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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of disaggregated revenue
The following table presents our revenues disaggregated by type and percentage of total revenues for the periods indicated.
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
 
 
Revenue
 
Percentage of Total Revenue
 
Revenue
 
Percentage of Total Revenue
 
Revenue
 
Percentage of Total Revenue
Sand sales revenue
 
$
121,377

 
57
%
 
$
50,200

 
37
%
 
$
17,076

 
29
%
Reservation charges
 
22,156

 
10
%
 
30,000

 
22
%
 
15,041

 
25
%
Shortfall payments
 
6,032

 
3
%
 
1,244

 
1
%
 
20,902

 
35
%
Railcar usage revenue
 
8,918

 
4
%
 
7,702

 
5
%
 
5,732

 
10
%
Transportation revenue
 
53,987

 
26
%
 
48,066

 
35
%
 
480

 
1
%
Total revenues
 
$
212,470

 
100
%
 
$
137,212

 
100
%
 
$
59,231

 
100
%
Schedule of useful lives of property, plant and equipment
Depreciation is calculated using the straight-line method over the estimated useful lives of the property, plant and equipment, which are:
 
Years
Land improvements
10
Plant and buildings
5-15
Real estate properties
10-40
Railroad and sidings
30
Vehicles
3-5
Machinery, equipment and tooling
3-15
Wellsite proppant storage solutions
5-15
Furniture and fixtures
3-10
Deferred mining costs
3
The acquisition cost has been allocated over the assets as set forth below.
Machinery, equipment and tooling
$
1,478

Plant and building
1,407

Railroad and sidings
9,926

Land improvements
2,738

Total assets acquired
$
15,549

Net property, plant and equipment consists of:
 
December 31,
 
2018
 
2017
Machinery, equipment and tooling
$
14,858

 
$
7,802

Wellsite proppant storage solutions
5,286

 

Vehicles
1,955

 
1,546

Furniture and fixtures
1,140

 
720

Plant and building
158,882

 
81,561

Real estate properties
4,601

 
4,432

Railroad and sidings
27,347

 
10,254

Land and land improvements
27,167

 
16,378

Asset retirement obligation
16,469

 
8,408

Mineral properties
10,075

 
9,878

Deferred mining costs
1,806

 
657

Construction in progress
21,619

 
56,493

 
291,205

 
198,129

Less: accumulated depreciation and depletion
42,809

 
26,367

Total property, plant and equipment, net
$
248,396

 
$
171,762

Schedule of contingent consideration
The fair value of the Company’s financial instruments carried at fair value were as follows:
 
 
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
Contingent consideration
 
$
7,167

 
$

 
$

 
$
7,167

Total liabilities
 
$
7,167

 
$

 
$

 
$
7,167

Fair value, liabilities measured on recurring basis, unobservable input reconciliation
The following table provides a summary of changes in the fair value of the Company’s Level 3 financial instruments for the year ended December 31, 2018:
Balance as of January 1, 2018
 
$

Contingent consideration pursuant to acquisition
 
9,200

Payment of contingent consideration
 
(175
)
Fair value adjustment
 
(1,858
)
Balance as of December 31, 2018
 
$
7,167

Reconciliation of weighted-average common shares outstanding used in the calculation of basic and diluted net income (loss) per share
The following table reconciles the weighted-average common shares outstanding used in the calculation of basic net income per share to the weighted average common shares outstanding used in the calculation of diluted net income per share:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Determination of Shares
 

 
 
 
 
Weighted average common shares outstanding
40,427

 
40,208

 
24,322

Assumed conversion of restricted stock
22

 
96

 
257

Diluted weighted average common stock outstanding
40,449

 
40,304

 
24,579