Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed as of the acquisition date of the acquisitions summarized above (the "2016 acquisitions") based on the purchase price during the year ended December 31, 2016 (in thousands):



	Year Ended December 31, 2016
Assets acquired:
Cash	$	308
Accounts receivable	131,282
Other receivables	15,184
Inventories	83,198
Prepaids and other current assets	4,286
Property and equipment	63,894
Goodwill	150,583
Intangible assets	96,030
Other assets	168
Deferred tax asset	—
Total assets acquired	544,933
Liabilities assumed:
Accounts payable	(82,663		)
Accrued expenses and other current liabilities	(17,141		)
Deferred income taxes	(29,545		)
Long-term liabilities	(13,357		)
Total liabilities assumed	(142,706		)
Total net assets acquired	$	402,227

The following table summarizes, on an aggregate basis, the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date for the acquisitions summarized above ("2017 acquisitions") (in thousands):



	Year Ended December 31, 2017
Assets acquired:
Cash	$	1,593
Accounts receivable	19,719
Other receivables	1,457
Inventories	10,907
Prepaid and other current assets	300
Property and equipment	9,096
Goodwill	26,661
Intangible assets	20,173
Other assets	76
Total assets acquired:	89,982
Liabilities assumed:
Accounts payable	(9,067		)
Accrued expenses and other current liabilities	(1,361		)
Long-term liabilities	—
Total liabilities assumed	(10,428		)
Total net assets acquired	$	79,554

Business Acquisition, Pro Forma Information

he pro forma results are presented for illustrative purposes only and are not necessarily indicative of, or intended to represent, the results that would have been achieved had the various acquisitions been completed on the dates indicated. For example, the pro forma results do not reflect any operating efficiencies and associated cost savings that the Company might have achieved with respect to the acquisitions (in thousands, except per share data).



	Year Ended December 31, 2016
	(Unaudited)
Net sales	$	1,925,059
Net loss	$	(12,843	)
Net loss per share⁽¹⁾:
Basic	$	(0.43	)
Diluted	$	(0.43	)

⁽¹⁾The pro forma loss per share data for the year ended December 31, 2016 is based on the Company's historical statement of operations after giving effect to the following as if they occurred at the beginning of the period: (1) a reorganization consolidating all entities under a new parent entity (Foundation Building Materials, Inc.); and (2) a 29,974.239 to 1 stock split with respect to the common stock of Foundation Building Materials, Inc. that occurred subsequent to December 31, 2016.