ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Combination Consideration Transferred

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
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

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,
	2016
	(unaudited)
Revenues	$	1,240,466
Income (loss) from continuing operations attributable to Team shareholders	$	(7,497	)
Earnings (loss) per share from continuing operations:
Basic	$	(0.25	)
Diluted	$	(0.25	)