XML 57 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition and Divestitures (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Unaudited Pro Forma Information
The following table shows our unaudited financial information for the years ended December 31, 2016 and 2015, respectively (in thousands, except per share amounts):
 
 
Pro Forma (Unaudited)
 
 
Year Ended December 31,
 
 
2016
 
2015
Revenue
 
$
544,798

 
$
1,109,559

Net income (loss) applicable to common shares
 
$
(161,527
)
 
$
68,215

Income (loss) per common share:
 
 
 
 
Basic
 
$
(0.86
)
 
$
0.41

Diluted
 
$
(0.86
)
 
$
0.42

Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary and final purchase price allocations of the fair values of the assets acquired and liabilities assumed as part of the Blackhawk acquisition as of November 1, 2016 as determined in accordance with business combination accounting guidance (in thousands):
 
 
Preliminary purchase price allocation
 
Measurement period adjustments
 
Final purchase price allocation
Current assets, excluding cash
 
$
23,626

 
$

 
$
23,626

Property, plant and equipment
 
45,091

 
55

 
45,146

Other long-term assets
 
3,139

 

 
3,139

Intangible assets
 
41,972

 
153

 
42,125

Assets acquired
 
$
113,828

 
$
208

 
$
114,036

Current liabilities assumed
 
11,132

 
185

 
11,317

Other long-term liabilities
 
542

 

 
542

Liabilities assumed
 
$
11,674

 
$
185

 
$
11,859

Fair value of net assets acquired
 
102,154

 
23

 
102,177

Total consideration transferred
 
294,563

 

 
294,563

Goodwill
 
$
192,409

 
$
(23
)
 
$
192,386

Schedule of Intangible Assets Acquired
The amount allocated to intangible assets was attributed to the following categories (in thousands):
 
 
December 31, 2016

 
Estimated Useful Lives in Years
Intellectual property
 
$
9,741

 
1-10
Customer relationships
 
24,024

 
5
Trade name
 
8,207

 
3
 
 
$
41,972