v3.26.1
BUSINESS COMBINATIONS (Tables)
3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Schedule of purchase price allocation

(Dollars in thousands)

Amounts

Cash paid

$

5,000

Fair value of previously held equity interest

5,000

Total Purchase Consideration

10,000

Fair value of identifiable assets acquired and liabilities assumed:

Cash and cash equivalents

507

Other tangible assets

5,786

Other tangible liabilities

(3,917)

Total fair value of identifiable net assets acquired

2,376

Goodwill initially recognized(1)(2)

$

7,624

______________

(1)Goodwill is primarily attributable to the assembled workforce of TUKA and brand recognition of TIL.
(2)For segment reporting purposes, goodwill is included in the Crude Tankers reportable segment.