Business Combinations (Tables)

6 Months Ended

Jun. 30, 2018

Business combinations

Schedule of pro forma results

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenue	$	774,018	$	869,039	$	1,479,118	$	1,610,081
Income before provision for income taxes	$	14,641	$	37,156	$	15,447	$	35,426
Net income attributable to Primoris	$	9,371	$	21,896	$	7,451	$	20,732
Weighted average common shares outstanding:
Basic		51,531		51,437		51,505		51,515
Diluted		51,793		51,688		51,770		51,771
Earnings per share:
Basic	$	0.18	$	0.43	$	0.14	$	0.40
Diluted	$	0.18	$	0.42	$	0.14	$	0.40

Willbros Group, Inc

Business combinations

Summary of the fair value of assets acquired and the liabilities assumed

Purchase consideration (in thousands)
Total purchase consideration	$	164,758
Less cash and restricted cash acquired		(53,728)
Net cash paid		111,030

Preliminary identifiable assets acquired and liabilities assumed (in thousands)
Cash and restricted cash	$	53,728
Accounts receivable		102,719
Contract assets		30,762
Other current assets		18,767
Property, plant and equipment		33,171
Intangible assets:
Customer relationships		52,650
Non-compete agreements		1,600
Tradename		200
Deferred income taxes		22,466
Other non-current assets		2,261
Accounts payable and accrued liabilities		(117,736)
Contract liabilities		(44,258)
Other non-current liabilities		(35,269)
Total identifiable net assets		121,061
Goodwill		43,697
Total purchase consideration	$	164,758