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Business Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The purchase price allocation was finalized in the second quarter of 2020. A summary of the consideration given is as follows:
(in thousands) |
Non-cash consideration | $ | 7,318 |
Investments contributed at fair value | 124,662 |
Investment contributed at cost | 50,875 |
Total purchase price consideration | $ | 182,855 |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The final purchase price allocation at October 1, 2019, is as follows:
(in thousands) |
Cash and cash equivalents | $ | 47,042 |
Accounts receivable | 12,175 |
Inventories | 31,765 |
Other current assets | 2,638 |
Goodwill | 3,075 |
Right of use asset | 5,200 |
Other assets, net | 861 |
Property, plant and equipment, net | 321,380 |
| 424,136 |
Trade and other payables | 13,461 |
Accrued expense and other current liabilities | 3,011 |
Other long-term liabilities | 292 |
Long-term lease liabilities | 2,230 |
Long-term debt, including current maturities | 47,886 |
| 66,880 |
Noncontrolling Interest | 174,401 |
Net Assets Acquired | $ | 182,855 |
Removal of preexisting ownership interest | $ | (88,426) |
Pre-tax gain on derecognition of preexisting ownership interest | $ | 36,286 |
Schedule of Pro Forma Financial Information | The summary pro forma financial information for the periods presented below gives effect to the TAMH acquisition as if it had occurred at January 1, 2019.
| Year ended December 31,
(in thousands) | 2020 |  | 2019
Net sales | $ | 8,208,436 |  |  | $ | 8,377,863 |
Net loss | (14,215) |  |  | (24,475) |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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