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ACQUISITION OF TRANSTAR, LLC. (Tables)

12 Months Ended

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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