BUSINESS COMBINATION (Tables)

9 Months Ended

Sep. 30, 2015

BUSINESS COMBINATION

Schedule of total consideration paid

(in millions)	Total Consideration
Common shares	$	29.4
Warrants	37.1
Horizon’s debt (including accrued interest and breakage fees)	428.9
Total	$	495.4

Summary of fair value of assets acquired and liabilities assumed at the acquisition date with purchase price allocation adjustments

	Purchase Price Allocation
(in millions)	As Previously  Reported in 10-Q			Adjustments			As Retrospectively  Adjusted
Cash and cash equivalents	$	0.8		$	—		$	0.8
Accounts receivable	31.7			—			31.7
Other current assets	7.1			0.1			7.2
Deferred tax assets, net	38.9			—			38.9
Property and equipment	171.0			(0.6		)	170.4
Intangibles - Customer relationships	140.0			—			140.0
Other long-term assets	5.0			(0.9		)	4.1
Accounts payable	(23.2		)	0.4			(22.8		)
Accruals and other current liabilities	(32.1		)	—			(32.1		)
Multi-employer withdrawal liabilities	(60.6		)	—			(60.6		)
Capital lease obligations	(1.4		)	(0.2		)	(1.6		)
Horizon’s debt and warrants	(467.5		)	—			(467.5		)
Total identifiable assets less liabilities	(190.3		)	(1.2		)	(191.5		)
Total cash paid for common shares	(29.4		)	—			(29.4		)
Goodwill	$	219.7		$	1.2		$	220.9

Schedule of annual cash outflows related to the multi-employer pension plan

Estimated annual cash outflows related to the multi-employer pension plan as of September 30, 2015 are as follows (in millions):

Years ending September 30:	Repayments (in millions)
2016	$	4.1
2017	4.1
2018	4.1
2019	4.1
2020	4.1
Thereafter	53.4
Total	$	73.9

Schedule of pro forma financial information

	(unaudited)				(unaudited)
	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions, except per-share amount)	2015		2014		2015		2014
Pro forma combined:
Operating Revenue	$	544.3	$	535.8	$	1,524.9	$	1,529.9
Net income from continuing operations	$	36.6	$	20.4	$	64.4	$	20.5
Basic Earnings per share:	$	0.84	$	0.47	$	1.48	$	0.48
Diluted Earnings per share:	$	0.83	$	0.47	$	1.46	$	0.47
Weighted Average Number of Shares Outstanding:
Basic	43.5		43.0		43.5		43.0
Diluted	44.0		43.4		44.0		43.3