Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Consideration Transferred to Acquire Businesses and Amounts of Identifiable Assets Acquired, Liabilities Assumed and Noncontrolling Interests

The following table summarizes the consideration transferred to acquire these businesses and the amounts of identifiable assets acquired and liabilities assumed at the acquisition date for acquisitions consummated in the years ended December 31, 2016, 2015 and 2014: 

	2016 Acquisitions		2015 Acquisitions		2014 Acquisitions
Fair value of consideration transferred:
Cash	$	17,131	$	230,517	$	126,181
Debt assumed		-		111,324		-
Notes issued to sellers		-		6,091		-
		17,131		347,932		126,181
Recognized amounts of identifiable assets acquired and liabilities assumed associated with businesses acquired:
Accounts receivable		833		12,571		3,785
Prepaid expenses and other current assets		477		1,440		111
Property and equipment		4,735		208,363		140,412
Long-term franchise agreements and contracts		-		16,462		369
Indefinite-lived intangibles		-		1,256		-
Customer lists		8,508		12,504		9,420
Permits		-		37,071		-
Other long-term assets		261		2,738		-
Accounts payable and accrued liabilities		(2,867)		(9,337)		(1,749)
Deferred revenue		(659)		(5,056)		(427)
Contingent consideration		(977)		(815)		(42,538)
Other long-term liabilities		-		(19,998)		(1,980)
Deferred income taxes		-		(50,089)		-
Total identifiable net assets		10,311		207,110		107,403
Goodwill	$	6,820	$	140,822	$	18,778

Pro Forma Results of Operations

The following pro forma results of operations assume that the Company’s acquisition of Progressive Waste and its other acquisitions that were collectively insignificant, occurring during the year ended December 31, 2016 and 2015, were acquired as of January 1, 2015 (unaudited):

	Years Ended December 31,
	2016		2015
Total revenue	$	4,184,871	$	4,115,433
Net income		350,228		8,643
Basic income per share		2.00		0.05
Diluted income per share		1.99		0.05

Progressive Waste Solutions Ltd. [Member]

Summary of Consideration Transferred to Acquire Businesses and Amounts of Identifiable Assets Acquired, Liabilities Assumed and Noncontrolling Interests

The following table summarizes the consideration transferred to acquire Progressive Waste and the preliminary amounts of identifiable assets acquired and liabilities assumed:

Fair value of consideration transferred:
Shares issued	$	3,503,162
Debt assumed		1,729,274
		5,232,436
Less: cash acquired		(65,768)
Net fair value of consideration transferred		5,166,668
Recognized amounts of identifiable assets acquired and liabilities assumed associated with the business acquired:
Accounts receivable		231,709
Prepaid expenses and other current assets		28,623
Restricted assets		16,551
Property and equipment		2,078,350
Contracts		223,885
Customer lists		191,679
Other intangibles		218,499
Other long-term assets		4,491
Accounts payable and accrued liabilities		(264,992)
Deferred revenue		(35,635)
Contingent consideration		(19,412)
Other long-term liabilities		(185,774)
Deferred income taxes		(329,552)
Total identifiable net assets		2,158,422
Goodwill	$	3,008,246