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Acquisitions (Notes)
 12 Months Ended
Dec. 31, 2016
Acquisitions [Abstract]  
Acquisitions
Acquisitions

Acquisitions from Delek

During the years ended December 31, 2015 and 2014, the Partnership acquired the assets listed below from Delek:

•
the El Dorado Assets effective March 31, 2015 for approximately $42.5 million in cash financed with borrowings under the Partnership's amended and restated senior secured revolving credit facility;
•
the Tyler Assets effective March 31, 2015 for approximately $19.4 million in cash financed with borrowings under the Partnership's amended and restated senior secured revolving credit facility; and
•
the El Dorado Terminal and Tank Assets effective February 10, 2014 for $95.9 million in cash financed with borrowings under the Partnership's amended and restated senior secured revolving credit facility.

Financial Results of the Acquisitions from Delek

The Acquisitions from Delek were considered transfers of businesses between entities under common control. Accordingly, the Acquisitions from Delek were recorded at amounts based on Delek's historical carrying value as of each respective acquisition date, which were $7.6 million and $11.6 million as of March 31, 2015, for the El Dorado Rail Offloading Racks Acquisition and the Tyler Crude Tank Acquisition, respectively, and $25.2 million as of February 10, 2014 for the El Dorado Acquisition. Our historical financial statements have been retrospectively adjusted to reflect the results of operations, financial position, cash flows and equity attributable to the Acquisitions from Delek as if we owned the assets for all periods presented. The results of the El Dorado Assets and the Tyler Assets are included in the pipelines and transportation segment. The results of the El Dorado Terminal are included in the wholesale marketing and terminalling segment. The results of the El Dorado Tank Assets are included in the pipelines and transportation segment.

Acquisitions from Third Parties

During the year ended December 31, 2014, we acquired certain transportation, pipeline and terminalling assets to complement our existing assets, provide enhanced logistical capabilities and further our presence in certain areas. The acquisitions include the following:

•
On December 17, 2014, we acquired substantially all of the assets of Frank Thompson Transport, Inc. ("FTT"), a company that primarily hauled crude oil and asphalt products by transport truck, including 123 trucks and 205 trailers (the "FTT Assets").
•
On October 1, 2014, we acquired from an affiliate of Magellan Midstream Partners, LP (i) a light products terminal in Mount Pleasant, Texas consisting of approximately 200,000 barrels of light product storage capacity, three truck loading lanes and ethanol blending capability (the "Mount Pleasant Terminal"), (ii) a light products storage facility in Greenville, Texas with approximately 325,000 barrels of storage capacity and a connection to the Explorer Pipeline System, a common carrier pipeline owned by a third party (the "Greenville Storage Facility"), and (iii) a 76-mile pipeline connecting the locations (the "Greenville-Mount Pleasant Pipeline"). The Mount Pleasant Terminal, the Greenville Storage Facility and the Greenville-Mount Pleasant Pipeline are hereinafter collectively referred to as the "Greenville-Mount Pleasant Assets."

Purchase Price Allocations - Acquisitions from Third Parties

The following table summarizes the allocation of the aggregate purchase price for each of the third party acquisitions described above (in thousands):
 
 
FTT Assets
 
Greenville-Mount Pleasant Assets
Property, plant and equipment
$
10,790

 
$
4,829

Intangible assets
—

 
5,171

Goodwill (1)
549

 
—

Inventory
—

 
1,125

Accounts Receivable
1,767

 
—

Accounts Payable
(1,181
)
 
—

   Total purchase price
$
11,925

 
$
11,125

            
(1) All goodwill is deductible for tax purposes.

Pro Forma Financial Information - Acquisitions from Third Parties

Below are the unaudited pro forma consolidated results of operations of the Partnership for the year ended December 31, 2014, as if our 2014 acquisitions from third parties had occurred on January 1, 2013 (in thousands):

 
 
Year Ended December 31, 2014
 
 
As Reported
 
Pro Forma
FTT Assets:
 
 
 
 
Net Sales
 
$
841,253

 
$
854,842

Net income
 
$
70,058

 
$
70,824

Greenville-Mount Pleasant Assets:
 
 
 
 
Net Sales
 
$
841,253

 
$
841,943

Net income
 
$
70,058

 
$
69,621