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Business Acquisition (Tables)
9 Months Ended
Sep. 30, 2012
Amaizing Energy Denison LLC
 
Business Acquisition [Line Items]  
Summary of preliminary purchase price allocation
The summarized purchase price allocation is as follows:
 
(in thousands)
 
Grain elevator
$
14,285

Inventory
9,916

Intangible assets
2,373

Other assets
962

Property, plant and equipment
49,864

Total purchase price
$
77,400

Intangible assets acquisition
Details of the intangible assets acquired are as follows:
 
(in thousands)
Fair
Value
 
Useful
Life
Lease intangibles
$
2,123

 
10 months to 4.5 years
Noncompete agreement
250

 
2 years
Total identifiable intangible assets
$
2,373

 
2.9 years *

*weighted average number of years
New Eezy Gro Inc
 
Business Acquisition [Line Items]  
Summary of preliminary purchase price allocation
The summarized purchase price allocation is as follows:

(in thousands)
 
Current assets
$
5,106

Intangible assets
9,600

Goodwill
6,681

Property, plant and equipment
3,586

Current liabilities
(3,784
)
Deferred tax liability, net
(4,412
)
Total purchase price
$
16,777

Intangible assets acquisition
Details of the intangible assets acquired are as follows:

(in thousands)
Fair
Value
 
Useful
Life
Trademarks
$
1,200

 
10 years
Customer list
5,500

 
10 years
Technology
2,100

 
5 years
Noncompete agreement
800

 
7 years
Total identifiable intangible assets
$
9,600

 
8 years *
*weighted average number of years