Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Based upon the purchase price and the valuation of Bit-isle, the purchase price allocation was as follows (in thousands):



Cash and cash equivalent	$	33,198
Accounts receivable	7,359
Other current assets	51,038
Long-term investments	3,806
Property, plant and equipment	308,985
Goodwill	95,444
Intangible assets	111,374
Other assets	22,981
Total assets acquired	634,185
Accounts payable and accrued expenses	(15,028		)
Accrued property, plant and equipment	(465		)
Capital lease and other financing obligations	(108,833		)
Mortgage and loans payable	(190,227		)
Other current liabilities	(8,689		)
Deferred tax liabilities	(32,192		)
Other liabilities	(3,384		)
Net assets acquired	$	275,367

As of the acquisition date, the preliminary allocation of the purchase price is as follows (in thousands):



Cash and cash equivalents	$	73,368
Accounts receivable	20,022
Other current assets	39,929
Property, plant and equipment	1,249,374
Goodwill	2,745,913
Intangible assets	861,817
Deferred tax assets	568
Other assets	4,123
Total assets acquired	4,995,114
Accounts payable and accrued expenses	(163,490		)
Accrued property, plant and equipment	(3,634		)
Capital lease and other financing obligations	(263,894		)
Mortgage and loans payable	(592,304		)
Other current liabilities	(33,730		)
Deferred tax liabilities	(156,667		)
Other liabilities	(36,509		)
Net assets acquired	$	3,744,886

Acquired Identifiable Intangible Assets

The following table presents certain information on the acquired identifiable intangible assets (dollars in thousands):



Intangible assets	Fair value		Estimated useful lives (years)	Weighted-average estimated useful lives (years)
Customer relationships	$	105,434	13	13
Trade name	3,455		2	2
Favorable solar contracts	2,410		18	18
Other intangible assets	75		0.25	0.25

The following table presents certain information on the acquired intangible assets (dollars in thousands):



Intangible assets	Fair value		Estimated useful lives (years)	Weighted-average estimated useful lives (years)
Customer relationships	$	764,550	13.5	13.5
Trade names	72,033		1.5	1.5
Favorable leases	25,234		2.4 - 33.0	13.6

Unaudited Pro Forma Combined Consolidated Statements of Operations

The following table sets forth the unaudited pro forma consolidated combined results of operations for the three months ended March 31, 2015 (in thousands):



	Three months ended March 31,
	2015
Revenues	$	778,536
Net income from continuing operations	50,960
Basic EPS	0.80
Diluted EPS	0.80