BUSINESS COMBINATION (Tables)

6 Months Ended

Jun. 30, 2016

BUSINESS COMBINATION

Schedule of total consideration paid for the Horizon Acquisition on effective date of May 29, 2015

(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 estimated fair values assigned to Horizon's assets acquired and liabilities assumed as a result of the Horizon Acquisition as of June 30, 2016

Purchase Price Allocation (in millions)	Total
Cash and cash equivalents	$	0.8
Accounts receivable		31.7
Other current assets		7.2
Deferred tax assets, net		46.3
Property and equipment		170.4
Intangibles – Customer relationships		140.0
Other long-term assets		4.1
Accounts payable		(22.8)
Accruals and other current liabilities		(31.4)
Multi-employer withdrawal liability		(65.5)
Capital lease obligations		(1.6)
Horizon’s debt and warrants		(467.5)
Total identifiable assets less liabilities		(188.3)
Total cash paid for common shares		(29.4)
Goodwill	$	217.7

Schedule of pro forma financial information

	(Unaudited)		(Unaudited)
	Three Months Ended		Six Months Ended
	June 30,		June 30,
(in millions, except per-share amount)	2015		2015
Pro Forma Combined:
Operating revenue	$	507.2	$	980.6
Net income	$	7.6	$	25.1
Basic Earnings Per-Share:	$	0.17	$	0.58
Diluted Earnings Per-Share:	$	0.17	$	0.57
Weighted-Average Number of Shares Outstanding:
Basic		43.5		43.4
Diluted		44.0		43.9