ACQUISITIONS (Tables) - Furmanite Corporation

9 Months Ended

Sep. 30, 2017

The acquisition-date fair value of the consideration transferred totaled $282.3 million, which consisted of the following (in thousands, except shares):



	February 29, 2016

Common stock (8,208,006 shares)	$	209,529
Converted share-based payment awards	2,001
Cash	70,811
Total consideration	$	282,341

Summary of Purchase Price Allocation

The following table presents the purchase price allocation for Furmanite (in thousands):



	February 29, 2016

Cash and cash equivalents	$	37,734
Accounts receivable	65,925
Inventory	25,847
Current deferred tax assets	19,857
Prepaid expenses and other current assets	23,044
Current assets of discontinued operations	18,623
Plant, property and equipment	63,259
Intangible assets	88,958
Goodwill	89,646
Non-current deferred tax assets	2,542
Other non-current assets	687
Total assets acquired	436,122

Accounts payable	12,359
Other accrued liabilities	33,127
Income taxes payable	229
Current liabilities of discontinued operations	1,434
Non-current deferred tax liabilities	91,431
Defined benefit pension liability	13,509
Other long-term liabilities	1,692
Total liabilities assumed	153,781
Net assets acquired	$	282,341

Summary of Pro Forma Consolidated Statement of Operations

Our unaudited pro forma consolidated results of operations are shown below as if the acquisition of Furmanite had occurred at the beginning of fiscal year 2015. These results are not necessarily indicative of the results which would actually have occurred if the acquisition had taken place at the beginning of fiscal year 2015, nor are they necessarily indicative of future results (in thousands, except per share data).



	Pro forma data
	Nine Months Ended September 30,
	2016
	(unaudited)
Revenues	$	920,641
Loss from continuing operations	$	(841	)
Loss per share from continuing operations:
Basic	$	(0.03	)
Diluted	$	(0.03	)