Business Combinations (Tables)

9 Months Ended

Sep. 30, 2018

Business combinations

Schedule of pro forma results

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenue	$	908,902	$	849,084	$	2,388,020	$	2,218,392
Income before provision for income taxes	$	45,521	$	3,487	$	61,709	$	68,254
Net income attributable to Primoris	$	32,691	$	3,438	$	40,676	$	41,774
Weighted average common shares outstanding:
Basic		51,403		51,441		51,471		51,491
Diluted		51,735		51,707		51,760		51,751
Earnings per share:
Basic	$	0.64	$	0.07	$	0.79	$	0.81
Diluted	$	0.63	$	0.07	$	0.79	$	0.81

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		17,914
Property, plant and equipment		31,286
Intangible assets:
Customer relationships		47,500
Non-compete agreements		1,600
Tradename		200
Deferred income taxes		27,014
Other non-current assets		2,261
Accounts payable and accrued liabilities		(116,321)
Contract liabilities		(61,004)
Other non-current liabilities		(27,657)
Total identifiable net assets		110,002
Goodwill		54,756
Total purchase consideration	$	164,758