Subsequent Events

3 Months Ended

Sep. 26, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Effective September 29, 2014, the Company acquired all of the outstanding stock of NOVA Training Inc. and all of the outstanding membership interests of NOVA Earthworks, LLC (collectively "NOVA") based in Midland, Texas. NOVA provides safety training and environmental services as well as oil spill response, remediation and general oil field construction services to customers in the oil and gas industry. The initial purchase price consisted of (i) a cash payment of $7,200 payable at closing, (ii) a second cash payment of $2,598, of which $508 is payable in six months and the remaining $2,090 is due in 18 months subject to withholding for various contractual issues, (iii) 50 shares of the Company's common stock valued at $300 on the closing date, and (iv) is subject to a net working capital adjustment. The sellers are also entitled to up to $1,500 in contingent cash consideration through an earn-out provision based on NSR performance of the acquired firm over the 24 month period following closing. NOVA is being integrated into the Company's Environmental operating segment. Due to the limited time since the closing of the NOVA acquisition, the related acquisition accounting is currently incomplete. As a result, the Company is unable to provide amounts recognized as of the acquisition date for major classes of assets and liabilities acquired and resulting from the transaction. The impact of this acquisition is not expected to be material to the Company's condensed consolidated balance sheets and results of operations.