XML 42 R18.htm IDEA: XBRL DOCUMENT
v3.19.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 10—Goodwill and Intangible Assets During the years ended December 31, 2018 and 2017, the change in the carrying amount of goodwill was as follows (in thousands):
Balance at January 1, 2017 | $ | 105,732 |
Wyoming Refining acquisition purchase price allocation adjustment (1) | 1,455 |
Balance at December 31, 2017 | 107,187 |
Acquisition of Northwest Retail (1) | 46,210 |
Balance at December 31, 2018 | $ | 153,397 |
________________________________________________________
(1) | Please read Note 4—Acquisitions for further discussion.
Intangible assets consist of the following (in thousands):
| December 31,
| 2018 |  | 2017
Intangible assets: |  |  |
Railcar leases | $ | 3,249 |  |  | $ | 3,249 |
Trade names and trademarks | 6,267 |  |  | 6,267 |
Customer relationships | 32,064 |  |  | 32,064 |
Total intangible assets | 41,580 |  |  | 41,580 |
Accumulated amortization: |  |  |  |  |
Railcar leases | (3,249 | ) |  | (3,249 | )
Trade name and trademarks | (5,037 | ) |  | (4,951 | )
Customer relationships | (9,347 | ) |  | (6,776 | )
Total accumulated amortization | (17,633 | ) |  | (14,976 | )
Net: |  |  |  |  |
Railcar leases | — |  |  | — |
Trade name and trademarks | 1,230 |  |  | 1,316 |
Customer relationships | 22,717 |  |  | 25,288 |
Total intangible assets, net | $ | 23,947 |  |  | $ | 26,604 |
Amortization expense was approximately $2.7 million, $3.3 million, and $4.5 million for the years ended December 31, 2018, 2017, and 2016, respectively. Our intangible assets related to customer relationships and trade names have an average useful life of 13.5 years. Expected amortization expense for each of the next five years and thereafter is as follows (in thousands):
Year Ended |  | Amount
2019 |  | $ | 2,658 |
2020 |  | 2,658 |
2021 |  | 2,658 |
2022 |  | 2,658 |
2023 |  | 2,658 |
Thereafter |  | 10,657 |
|  | $ | 23,947 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration