Business Acquisitions (Notes)

6 Months Ended

Jun. 30, 2018

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

2. BUSINESS ACQUISITIONS

Cleancor. On June 1, 2018, the Company acquired a controlling interest in Cleancor, a full service solution provider, which delivers clean fuel to end users, through the acquisition of its partners’ 50% equity interest for $3.2 million in cash. In addition, immediately prior to consolidation, the Company contributed as capital $1.9 million of notes receivable due from Cleancor. The Company performed a preliminary fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair value resulting in no goodwill being recorded.

SCA. On March 1, 2018, the Company acquired Strategic Crisis Advisors LLC (“SCA”) for $1.3 million to be paid in two installments. The purchase price includes $0.8 million in contingent consideration that is dependent upon SCA meeting predetermined revenue targets for the twelve months following the acquisition date. The Company performed a preliminary fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair value resulting in no goodwill being recorded.

Purchase Price Allocation. The allocation of the purchase price for the Company’s acquisitions for the six months ended June 30, 2018 was as follows (in thousands):



Trade and other receivables	$	1,264
Other current assets	170
Investments, at Equity, and Advances to 50% or Less Owned Companies	(3,219		)
Property and Equipment	4,382
Intangible Assets	950
Notes receivable contributed as equity	(1,904		)
Other Assets	7
Accounts payable and other accrued liabilities⁽¹⁾	(1,609		)
Other current liabilities	(269		)
Noncontrolling interests in subsidiaries	(82		)
Purchase price⁽²⁾	$	(310	)

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(1)	Includes $1.3 million of consideration to be paid in two installments.


(2)	Purchase price is net of cash acquired totaling $3.6 million.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase Price Allocation. The allocation of the purchase price for the Company’s acquisitions for the six months ended June 30, 2018 was as follows (in thousands):



Trade and other receivables	$	1,264
Other current assets	170
Investments, at Equity, and Advances to 50% or Less Owned Companies	(3,219		)
Property and Equipment	4,382
Intangible Assets	950
Notes receivable contributed as equity	(1,904		)
Other Assets	7
Accounts payable and other accrued liabilities⁽¹⁾	(1,609		)
Other current liabilities	(269		)
Noncontrolling interests in subsidiaries	(82		)
Purchase price⁽²⁾	$	(310	)

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(1)	Includes $1.3 million of consideration to be paid in two installments.


(2)	Purchase price is net of cash acquired totaling $3.6 million