CRS Acquisition (Tables)

12 Months Ended

Mar. 31, 2015

The following table summarizes the provisional allocation of the estimated Purchase Price to assets acquired and liabilities assumed as of the acquisition date:

Purchase price allocation at acquisition date (in thousands)	As of November 14, 2014
Cash and cash equivalents	$	219
Accounts Receivable		14,640
Inventories		9,627
Prepaid and Other Assets		753
Property and Equipment		192,738
Intangible Assets		56,200
Indemnity under Sales Agreement		14,810
Other Assets		1,120
Accounts Payable		(4,343	)
Accrued Liabilities		(2,585	)
Obligations under Long-term Sales Agreements		(28,131	)
Asset Retirement Obligation		(4,112	)
Deferred Taxes		(13,765	)
Total Net Assets		237,171
Goodwill		—
Total Estimated Purchase Price	$	237,171

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		Estimated Fair Value
Customer Relationships		4		56,000
Permits		40		200
Total Intangible Assets			$	56,200

Net Sales and Operating Loss of CRS Proppants

The following table presents the net sales and operating loss of CRS Proppants that has been included in our consolidated statement of earnings from November 14, 2014 through the end of the fiscal year:

	Fiscal Year Ended March 31, 2015
	(dollars in thousands)
Revenues	$	28,035
Operating Loss	$	5,002

Unaudited Pro Forma Results

	For the Fiscal Year Ended March 31,
	2015		2014
	(dollars in thousands)
Revenues	$	1,124,755	$	961,006
Net Income	$	188,715	$	107,764
Earnings per share – basis	$	3.80	$	2.20
Earnings per share - diluted	$	3.75	$	2.16