|6 Months Ended|
Jun. 30, 2018
|Subsequent Events [Abstract]|
Subsequent to June 30, 2018, Quanta acquired a 30% equity interest in a water and gas pipeline infrastructure contractor located in Australia for a subscription price of $22.2 million in cash, with an option to acquire the remaining outstanding equity of the company through 2020. A portion of the subscription price was offset by a $3.7 million deposit previously paid by Quanta to the company. Quanta’s interest in the company is represented by preference shares, which grant Quanta certain additional earnings and distribution participation rights during a designated 25-month period and preferential liquidation rights.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef