General (Tables)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of contribution to revenues and profits and pro forma

Underground Solutions, Fyfe Europe, LMJ and Schultz made the following contributions to the Company’s revenues and profits (in thousands):



	Quarter Ended June 30, 2016												Quarter Ended June 30, 2015
	Underground Solutions⁽¹⁾			Fyfe Europe			LMJ			Schultz⁽²⁾			Schultz⁽³⁾
Revenues	$	10,977		$	8		$	1,333		$	5,611		$	3,970
Net loss	(1,638		)	(98		)	(87		)	(59		)	(19		)

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⁽¹⁾	The reported net loss for Underground Solutions for the quarter ended June 30, 2016 includes inventory step up expense of $2.4 million, recognized as part of the accounting for business combinations, and an allocation of corporate expenses of $1.3 million.


⁽²⁾	The reported net loss for Schultz for the quarter ended June 30, 2016 includes an allocation of corporate expenses of $0.3 million.


⁽³⁾	The reported net loss for Schultz for the quarter ended June 30, 2015 includes an allocation of corporate expenses of $0.2 million.



	Six Months Ended June 30, 2016												Six Months Ended June 30, 2015
	Underground Solutions⁽¹⁾			Fyfe Europe			LMJ			Schultz⁽²⁾			Schultz⁽³⁾
Revenues	$	15,643		$	8		$	1,333		$	10,321		$	4,487
Net loss	(1,762		)	(98		)	(87		)	(400		)	(26		)

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⁽¹⁾	The reported net loss for Underground Solutions for the six months ended June 30, 2016 includes inventory step up expense of $3.6 million, recognized as part of the accounting for business combinations, and an allocation of corporate expenses of $1.3 million.


⁽²⁾	The reported net loss for Schultz for the six months ended June 30, 2016 includes charges related to the 2016 Restructuring of $0.2 million and an allocation of corporate expenses of $0.3 million.


⁽³⁾	The reported net loss for Schultz for the six months ended June 30, 2015 includes an allocation of corporate expenses of $0.2 million.

The following unaudited pro forma summary presents combined information of the Company as if the Underground Solutions, Fyfe Europe, LMJ and Schultz acquisitions had occurred at the beginning of the year preceding their acquisition (in thousands, except earnings (loss) per share):



	Quarters Ended June 30,				Six Months Ended June 30,
	2016		2015		2016			2015
Revenues	$	299,165	$	350,953	$	599,059		$	668,068
Net income (loss) attributable to Aegion Corporation ⁽¹⁾	3,458		9,665		(196		)	10,266
Earnings (loss) per share	$	0.10	$	0.26	$	(0.01	)	$	0.28

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⁽¹⁾	Includes pro-forma adjustments for depreciation and amortization associated with acquired tangible and intangible assets, as if those assets 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 fair value of identified assets and liabilities of the Underground Solutions, Fyfe Europe, LMJ and Schultz acquisitions at their respective acquisition dates (in thousands):



	Underground Solutions			Fyfe Europe		LMJ		Schultz
Cash	$	3,630		$	—	$	—	$	—
Receivables and cost and estimated earnings in excess of billings	6,339			—		—		1,086
Inventories	12,629			—		504		—
Prepaid expenses and other current assets	587			—		—		19
Property, plant and equipment	2,755			50		1,194		162
Identified intangible assets	33,740			513		795		3,060
Deferred income tax assets	12,967			—		—		—
Other assets	29			—		—		—
Accounts payable	(4,653		)	—		—		(663		)
Accrued expenses	(5,274		)	—		—		—
Billings in excess of cost and estimated earnings	(2,943		)	—		—		—
Deferred income tax liabilities	(14,924		)	—		—		—
Total identifiable net assets	$	44,882		$	563	$	2,493	$	3,664

Total consideration recorded	$	88,681		$	3,000	$	3,235	$	7,662
Less: total identifiable net assets	44,882			563		2,493		3,664
Goodwill at June 30, 2016	$	43,799		$	2,437	$	742	$	3,998