Acquisitions Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Mineral Resources Limited Wodgina Project

Business Acquisition [Line Items]

Schedule of Business Acquisitions

The following table summarizes the consideration paid for the joint venture and the amounts of the assets acquired and liabilities assumed as of the acquisition date, which have been allocated on a preliminary basis (in thousands):

Total purchase price:
Cash paid	$	820,000
Fair value of 40% interest in Kemerton assets	480,000
Purchase agreement completion adjustment and other adjustments	23,566
Total purchase price	$	1,323,566
Net assets acquired:
Inventories	$	33,900
Other current assets	10,695
Property, plant and equipment:
Land improvements	2,912
Buildings and improvements	19,268
Machinery and equipment	163,808
Mineral rights and reserves	1,058,700
Construction in progress	103,700
Other assets	1,000
Current liabilities	(10,695		)
Long-term debt(a)	(55,806		)
Other noncurrent liabilities	(23,296		)
Total identifiable net assets	1,304,186
Goodwill	19,380
Total net assets acquired	$	1,323,566

(a)

Represents 60% ownership interest in finance lease acquired. See Note 10, “Leases,” for further information on the Company’s leases.