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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2019
ACQUISITIONS  
Schedule of pro forma financial information

 

 

 

 

 

 

Year Ended December 31, 

 

 

(unaudited)

(In millions, except per share amounts)

    

2018

Pro forma revenue

 

$
1,747.4

Pro forma net loss

 

$
(5.7)

Pro forma net loss per common share:

 

 

  

Basic

 

$

(0.09)

Diluted

 

$

(0.09)

 

Acquisition 2018  
ACQUISITIONS  
Summary of the allocation of the purchase price paid to the fair values of the net assets

The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2018 acquisitions (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(all amounts in U.S. dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leavitt's

 

Builders

 

Kelsey Trail

 

Aveda

Accounts receivable

 

$

1.9

 

$

8.4

 

$

2.3

 

$

37.3

Parts supplies

 

 

0.1

 

 

0.3

 

 

 —

 

 

 —

Prepaid and other current assets

 

 

0.4

 

 

1.5

 

 

0.4

 

 

2.5

Property and equipment

 

 

8.5

 

 

29.4

 

 

9.2

 

 

89.8

Goodwill

 

 

5.1

 

 

14.7

 

 

3.3

 

 

7.7

Intangible assets

 

 

3.6

 

 

10.6

 

 

1.5

 

 

15.0

Other long-term assets

 

 

 —

 

 

0.5

 

 

 —

 

 

 —

Deferred tax liability

 

 

 —

 

 

(9.2)

 

 

(2.7)

 

 

(6.7)

Accounts payable and other liabilities

 

 

(4.9)

 

 

(19.9)

 

 

(8.0)

 

 

(30.0)

Total

 

$

14.7

 

$

36.3

 

$

6.0

 

$

115.6

 

Acquisition 2017  
ACQUISITIONS  
Summary of the allocation of the purchase price paid to the fair values of the net assets

The following is a summary of the allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2017 acquisitions (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(all amounts in U.S. dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tennessee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Moore

 

Roadmaster

 

Steel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Belmont

 

Freight

 

Group

 

Haulers

 

R&R

 

Steelman

 

Schilli

 

Big Freight

Accounts receivable

 

$

0.2

 

$

4.5

 

$

9.8

 

$

20.2

 

$

5.1

 

$

4.4

 

$

8.6

 

$

4.9

Parts supplies

 

 

 —

 

 

0.3

 

 

0.2

 

 

 —

 

 

0.1

 

 

0.1

 

 

1.7

 

 

0.2

Prepaid and other current assets

 

 

0.1

 

 

0.3

 

 

1.1

 

 

5.9

 

 

1.5

 

 

2.3

 

 

2.5

 

 

0.3

Property and equipment

 

 

1.6

 

 

22.0

 

 

36.8

 

 

8.7

 

 

16.9

 

 

11.1

 

 

39.9

 

 

11.5

Goodwill

 

 

2.4

 

 

17.3

 

 

51.7

 

 

34.6

 

 

15.7

 

 

9.7

 

 

11.1

 

 

7.7

Intangible assets

 

 

1.8

 

 

30.4

 

 

22.9

 

 

49.9

 

 

11.0

 

 

6.6

 

 

6.0

 

 

4.2

Other long-term assets

 

 

 —

 

 

0.1

 

 

0.7

 

 

19.0

 

 

0.2

 

 

5.0

 

 

0.9

 

 

0.1

Deferred tax liability

 

 

(1.3)

 

 

(13.8)

 

 

(10.0)

 

 

(32.6)

 

 

(8.9)

 

 

(4.8)

 

 

(15.4)

 

 

(4.8)

Accounts payable and other liabilities

 

 

(0.3)

 

 

(1.9)

 

 

(26.8)

 

 

(14.0)

 

 

(3.4)

 

 

(15.6)

 

 

(27.9)

 

 

(6.3)

Total

 

$

4.5

 

$

59.2

 

$

86.4

 

$

91.7

 

$

38.2

 

$

18.8

 

$

27.4

 

$

17.8