Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed as of the acquisition date:



		Amount Recognized as of Acquisition Date
Description		(All Amounts in Thousands)
Working Capital including Cash Acquired	$	8,511
Inventory		6,510
Property, Plant, and Equipment		60,037
Identifiable Intangible Assets		45,131
Total Assets Acquired		120,189
Misc. Payables and Accrued Expenses		(5,434)
Other Long Term Liability		(1,945)
Total Liabilities Assumed		(7,379)
Net Assets Acquired		112,810
Total Consideration Transferred		(114,717)
Goodwill*	$	1,907

* Goodwill represents the fair value of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill is not amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of UOS includes the following:

the expected synergies and other benefits that we believe will result from combining the operations of UOS with our existing Jones Act operations,

any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and

the anticipated higher rate of return of UOS’s existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.

Business Acquisition, Pro Forma Information



		2012 Pro
		Forma
Revenues	$	329,079
Net earnings attributable to ISH	$	30,765
Net earnings per share attributable to ISH common stockholders:
Basic	$	4.28
Diluted	$	4.27

Frascati Shops, Inc. And Tower, LLC [Member]

Business Acquisition [Line Items]

Assets Acquired And Liabilities Assumed

The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed as of the acquisition date:



		Amount Recognized as of Acquisition Date
Description		(All Amounts in Thousands)
Working Capital including Cash Acquired	$	18
Inventory		231
Property, Plant, and Equipment		3,411
Identifiable Intangible Assets		490
Total Assets Acquired		4,150
Misc. Payables and Accrued Expenses		(412)
Long Term Debt		(3,490)
Deferred Tax Liability		(453)
Total Liabilities Assumed		(4,355)
Net Liabilities Assumed		(205)
Total Consideration Transferred		(623)
Goodwill*	$	828

* Goodwill represents the sum of the consideration transferred and the net liabilities assumed and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill is not amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of the Acquired Companies includes the following:

the expected synergies and other benefits that we believe will result from combining the operations of the Acquired Companies with our existing Rail-Ferry operations,

any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and

the anticipated higher rate of return of the Acquired Companies existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.