BUSINESS COMBINATIONS (Tables)

3 Months Ended

Apr. 03, 2020

E3, Inc.

Schedule of consideration for the acquisition

	E3, Inc.
		(in thousands)
Cash paid	$	25,217
Other working capital adjustment		1,973
Issuance of common stock		5,000
Contingent Consideration		7,000
Total consideration	$	39,190

Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date

	E3, Inc.
		(in thousands)
Current assets	$	5,316
Non-current assets (1)		341
Cash		2,264
Equipment and leasehold improvements, net		409
Right-of-use assets		7,641
Current lease liability		(750)
Non-current lease liability		(6,890)
Liabilities		(4,325)
Backlog		2,500
Customer relationships		8,300
Tradename		2,000
Non-compete		900
Goodwill		21,484
Net assets acquired	$	39,190

(1) Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, backlog and goodwill.

Onsite Energy Corporation

Schedule of consideration for the acquisition

	Onsite Energy
		(in thousands)
Cash paid	$	24,411
Other working capital adjustment		494
Total consideration	$	24,905

Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date

	Onsite Energy
		(in thousands)
Current assets	$	19,387
Non-current assets (1)		10
Equipment and leasehold improvements, net		39
Right-of-use assets		828
Current lease liability		(168)
Non-current lease liability		(660)
Liabilities		(12,222)
Backlog		800
Customer relationships		7,374
Tradename		500
Goodwill		9,017
Net assets acquired	$	24,905

(1) Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, backlog and goodwill.

The Weidt Group

Schedule of consideration for the acquisition

	The Weidt Group
		(in thousands)
Cash paid	$	22,136
Other working capital adjustment		-
Total consideration	$	22,136

Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date

	The Weidt Group
		(in thousands)
Current assets	$	2,317
Non-current assets (1)		25
Equipment and leasehold improvements, net		198
Right-of-use assets		1,730
Current lease liability		(245)
Non-current lease liability		(1,533)
Liabilities		(612)
Backlog		750
Customer relationships		4,240
Tradename		550
Developed technology		3,170
Goodwill		11,546
Net assets acquired	$	22,136

(1) Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, developed technology, backlog and goodwill.

Lime Energy

Schedule of unaudited pro forma financial information

	Three Months Ended
	April 3,		March 29,
	2020		2019
	(in thousands, except per share data)
Pro forma revenue	$	106,026	$	102,399
Pro forma income (loss) from operations	$	(8,269)	$	1,853
Pro forma net income (loss) (1)	$	(8,154)	$	231
Earnings (Loss) per share:
Basic	$	(0.71)	$	0.02
Diluted	$	(0.71)	$	0.02
Weighted average shares outstanding:
Basic		11,510		11,189
Diluted		11,510		11,189

(1) Adjustments to pro forma net income include income from operations, amortization and interest expenses.