Acquisition of Davis Transfer Company (Tables)

12 Months Ended

Dec. 31, 2018

Asset Acquisition [Abstract]

Asset Acquisition, Pro Forma Information

(in thousands)	Year Ended December 31,
	2018		2017
Operating revenue	$	575,226	$	492,145
Net income	15,709		7,893

Schedule of Asset Acquistion

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the closing date of the Davis Transfer Company acquisition (in thousands):

Cash	$	810
Accounts receivable	4,582
Other current assets	1,036
Property and equipment	25,604
Intangible assets	18,040
Goodwill	4,926
Total Assets	54,998
Accounts payable and Accrued expenses	(1,581)
Insurance accruals	(417)
Total consideration transferred	$	53,000
Total Purchase Price Consideration
Cash paid	52,250
Stock granted	750
Total consideration	$	53,000
Net cash paid	$	51,440