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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Fort Worth Facility  
Schedule of the Preliminary Allocation of the Fair Value of Assets Acquired and Liabilities Assumed in Acquisition

 

In December 2017, the Company finalized the Fort Worth purchase price allocation. The following table summarizes the consideration for the Fort Worth facility and the final allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

Final Fort Worth Allocation as of
December 31, 2017

 

Preliminary Allocation Reported as of December 31, 2016

 

Adjustments to Fair Value

Land

 

$

136

 

$

136

 

$

 —

Buildings and improvements

 

 

610

 

 

610

 

 

 —

Construction in progress

 

 

48,987

 

 

48,984

 

 

 3

Acquired intangibles

 

 

237

 

 

240

 

 

(3)

Deferred costs

 

 

23

 

 

23

 

 

 —

Other assets

 

 

 7

 

 

 7

 

 

 —

Net Working Capital

 

 

86

 

 

86

 

 

 —

Total identifiable assets acquired

 

$

50,086

 

$

50,086

 

$

 —

 

Piscataway Facility  
Schedule of the Preliminary Allocation of the Fair Value of Assets Acquired and Liabilities Assumed in Acquisition

 

In June 2017, the Company finalized the Piscataway purchase price allocation. The following table summarizes the consideration for the Piscataway facility and the final allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

Final Piscataway Allocation as of
June 30, 2017

 

Preliminary Allocation Reported as of June 30, 2016

 

Adjustments to Fair Value

Land

 

$

7,466

 

$

7,440

 

$

26

Buildings and improvements

 

 

80,366

 

 

78,370

 

 

1,996

Construction in progress

 

 

13,900

 

 

13,900

 

 

 —

Acquired intangibles

 

 

19,581

 

 

21,668

 

 

(2,087)

Deferred costs

 

 

4,390

 

 

4,084

 

 

306

Other assets

 

 

106

 

 

106

 

 

 —

Total identifiable assets acquired

 

 

125,809

 

 

125,568

 

 

241

 

 

 

 

 

 

 

 

 

 

Acquired below market lease

 

 

809

 

 

568

 

 

241

Net working capital

 

 

2,019

 

 

2,019

 

 

 —

Total liabilities assumed

 

 

2,828

 

 

2,587

 

 

241

 

 

 

 

 

 

 

 

 

 

Net identifiable assets acquired

 

$

122,981

 

$

122,981

 

$

 —