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ACQUISITION | 3 Months Ended
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Jun. 30, 2022
Business Combinations [Abstract] |
ACQUISITION | (C) ACQUISITION On April 22, 2022, we purchased the assets of a readymix concrete and aggregates business (the ConAgg Acquisition). The purchase price (Purchase Price) of the ConAgg Acquisition was approximately $121.2 million. The purchase price allocation has not yet been finalized. The Purchase Price and expenses incurred in connection with the ConAgg Acquisition were funded through borrowings under our revolving credit facility. Operations related to the ConAgg Acquisition are included in the Concrete and Aggregates business in our segment reporting from April 22, 2022 through June 30, 2022. The following table summarizes the preliminary allocation of the Purchase Price to assets acquired and liabilities assumed as of June 30, 2022:
|  | Estimated Fair Value |
Working Capital |  | $ | 12,130 |
Property, Plant, and Equipment |  |  | 39,489 |
Intangible Assets |  |  | 30,800 |
Goodwill |  |  | 38,743 |
Total Estimated Purchase Price |  | $ | 121,162 |
The estimated useful lives assigned to Property, Plant, and Equipment range from 5 to 30 years, while the estimated useful lives assigned to Intangible Assets range from 2 to 15 years. The following table presents the Revenue and Operating Loss related to the ConAgg Acquisition that has been included in our Consolidated Statement of Earnings from April 22, 2022 through June 30, 2022.
|  | (dollars in thousands) |
Revenue |  | $ | 11,030 |
Operating Loss |  | $ | (107 | )
Included in Operating Loss shown above is approximately $2.0 million and $1.2 million related to depreciation and amortization and the recording of acquired inventories at fair value, respectively.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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