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Acquisitions (Notes)
 3 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Acquisitions
Note 2 – Acquisition
Purchase of HDB Ltd. Limited Partnership
On August 22, 2014, the Company purchased substantially all of the assets of HDB Ltd. Limited Partnership ("HDB"). HDB, headquartered in Bakersfield, California provides construction, fabrication and turnaround services to energy companies throughout California’s central valley. The acquisition advances a strategic goal of the Company to expand into the upstream energy market. The acquisition purchase price was $5.3 million and was funded with cash on hand. Commencing on August 22, 2014, HDB's operating results are included in the Oil Gas & Chemical Segment.
The purchase price was allocated to the major categories of assets and liabilities based on their estimated fair value at the acquisition date. The following table summarizes the purchase price allocation (in thousands):
Current assets
$
1,658

Property, plant and equipment
1,162

Tax deductible goodwill
2,586

Other intangible assets
900

Total assets acquired
6,306

Current liabilities
1,056

Net assets acquired
$
5,250


All of the recorded goodwill from the HDB acquisition is tax deductible. The operating data related to this acquisition was not material.