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Business Transactions (Tables)
3 Months Ended
Mar. 31, 2025
Business Transactions  
Summary of fair values of assets acquired and liabilities assumed

(in thousands)

      

Cash

      

$

2,498

Accounts receivable

9,737

Inventory

7,346

Other current assets

495

Property, plant and equipment

912,877

Operating lease right-of-use assets

1,424

Goodwill

52,155

Intangible assets

76,228

Other assets

4,032

Accounts payable, trade

(48,946)

Accrued liabilities

(4,667)

Operating lease liabilities

(1,424)

Other liabilities

(4,032)

Purchase price

$

1,007,723

Schedule of transaction-related costs incurred by cost type

Three months ended

(in thousands)

March 31, 2025

Professional fees (1)

$

204

Compensation-related costs (2)

861

Total transaction-related costs

$

1,065

(1)Professional fees include legal, advisory, consulting and other fees.
(2)Compensation-related costs include amounts related to employee retention and other compensation related arrangements associated with the acquisition. Payments are due and payable at various times up to and including the two-year anniversary of the TOPS Acquisition.