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MERGER (Tables)
6 Months Ended
Jun. 30, 2016
Legacy TGC  
Summary of assets acquired and liabilities assumed at the Merger date

 

 

 

Fair Value
(in 000’s)

 

 

 

 

 

Stock consideration

 

$

42,902 

 

Interest bearing debt assumed

 

12,048 

 

Debt-free current liabilities

 

13,590 

 

 

 

 

 

Total purchase price consideration including liabilities assumed

 

$

68,540 

 

 

 

 

 

 

 

 

 

 

Value of current assets

 

 

 

Current assets excluding cash and cash equivalents

 

$

15,531 

 

Cash and cash equivalents

 

12,382 

 

 

 

 

 

Total current assets

 

$

27,913 

 

 

 

 

 

Identified tangible assets

 

 

 

Fair value of property and equipment

 

$

33,867 

 

 

 

 

 

Identified intangible assets

 

 

 

Trademarks/tradenames

 

$

400 

 

 

 

 

 

Net deferred tax asset

 

$

6,360 

 

 

 

 

 

 

 

 

 

 

Total indicated value of assets

 

$

68,540