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Acquisition of Assets From 7-Eleven (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Summary of Buyer Consummated Closing Under Asset Purchase Agreement | Buyer is closing the acquisition of the Properties on a rolling basis of generally ten sites per week. Through September 30, 2021, Buyer consummated the closing under the Asset Purchase Agreement of 98 Properties for a purchase price of $262.0 million, including inventory and other working capital, as summarized in the table below (in thousands).
Inventories |  | $ | 11,745 |
Other current assets |  |  | 1,301 |
Property and equipment |  |  | 200,244 |
Right-of-use assets |  |  | 7,886 |
Goodwill |  |  | 11,351 |
Intangible assets |  |  | 41,655 |
Total assets |  | $ | 274,182 |
Current portion of operating lease obligations |  |  | 1,510 |
Accrued expenses and other current liabilities |  |  | 675 |
Operating lease obligations, less current portion |  |  | 6,376 |
Asset retirement obligations |  |  | 3,628 |
Total liabilities |  | $ | 12,189 |
Total consideration, net of cash acquired |  | $ | 261,993 |
Summary of Pro forma Results | Our pro forma results, giving effect to the acquisition and assuming an acquisition date of January 1, 2020, would have been (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenues |  | $ | 1,119,219 |  |  | $ | 711,413 |  |  | $ | 2,911,962 |  |  | $ | 1,717,596 |
Net income |  |  | 9,805 |  |  |  | 29,702 |  |  |  | 22,740 |  |  |  | 125,625 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(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://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=123413009&loc=d3e4845-128472 + Details
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