XML 39 R25.htm IDEA: XBRL DOCUMENT

ACQUISITION (Tables)

9 Months Ended

Dec. 31, 2017

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 (in thousands)	As of February 10, 2017
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 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 (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 Earnings Related to Fairborn Acquisition

The following table presents the net sales and operating earnings related to the Fairborn Acquisition that have been included in our consolidated statement of earnings for the three and nine months ended December 31, 2017:

	For the Three Months		For the Nine Months
	Ended December 31,		Ended December 31,
	2017		2017
	(dollars in thousands)
Revenues	$	21,699	$	69,120
Operating Earnings	$	6,547	$	20,380

Unaudited Pro Forma Results

	For the Three Months Ended December 31, 2016		For the Nine Months Ended December 31, 2016
	(dollars in thousands)
Revenues	$	321,378	$	998,910
Net Income	$	58,294	$	169,631
Earnings per share – basic	$	1.22	$	3.54
Earnings per share - diluted	$	1.21	$	3.51