Casper Terminal Acquisition (Tables)
 12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
We determined the fair value of the identifiable assets acquired and liabilities assumed based upon estimates and assumptions made by management and developed with the assistance of third-party advisers, with any consideration paid in excess of the fair value of the net assets being attributed to goodwill.
Purchase Price Allocation (in thousands)
Consideration:
 
 
Cash paid to Seller
 
$
210,445

Fair value of equity issued to Seller
 
15,325

Total consideration
 
$
225,770

 
 
 
Allocation of purchase price
 
 
Working capital, net
 
$
1,530

Property and equipment
 
64,204

Intangible assets
 
126,066

Goodwill
 
33,970

Total purchase price
 
$
225,770
Pro Forma Financial Information
The following table presents unaudited pro forma consolidated financial information as if the closing of our acquisition of Casper had occurred on January 1, 2014:
 
 
For the Year Ended December 31,
 
 
2015
 
2014
 
 
(in thousands except per unit amounts)
Total revenues
 
$
112,325

 
$
44,536

Operating income
 
$
30,997

 
$
1,682

Net income (loss)
 
$
21,310

 
$
(12,043
)
Earnings (loss) per common unit (basic and diluted)
 
$
0.93

 
$
(0.52
)