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ACQUISITION OF TRANSTAR, LLC. (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase price, as presented in our Consolidated Balance Sheets:
Fair value of assets acquired: |
Cash and cash equivalents | $ | 8,918 |
Accounts receivable | 18,625 |
Operating lease right-of-use assets | 12,231 |
Property, plant and equipment | 490,561 |
Intangible assets | 60,000 |
Other assets | 15,008 |
Total assets | 605,343 |
Fair value of liabilities assumed: |
Accounts payable and accrued liabilities | 47,010 |
Operating lease liabilities | 10,689 |
Pension and other postretirement benefits (1) | 37,552 |
Other liabilities | 8,487 |
Total liabilities | 103,738 |
Goodwill (2) | 134,402 |
Total purchase consideration | $ | 636,007 |
________________________________________________________ (1) Included in Other liabilities in the Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the new Transtar segment and is deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table presents the identifiable intangible assets and their estimated useful lives:
| Estimated useful life in years |  | Fair value
Customer relationships | 15 |  | $ | 60,000 |
Schedule of Property Plant And Equipment Acquired as Part of Business Combination | The following table presents the property, plant and equipment and their estimated useful lives:
| Estimated useful life in years |  | Fair value
Railcars and locomotives | 1 - 40 |  | $ | 112,981 |
Track and track related assets | 1 - 40 |  | 90,904 |
Land, site improvements and rights | N/A |  | 87,450 |
Bridges and tunnels | 15 - 55 |  | 174,889 |
Buildings and improvements | 3 - 25 |  | 12,448 |
Railroad equipment | 2 - 15 |  | 2,725 |
Terminal machinery and equipment | 2 - 15 |  | 3,325 |
Vehicles | 2 - 5 |  | 3,740 |
Construction in progress | N/A |  | 1,928 |
Computer hardware and software | 2 - 5 |  | 171 |
Total |  |  | $ | 490,561 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020.
| Year Ended December 31,
| 2021 |  | 2020
Total revenue | $ | 536,805 |  |  | $ | 481,678 |
Net loss attributable to shareholders | (104,611) |  |  | (125,989) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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