Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION OF BASF FACILITY (Tables)

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ACQUISITION OF BASF FACILITY (Tables)
6 Months Ended
Jun. 30, 2016
ACQUISITION OF BASF FACILITY [Abstract]  
Schedule of Bargain of Purchase Gain
We recorded an $11.5 million bargain purchase gain on the transaction as calculated in the table below (in thousands).

Cash paid
 
$
2,011
       
Estimated earnout liability
   
733
       
Purchase Price
         
$
2,744
 
                 
Fixed assets at FMV
               
Land
   
980
         
Site improvements
   
30
         
Buildings
   
1,350
         
Production equipment
   
11,933
         
             
14,293
 
                 
Bargain purchase gain
         
$
11,549