Acquisition (Tables)

6 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Components of Purchase Price Allocation

Based on the fair value of tangible and intangible assets acquired and liabilities assumed the purchase price is allocated as follows:

Purchase Price Allocation (in thousands)
Cash and cash equivalents	$	—
Accounts Receivable		23,432
Inventories		20,361
Prepaid and Other Assets		3,511
Property and Equipment		407,260
Intangible Assets		12,500
Accounts Payable		(9,070	)
Accrued Liabilities		(3,501	)
Other Long-term Liabilities		(1,060	)
Total Net Assets		453,433
Goodwill		—
Initial Purchase Price	$	453,433
Final Working Capital Adjustment		(2,734	)
Final Purchase Price	$	450,699

Summary of Fair Value Estimates of Identifiable Intangible Assets and Weighted-Average Useful Lives

The following table is a summary of the fair value estimates of the identifiable intangible assets (in thousands) and their weighted-average useful lives:

	Weighted Average Life		Fair Value
Customer Relationships		15	$	4,760
Sales Contracts		4		2,500
Permits		40		5,240
Total Intangible Assets			$	12,500

Net Sales and Operating Income of Acquired Assets

The following table presents the net sales and operating income of the Acquired Assets that have been included in our consolidated statement of earnings from April 1, 2013 through September 30, 2013:

	Three Month Period Ended September 30, 2013		Six Month Period Ended September 30, 2013
	(dollars in thousands)
Net Sales	$	52,603	$	93,683
Operating Income	$	12,288	$	18,713

Unaudited Pro Forma Results

	Three Month Period Ended September 30, 2012		Six Month Period Ended September 30, 2012
	(dollars in thousands)
Revenues	$	222,665	$	431,124
Net Income	$	22,286	$	37,193
Earnings per share - basic	$	0.46	$	0.77
Earnings per share - diluted	$	0.46	$	0.76
Weighted Average Shares Outstanding:
Basic		48,196,225		48,158,499
Diluted		48,803,778		48,669,224