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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2013
Business Combinations  
Summary of the cash paid for acquisitions

 

 

 

 

Nine Months ended September 30,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Sprint — Purchased March 12, 2012

 

$

 

$

21,197

 

Silva — purchased May 30, 2012

 

 

13,934

 

Saxon — purchased September 28, 2012

 

 

2,979

 

FSSI — purchased March 11, 2013

 

1,675

 

 

Additional cash paid August 2013 — Q3C — purchased November 17, 2012

 

598

 

 

 

 

$

2,273

 

$

38,110

 

Schedule of pro forma results

 

 

 

 

Three months
ended September 30,

 

Nine months
ended September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

551,333

 

476,570

 

1,409,140

 

1,192,167

 

Income before provision for income taxes

 

37,268

 

31,967

 

79,283

 

65,395

 

Net income attributable to Primoris

 

21,845

 

19,379

 

47,109

 

39,848

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

51,568

 

51,427

 

51,530

 

51,433

 

Diluted

 

51,671

 

51,433

 

51,594

 

51,448

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.42

 

$

0.38

 

$

0.91

 

$

0.77

 

Diluted

 

$

0.42

 

$

0.38

 

$

0.91

 

$

0.77