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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash | $ | 10,007 |
Accounts receivable | 9,905 |
Inventories | 5,375 |
Prepaid and other current assets | 1,444 |
Property, plant and equipment | 40,997 |
Land | 34,800 |
Goodwill (1) | 26,942 |
Intangible assets | 33,647 |
Other non-current assets | 1,228 |
Accounts payable and other current liabilities | (10,742 | )
Deferred tax liability | (16,759 | )
Other non-current liabilities | (7,235 | )
Total | $ | 129,609 |
________________________________________________________ (1) We allocated $13.5 million, $2.7 million, and $10.8 million of goodwill to our refining, retail, and logistics reporting units, respectively. A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash | $ | 183 |
Accounts receivable | 16,880 |
Inventories | 28,402 |
Prepaid and other assets | 1,304 |
Property, plant, and equipment | 254,367 |
Goodwill (1) | 66,449 |
Accounts payable and other current liabilities | (57,861 | )
Wyoming Refining Senior Secured Revolver | (10,100 | )
Wyoming Refining Senior Secured Term Loan | (58,036 | )
Other non-current liabilities | (32,222 | )
Total | $ | 209,366 |
______________________________________________ (1) We allocated $39.8 million and $26.6 million of goodwill to our refining and logistics segments, respectively.
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the WRC Acquisition had been completed on January 1, 2015 (in thousands):
|  | Year Ended December 31,
|  | 2016 |  | 2015
Revenues |  | $ | 2,026,237 |  |  | $ | 2,369,513 |
Net income (loss) |  | (51,239 | ) |  | (51,582 | )
Income (loss) per share |  |  |  |
Basic |  | $ | (1.21 | ) |  | $ | (1.24 | )
Diluted |  | $ | (1.21 | ) |  | $ | (1.24 | )
The following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Mid Pac acquisition had been completed on January 1, 2014 (in thousands):
| Year Ended December 31, 2015
Revenues | $ | 2,093,587 |
Net loss | (54,941 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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