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Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
A summary of the preliminary estimated fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash
$
16,146

Accounts receivable
36,384

Inventories
96,936

Prepaid and other assets
5,320

Property, plant, and equipment
412,766

Operating lease assets
62,337

Goodwill (1)
41,308

Total assets
671,197

Obligations under inventory financing agreements
(116,873
)
Accounts payable
(55,444
)
Current operating lease obligations
(21,571
)
Other current liabilities
(18,411
)
Long-term operating lease obligations
(40,766
)
Deferred tax liability
(89,909
)
Other non-current liabilities
(804
)
Total liabilities
(343,778
)
Total
$
327,419

______________________________________________
(1) We allocated $29.7 million and $11.6 million of total assets to our refining and logistics segments, respectively.
A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash
$
200

Inventories
4,138

Prepaid and other current assets
243

Property, plant, and equipment
30,230

Goodwill (1)
46,210

Accounts payable and other current liabilities
(759
)
Long-term capital lease obligations
(5,244
)
Other non-current liabilities
(487
)
Total
$
74,531

________________________________________________________
(1) The total goodwill balance of $46.2 million was allocated to our retail segment.
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands except per share information):
 
Six Months Ended June 30,
 
2019
 
2018
Revenues
$
2,628,652

 
$
2,269,578

Net income
77,704

 
15,280

 
 
 
 
Income per share
 
 
 
Basic
$
1.55

 
$
0.31

Diluted
$
1.54

 
$
0.31