General (Tables)

3 Months Ended

Mar. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business acquisition, pro forma information

The Schultz acquisition made the following contribution to the Company’s revenues and profits (in thousands):

	Quarter Ended March 31, 2015
Revenues	$	517
Net loss	(7		)

The following unaudited pro forma summary presents combined information of the Company as if the Schultz acquisition had occurred at the beginning of the year preceding its acquisition (in thousands):

	Quarter Ended March 31, 2014
Revenues	$	308,069
Net income (1)	4,433

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⁽¹⁾  Includes pro-forma adjustments for purchase price depreciation and amortization as if those intangibles were recorded at the beginning of the year preceding the acquisition date.

Schedule of fair value of assets acquired and liabilities assumed

The following table summarizes the preliminary fair value of identified assets and liabilities of the Schultz acquisition at its acquisition date (in thousands):

Cash	$	218
Receivables and cost and estimated earnings in excess of billings	1,100
Prepaid expenses and other current assets	22
Property, plant and equipment	162
Identified intangible assets	3,060
Accounts payable, accrued expenses and billings in excess of cost and estimated earnings	(453		)
Total identifiable net assets	$	4,109
Total consideration recorded	$	7,697
Less: total identifiable net assets	4,109
Goodwill at March 31, 2015	$	3,588