ACQUISITIONS AND DIVESTITURES

9 Months Ended

Sep. 30, 2016

ACQUISITIONS AND DIVESTITURES [Abstract]

Note 16: Acquisitions and Divestitures

ACQUISITIONS

Through the nine months ended September 30, 2016, we purchased the following for $1,611,000 of cash consideration:

assets of a trucking business to complement our aggregates logistics and distribution activities

For the full year 2015, we purchased the following for total consideration of $47,198,000 ($27,198,000 cash and $20,000,000 exchanges of real property and businesses (twelve California ready-mixed concrete operations)):

one aggregates facility in Tennessee

three aggregates facilities and seven ready-mixed concrete operations in Arizona and New Mexico

thirteen asphalt mix operations, primarily in Arizona

On September 30, 2016, we funded a $19,500,000 acquisition that closed on Saturday, October 1, 2016. This payment is reflected in prepaid assets in our Condensed Consolidated Balance Sheet as of September 30, 2016.

DIVESTITURES AND PENDING DIVESTITURES

As noted above, in 2015 (first quarter), we exchanged twelve ready-mixed concrete operations in California (representing all of our California concrete operations) for thirteen asphalt mix plants (primarily in Arizona) resulting in a pretax gain of $5,886,000.

No assets met the criteria for held for sale at September 30, 2016, December 31, 2015 or September 30, 2015.