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Acquisition (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Final Purchase Price Allocation of Fair Value of Assets Acquired and Liabilities Assumed
 
(in thousands)
Purchase Price
 
 
$
1,894,882

Less: Long-term debt assumed
 
 
(760,000
)
Less: Working capital adjustment received
 
 
(10,644
)
 Consideration paid, net of working capital adjustment received
 
 
$
1,124,238

 
 
 
 
Allocation of Purchase Price:
 
 
 
Current Assets
 
 
$
112,983

Property, plant & equipment, net
 
 
1,058,093

Goodwill
 
 
939,695

Deferred charges and other assets, excluding goodwill
 
 
133,299

Current liabilities
 
 
(172,454
)
Long-term debt
 
 
(758,874
)
Deferred credits and other liabilities
 
 
(188,504
)
Total consideration paid, net of working-capital adjustment received
 
 
$
1,124,238


Schedule of Pro Forma Results
The following pro forma results give effect to the acquisition, assuming the transaction closed on January 1, 2016:
 
Pro Forma Results
 
December 31, 2016
 
(in thousands, except per share amounts)
Revenue
$
1,617,878

Income from continuing operations
$
177,040

Net income (loss)
$
112,878

Earnings from continuing operations per share, Basic
$
3.41

Earnings from continuing operations per share, Diluted
$
3.32