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Goodwill
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

Note 7 – Goodwill

 

As described in Note 3 – Significant Accounting Policies, we evaluate goodwill for impairment at least annually on November 30, or more frequently if we believe necessary based on events or changes in circumstances. During the first quarter of 2016, we finalized our 2015 impairment assessment and recorded additional impairment expense of $24.0 million on our Consolidated Statement of Operations. The impairment of goodwill was primarily due to the effects of lower commodity prices, and a higher cost of capital for companies in our industry compared to conditions in February 2015 when we acquired Atlas.

Changes in the net book value of our goodwill are as follows:

 

 

 

WestTX

 

 

SouthTX

 

 

Permian

 

 

Total

 

Balance at December 31, 2016, net

 

$

174.7

 

 

$

35.3

 

 

$

 

 

$

210.0

 

Permian Acquisition, March 1, 2017 (preliminary valuation)

 

 

 

 

 

 

 

 

46.6

 

 

 

46.6

 

Balance at June 30, 2017, net

 

$

174.7

 

 

$

35.3

 

 

$

46.6

 

 

$

256.6