Acquisitions (Tables)

12 Months Ended

Sep. 30, 2016

Acquisitions

Schedule of pro forma consolidated revenue and net income

Unaudited (in thousands)	2014		2015		2016
Pro forma revenue	$	835,864	$	1,061,072	$	1,096,658
Pro forma net income	$	20,409	$	145,291	$	65,049

Schedule of activity of non-controlling interest

	(in thousands)
Estimated fair value as of acquisition date	$	13,252
Net income attributable to non-controlling interest		774
Dividends paid to non-controlling interest		(950)
Adjustment of estimated redemption value		176
Balance as of September 30, 2014		13,252
Net income attributable to non-controlling interest		869
Dividends paid to non-controlling interest		(1,690)
Balance as of September 30, 2015		12,431
Net income attributable to non-controlling interest		1,667
Dividends paid to non-controlling interest		(735)
Balance as of September 30, 2016	$	13,363

Entegra

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	8,261
Current liabilities		(3,422)
Property, plant and equipment		10,589
Intangible assets:
Customer relationships (15 year life)		20,600
Trade name (indefinite life)		6,600
Goodwill		28,156
Net assets acquired		70,784
Less redeemable non-controlling interest		(13,252)
Net assets attributable to Headwaters	$	57,532

Gerard

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	9,236
Current liabilities		(1,691)
Property, plant and equipment		8,314
Intangible assets:
Customer relationships (15 year life)		4,000
Trade name (indefinite life)		3,900
Goodwill		7,719
Long-term liabilities		(3,906)
Net assets acquired	$	27,572

Roofing Businesses

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	7,402
Current liabilities		(1,455)
Property, plant and equipment		3,138
Intangible assets:
Customer relationships (12 year life)		8,040
Trade names (indefinite life)		5,565
Intellectual property (15 year life)		10,102
Goodwill		27,218
Long-term liabilities		(3,015)
Net assets acquired	$	56,995

SynMat

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	3,965
Current liabilities		(1,491)
Property, plant and equipment		3,710
Intangible assets:
Contracts (20-year life)		15,220
Customer relationships (15 year life)		2,560
Trade names (indefinite life)		4,790
Goodwill		4,414
Net assets acquired	$	33,168

Krestmark Industries

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	20,731
Current liabilities		(3,884)
Property, plant and equipment		5,597
Intangible assets:
Customer relationships (20 year life)		107,500
Trade name (indefinite life)		36,600
Non-competition agreements (7 year life)		2,350
Goodwill		66,539
Net assets acquired	$	235,433