ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Business Combination Consideration Transferred

$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
Property, plant and equipment	63,259
Intangible assets	88,958
Goodwill	89,646
Other non-current assets	687
Non-current deferred tax assets	2,542
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

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



	July 7, 2015
Cash and cash equivalents	$	3,981
Accounts receivable	21,495
Current deferred tax assets	279
Prepaid expenses	1,049
Plant, property and equipment	15,472
Intangible assets	78,100
Goodwill	148,482
Other assets	138
Total assets acquired	268,996

Accounts payable	2,892
Other accrued liabilities	7,581
Non-current deferred tax liability	2,982
Total liabilities assumed	13,455
Net assets acquired	$	255,541

Summary of Pro Forma Consolidated Results of Operations

Our unaudited pro forma consolidated results of operations are shown below as if the acquisition of Furmanite had occurred on June 1, 2015. These results are not necessarily indicative of the results that would actually have occurred if the acquisition had taken place at June 1, 2015, nor are they necessarily indicative of future results (in thousands, except per share data).



	Pro forma data
	Year Ended December 31,			Seven Months Ended December 31,
	2016			2015
	(unaudited)			(unaudited)
Revenues	$	1,240,466		$	787,914
Income (loss) from continuing operations attributable to Team shareholders	$	(7,497	)	$	15,979
Earnings (loss) per share from continuing operations:
Basic	$	(0.25	)	$	0.55
Diluted	$	(0.25	)	$	0.54

Our unaudited pro forma consolidated results of operations are shown below as if the acquisition of Qualspec had occurred at June 1, 2014. These results are not necessarily indicative of the results which would actually have occurred if the acquisition had taken place at June 1, 2014, nor are they necessarily indicative of future results (in thousands, except per share data).



	Pro forma data
	Seven Months Ended December 31,		Year Ended May 31,
	2015		2015
	(unaudited)		(unaudited)
Revenues	$	589,553	$	1,011,829
Income from continuing operations attributable to Team shareholders	$	9,215	$	41,597
Earnings per share from continuing operations:
Basic	$	0.44	$	2.03
Diluted	$	0.43	$	1.92