XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Fair Value of Assets Acquired and Liabilities Assumed
A summary of the fair values of the assets acquired and liabilities assumed is as follows (in thousands):
Cash
$
183

Accounts receivable
16,880

Inventories
28,402

Prepaid and other assets
1,304

Property, plant, and equipment
254,367

Goodwill (1)
66,449

Accounts payable and other current liabilities
(57,861
)
Wyoming Refining Senior Secured Revolver
(10,100
)
Wyoming Refining Senior Secured Term Loan
(58,036
)
Other non-current liabilities
(32,222
)
Total
$
209,366

______________________________________________
(1) We allocated $39.8 million and $26.6 million of goodwill to our refining and logistics segments, respectively.
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information presents our consolidated revenues and net loss as if the WRC Acquisition had been completed on January 1, 2015 (in thousands, except per share amounts):
 
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2016
Revenues
$
522,163

 
$
1,463,101

Net loss
(26,384
)
 
(64,926
)
 
 
 
 
Loss per share
 
 
 
Basic
$
(0.58
)
 
$
(1.43
)
Diluted
$
(0.58
)
 
$
(1.43
)