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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2019
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 | $ | 200 |
Inventories | 4,138 |
Prepaid and other current assets | 243 |
Property, plant, and equipment | 30,230 |
Goodwill (1) | 46,210 |
Accounts payable and other current liabilities | (759 | )
Long-term capital lease obligations | (5,244 | )
Other non-current liabilities | (487 | )
Total | $ | 74,531 |
________________________________________________________ (1) The total goodwill balance of $46.2 million was allocated to our retail segment. A summary of the preliminary estimated fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash | $ | 16,146 |
Accounts receivable | 34,954 |
Inventories | 96,936 |
Prepaid and other assets | 5,320 |
Property, plant, and equipment | 410,624 |
Operating lease assets | 62,337 |
Goodwill (1) | 46,528 |
Total assets | 672,845 |
Accounts payable | (13,445 | )
Current operating lease obligations | (21,571 | )
Other current liabilities | (58,626 | )
Obligations under inventory financing agreements | (115,367 | )
Long-term operating lease obligations | (40,766 | )
Deferred tax liability | (95,824 | )
Other non-current liabilities | (804 | )
Total liabilities | (346,403 | )
Total | $ | 326,442 |
______________________________________________ (1) We allocated $33.5 million and $13.0 million of total assets to our refining and logistics segments, respectively.
Business Acquisition, Pro Forma Information | he following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands):
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Revenues |  | $ | 1,219,243 |  |  | $ | 1,054,156 |
Net income |  | 65,568 |  |  | 1,858 |
Income per share |  |  |  |
Basic |  | $ | 1.35 |  |  | $ | 0.04 |
Diluted |  | $ | 1.24 |  |  | $ | 0.04 |

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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=79982066&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=84161108&loc=d3e4845-128472 + Details
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