Annual report pursuant to Section 13 and 15(d)

ACQUISITION OF B PLANT (Tables)

v3.19.1
ACQUISITION OF B PLANT (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [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