Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed

This allocation requires a significant use of estimates and is based on information that was available to management at the time these consolidated financial statements were prepared (in thousands).

 

     2016  

Consideration:

  

Value of Quanta common stock issued

   $ 1,508  

Cash paid or payable

     75,941  

Contingent consideration

     18,683  
  

 

 

 

Fair value of total consideration transferred or estimated to be transferred

   $ 96,132  
  

 

 

 

Current assets

   $ 24,233  

Property and equipment

     44,863  

Other assets

     2,553  

Identifiable intangible assets

     11,467  

Current liabilities

     (12,477

Deferred tax liabilities, net

     (13,708

Other long-term liabilities

     (5,326
  

 

 

 

Total identifiable net assets

     51,605  

Goodwill

     44,527  
  

 

 

 
   $ 96,132  
  

 

 

 
Unaudited Supplemental Pro Forma Results of Operations

Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts):

 

     Three Months Ended
March 31, 2016
 

Revenues

   $ 1,730,177  

Gross profit

   $ 205,205  

Selling, general and administrative expenses

   $ 160,230  

Amortization of intangible assets

   $ 7,824  

Net income

   $ 20,757  

Net income attributable to common stock

   $ 20,394  

Earnings per share attributable to common stock — basic and diluted

   $ 0.13