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Acquisition of Horizon (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The allocation of the purchase price was based upon management’s preliminary valuation of the fair values of tangible and intangible assets acquired and liabilities assumed in the Horizon Transaction, with the excess recorded as goodwill. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable, but no later than one year from the acquisition date. The fair value of acquired identifiable assets and liabilties, including but not limited to, property, plant and equipment, intangible assets, operating lease right-of-use assets, deferred tax liabilities, and non-current operating lease liabilities, and the resulting impact on goodwill recognized, are provisional pending receipt of the final valuations for these balances.
(in thousands)Amount
Current and other assets$10,465 
Property, plant and equipment386,045 
Goodwill74,630 
Intangible assets14,249 
Operating lease right-of-use assets6,631 
Other long-term assets1,843 
Total assets acquired493,863 
Current liabilities$15,187 
Deferred tax liabilities32,218 
Non-current operating lease liabilities
3,778 
Government grant liabilities16,348 
Other long-term liabilities10,138 
Total liabilities assumed77,669 
Net assets acquired$416,194 
Business Acquisition, Pro Forma Information The unaudited pro forma results of the Company, as if the Horizon Transaction had occurred on January 1, 2023, are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Operating revenues
N/A
$83,164 $170,876 $166,740 
Loss before income taxes
N/A
$(3,952)$(26,911)$(7,116)