Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2015

Kay Flow Industries, Inc.

Business Acquisition [Line Items]

Schedule of recognized identified assets acquired and liabilities assumed

he purchase price allocation has been finalized and is summarized below:

(in thousands)
Cash	$	880
Accounts receivable	14,699
Inventory	25,094
Other assets	6,155
Intangibles	53,091
Goodwill	47,735
Property, plant, and equipment	27,478
Accounts payable	(12,131		)
Other current liabilities	(4,866		)
Other non-current liabilities	(28,706		)
Total purchase price	$	129,429

Intangible assets acquisition

Details of the intangible assets acquired are as follows:

(in thousands)	Fair Value		Useful Life
Unpatented technology	$	13,400	10 years
Customer relationships	22,800		10 years
Trade names	15,500		7 to 10 years
Noncompete agreement	1,342		5 years
Favorable leasehold interest	49		5 years
Total identifiable intangible assets	$	53,091	10 years *

Auburn Bean and Grain

Business Acquisition [Line Items]

Schedule of recognized identified assets acquired and liabilities assumed

The summarized purchase price allocation is as follows:

(in thousands)
Cash	$	12,491
Accounts receivable	9,012
Inventory	5,798
Other assets	2,665
Intangibles	9,250
Goodwill	11,236
Property, plant, and equipment	41,692
Accounts payable	(3,419		)
Commodity derivative liabilities	(2,733		)
Other current liabilities	(1,281		)
Long-term debt	(12,577		)
Other non-current liabilities	(11,239		)
Total purchase price	$	60,895

Intangible assets acquisition

Details of the intangible assets acquired are as follows:

(in thousands)	Fair Value		Useful Life
Supplier relationships	$	4,620	10 years
Customer relationships	$	3,450	10 years
Trade name	$	860	10 years
Noncompete agreement	$	320	1 to 5 years
Total identifiable intangible assets	$	9,250	10 years *

*weighted average number of years