(in thousands)
Cash and cash equivalents	$	47,042
Accounts receivable	12,175
Inventories	31,765
Other current assets	2,638
Goodwill	3,075
Right of use asset	5,200
Other assets, net	861
Property, plant and equipment, net	321,380
	424,136

Trade and other payables	13,461
Accrued expense and other current liabilities	3,011
Other long-term liabilities	292
Long-term lease liabilities	2,230
Long-term debt, including current maturities	47,886
	66,880
Noncontrolling Interest	174,401
Net Assets Acquired	$	182,855

Removal of preexisting ownership interest	$	(88,426)
Pre-tax gain on derecognition of preexisting ownership interest	$	36,286

Schedule of Pro Forma Financial Information

The summary pro forma financial information for the periods presented below gives effect on Consolidated Company results to the TAMH acquisition as if it had occurred at January 1, 2019.


	Three months ended June 30,						Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Net sales	$	1,890,180	$	2,377,250	$	3,743,286	$	4,408,760
Net income (loss)	20,032		24,975		(31,078)		9,747