BUSINESS COMBINATION (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of pro forma financial information

		(Unaudited)				(Unaudited)
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in millions, except per-share amount)	2016		2015		2016		2015
Pro Forma Combined:
Operating revenue	$	507.0	$	559.1	$	1,457.5	$	1,569.5
Net income	$	28.2	$	38.3	$	67.7	$	68.9
Basic Earnings Per-Share:	$	0.66	$	0.88	$	1.57	$	1.58
Diluted Earnings Per-Share:	$	0.66	$	0.87	$	1.56	$	1.57
Weighted-Average Number of Shares Outstanding:
Basic		42.8		43.5		43.1		43.5
Diluted		43.2		44.0		43.5		44.0

Span Alaska

Schedule of total consideration paid for the membership interests in Span Alaska

(in millions)	Total Consideration
Membership interests in Span Alaska	$	117.2
Span Alaska’s debt (including accrued interest)		81.9
Total	$	199.1

Summary of estimated fair values assigned to Span Alaska’s assets acquired and liabilities assumed

Purchase Price Allocation (in millions)	Total
Cash and cash equivalents	$	4.4
Accounts receivable		11.1
Other current and long-term assets		1.0
Property and equipment		8.1
Intangibles – Customer relationships		79.0
Intangibles – Trade name		27.3
Accounts payable		(3.3)
Accruals and other current liabilities		(6.3)
Capital lease obligations		(1.2)
Span Alaska’s debt		(81.9)
Total identifiable assets less liabilities		38.2
Total consideration for membership interests in Span Alaska		(117.2)
Goodwill	$	79.0