Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):

Cash	$	16,146
Accounts receivable	34,954
Inventories	98,367
Prepaid and other assets	5,320
Property, plant, and equipment	412,766
Operating lease right-of-use assets	62,337
Goodwill (1)	42,522
Total assets (2)	672,412
Obligations under inventory financing agreements	(116,873		)
Accounts payable	(55,357		)
Current operating lease obligations	(21,571		)
Other current liabilities	(18,411		)
Long-term operating lease obligations	(40,766		)
Deferred tax liability	(92,103		)
Other non-current liabilities	(804		)
Total liabilities	(345,885		)
Total	$	326,527

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(1) We allocated $24.7 million and $17.8 million of goodwill to our refining and logistics segments, respectively.

(2)

We allocated $403.9 million and $268.5 million of total assets 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 income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands except per share information):

	Nine Months Ended September 30, 2019
Revenues	$	4,030,290
Net loss	(72,544		)
Loss per share
Basic	$	(1.45	)
Diluted	$	(1.45	)