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BUSINESS COMBINATIONS
 9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS
Evergreen
On September 13, 2013, the Company acquired 100% of the outstanding common shares of Evergreen Oil, Inc. (“Evergreen”) for a final purchase price of $56.3 million in cash, net of cash acquired. Evergreen, headquartered in Irvine, California, specializes in the recovery and re-refining of used oil. Evergreen owns and operates one of the only oil re-refining operations in the western United States and also offers other ancillary environmental services, including parts cleaning and containerized waste services, vacuum services and hazardous waste management services. The acquisition of Evergreen enables the Company to further penetrate the small quantity waste generator market and further expand its oil re-refining, oil recycling and waste treatment capabilities. Financial information and results of Evergreen have been recorded in our consolidated financial statements since acquisition and are primarily included in the Oil Re-refining and Recycling segment.
Management determined the purchase price allocations based on estimates of the fair values of all tangible and intangible assets acquired and liabilities assumed. The Company believes that such information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed. The Company has finalized the purchase accounting for the acquisition of Evergreen. The impact of the purchase price measurement period adjustments and related tax impacts recorded in the current period was not material to the consolidated financial statements and accordingly the effects have not been retrospectively applied.
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at September 13, 2013 (in thousands):
 
At acquisition date as reported at
December 31, 2013
 
Measurement Period Adjustments
 
At acquisition date as reported at
September 30, 2014
Inventories and supplies
$
1,089

 
$
—

 
$
1,089

Prepaid and other current assets
1,291

 
(273
)
 
1,018

Property, plant and equipment
40,563

 
—

 
40,563

Permits and other intangibles
17,100

 
—

 
17,100

Deferred tax assets, less current portion
2,368

 
(2,368
)
 
—

Other assets
3,607

 
(239
)
 
3,368

Current liabilities
(6,198
)
 
(552
)
 
(6,750
)
Closure and post-closure liabilities
(659
)
 
—

 
(659
)
Remedial liabilities, less current portion
(2,103
)
 
463

 
(1,640
)
Deferred taxes, unrecognized tax benefits and other long-term liabilities
(1,139
)
 
(920
)
 
(2,059
)
Total identifiable net assets
55,919

 
(3,889
)
 
52,030

Goodwill
—

 
4,288

 
4,288

Total
$
55,919

 
$
399

 
$
56,318


2014 Acquisitions
On May 30, 2014 the Company acquired certain assets of a privately owned U.S. company which provides carbon treatment systems and rental remediation equipment for approximately $6.2 million in cash. The purchase price is subject to customary post-closing adjustments based upon finalized working capital amounts. The acquired company has been integrated into the Technical Services segment.