Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

The acquisition cost has been allocated to the Company’s fixed 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 consisted of:



	March 31, 2019		December 31, 2018
Machinery, equipment and tooling	$	15,327	$	14,858
Wellsite proppant storage solutions	7,805		5,286
Vehicles	1,983		1,955
Furniture and fixtures	1,175		1,140
Plant and building	159,785		158,882
Real estate properties	4,621		4,601
Railroad and sidings	27,347		27,347
Land and land improvements	27,395		27,167
Asset retirement obligation	16,356		16,469
Mineral properties	10,075		10,075
Deferred mining costs	1,806		1,806
Construction in progress	24,027		21,619
	297,702		291,205
Less: accumulated depreciation and depletion	48,569		42,809
Total property, plant and equipment, net	$	249,133	$	248,396

The Company’s allocation of the purchase price in connection with the acquisition was calculated as follows:



	Fair Value		Useful Life (in years)
Assets Acquired
Accounts receivable	$	112
Inventory	1,700
Prepaid expenses and other current assets	126
Total current assets acquired	$	1,938
Property, plant and equipment	740
Customer relationships	270		1 year
Developed technology	18,800		13 years
Trade name	900		Indefinite
Goodwill	16,935
Other assets	225
Total non-current assets acquired	37,870
Total assets acquired	$	39,808

Liabilities Assumed
Accounts payable	$	331
Accrued and other expenses	399
Total liabilities assumed	730
Estimated fair value of net assets acquired	$	39,078

The table below presents the calculation of the total purchase consideration.



Base price - cash	$	30,000
Contingent consideration – earnout	9,200
Working capital adjustment	(122		)
Total purchase consideration	$	39,078

The Company’s financial instruments remeasured and carried at fair value were as follows: