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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The table below presents the calculation of the total purchase consideration:
Base price consideration |  | $ | 2,000 |
20-day volume weighted average price of Smart Sand stock |  | $ | 1.33 |
Shares issued |  | 1,504 |
Closing share price on September 18, 2020 |  | $ | 1.37 |
Total purchase consideration |  | $ | 2,060 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The Company’s preliminary allocation of the purchase price in connection with the acquisition was calculated as follows:
|  |  |  | Fair Value
Assets Acquired |  |
| Cash |  | $ | 309 |
| Accounts receivable |  | 75 |
| Inventory |  | 2,459 |
| Prepaid expenses and other current assets |  | 123 |
| Property, plant and equipment |  | 60,310 |
| Right-of-use assets |  | 9,603 |
|  | Total assets acquired |  | 72,879 |
Liabilities Assumed |  |
| Accounts payable |  | 16 |
| Accrued expenses and other liabilities |  | 2,010 |
| Asset retirement obligations |  | 8,424 |
| Operating lease liabilities |  | 9,603 |
| Deferred income taxes |  | 10,877 |
|  | Total liabilities assumed |  | 30,930 |
|  | Estimated fair value of net assets acquired |  | $ | 41,949 |
Business Acquisition, Pro Forma Information | The following represents pro forma consolidated revenue and income before income tax expense as if Eagle Proppants Holdings had been included in the consolidated results of the Company for the three and nine months ended September 30, 2020 and 2019. These amounts have been calculated after applying the Company’s accounting policies and adjusting the results of Eagle Proppants Holdings to reflect the depreciation and accretion expense that would have been charged assuming the fair value adjustments to property, plant and equipment and asset retirement obligations as well as equipment rent that would have been recorded based on the acquired right-of-use assets.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenues |  | $ | 23,442 |  |  | $ | 78,115 |  |  | $ | 105,852 |  |  | $ | 226,942 |
Income before income tax expense |  | $ | 34,614 |  |  | $ | 12,297 |  |  | $ | 39,700 |  |  | $ | 33,484 |

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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 a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -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=121647850&loc=d3e4845-128472 + Details
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