ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

Components of Purchase Price Allocation

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

Purchase Price Allocation at Acquisition Date

	As of February 10, 2017
	(dollars in thousands)
Inventories	$	11,106
Property and Equipment		314,897
Intangible Assets		10,000
Other Assets		2,820
Asset Retirement Obligation		(2,820	)
Total Net Assets		336,003
Goodwill		64,485
Total Estimated Purchase Price	$	400,488

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 (dollars in thousands) and their weighted-average useful lives:

	Weighted Average Life		Estimated Fair Value
Customer Relationships		15		9,000
Permits		40		1,000
Total Intangible Assets			$	10,000

Net Sales and Operating Loss Related to Fairborn Acquisition

The following table presents the net sales and operating loss related to the Fairborn Acquisition that has been included in our Consolidated Statement of Earnings from February 10,2017 through the end of the fiscal year:

	For the Fiscal Year Ended March 31,
	2017
	(dollars in thousands)
Revenue	$	7,022
Operating Income (Loss)	$	(2,394	)

Unaudited Pro Forma Results

	For the Fiscal Year Ended March 31,
	2017		2016
	(dollars in thousands)
Revenue	$	1,280,511	$	1,218,254
Net Income	$	205,343	$	156,465
Earnings per share – basis	$	4.28	$	3.16
Earnings per share - diluted	$	4.25	$	3.12