Casper Terminal Acquisition (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

We determined the fair value of the identifiable assets acquired and liabilities assumed based upon estimates and assumptions made by management and developed with the assistance of third-party advisers, with any consideration paid in excess of the fair value of the net assets being attributed to goodwill.

Purchase Price Allocation (in thousands)
Consideration:
Cash paid to Seller	$	210,445
Fair value of equity issued to Seller	15,325
Total consideration	$	225,770
Allocation of purchase price
Working capital, net	$	1,530
Property and equipment	64,204
Intangible assets	126,066
Goodwill	33,970
Total purchase price	$	225,770

Pro Forma Financial Information

The following table presents unaudited pro forma consolidated financial information as if the closing of our acquisition of Casper had occurred on January 1, 2014:

	For the Year Ended December 31,
	2015		2014
	(in thousands except per unit amounts)
Total revenues	$	112,325	$	44,536
Operating income	$	30,997	$	1,682
Net income (loss)	$	21,310	$	(12,043	)
Earnings (loss) per common unit (basic and diluted)	$	0.93	$	(0.52	)