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Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash
$
200

Inventories
4,138

Prepaid and other current assets
243

Property, plant, and equipment
30,230

Goodwill (1)
46,210

Accounts payable and other current liabilities
(759
)
Long-term capital lease obligations
(5,244
)
Other non-current liabilities
(487
)
Total
$
74,531

________________________________________________________
(1) The total goodwill balance of $46.2 million was allocated to our retail segment.
A summary of the preliminary estimated fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash
$
16,146

Accounts receivable
34,954

Inventories
96,936

Prepaid and other assets
5,320

Property, plant, and equipment
410,624

Operating lease assets
62,337

Goodwill (1)
46,528

Total assets
672,845

Accounts payable
(13,445
)
Current operating lease obligations
(21,571
)
Other current liabilities
(58,626
)
Obligations under inventory financing agreements
(115,367
)
Long-term operating lease obligations
(40,766
)
Deferred tax liability
(95,824
)
Other non-current liabilities
(804
)
Total liabilities
(346,403
)
Total
$
326,442

______________________________________________
(1) We allocated $33.5 million and $13.0 million of total assets to our refining and logistics segments, respectively.
Business Acquisition, Pro Forma Information
he following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands):
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Revenues
 
$
1,219,243

 
$
1,054,156

Net income
 
65,568

 
1,858

 
 
 
 
 
Income per share
 
 
 
 
Basic
 
$
1.35

 
$
0.04

Diluted
 
$
1.24

 
$
0.04