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Description of Business (Tables)
 12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of contribution to revenues and profits and pro forma
Underground Solutions, Fyfe Europe, LMJ, Concrete Solutions and Schultz made the following contributions to the Company’s revenues and profits (in thousands):
 
Year Ended
December 31, 2016
 
Year Ended
December 31, 2015
 
Underground
Solutions(1)
 
Fyfe
Europe
 
LMJ
 
Concrete
Solutions
 
Schultz(2)
 
Schultz(3)
Revenues
$
29,425

 
$
23

 
$
4,865

 
$
2,700

 
$
24,702

 
$
13,771

Net income (loss)
(2,694
)
 
(764
)
 
(1,153
)
 
106

 
(1,068
)
 
(1,470
)
_____________________
(1) 
The reported net loss for Underground Solutions for 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 $3.2 million.
(2) 
The reported net loss for Schultz for 2016 includes charges related to the 2016 Restructuring of $0.2 million and an allocation of corporate expenses of $2.9 million.
(3) 
The reported net loss for Schultz for 2015 includes a pre-tax charge for goodwill impairment of $1.7 million and an allocation of corporate expenses of $1.0 million.
The following unaudited pro forma summary presents combined information of the Company as if the Underground Solutions, Fyfe Europe, LMJ, Concrete Solutions and Schultz acquisitions had occurred at the beginning of the year preceding their acquisition (in thousands, except earnings per share):
 
Years Ended December 31,


   2016(1)
 
   2015(2)
 
   2014(3)
Revenues
$
1,231,900

 
$
1,387,465

 
$
1,339,147

Net income (loss) (4)
29,743

 
(6,545
)
 
(35,304
)
Diluted earnings (loss) per share
$
0.84

 
$
(0.18
)
 
$
(0.94
)
_____________________
(1) 
Includes pro-forma results related to Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions.
(2) 
Includes pro-forma results related to Underground Solutions, Fyfe Europe, LMJ, Concrete Solutions and Schultz.
(3) 
Includes pro-forma results related to Schultz.
(4) 
Includes pro-forma adjustments for purchase price depreciation and amortization as if those intangibles were recorded as of January 1 of the year preceding the respective 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, Concrete Solutions and Schultz acquisitions at their respective acquisition dates (in thousands):
 
Underground
Solutions
 
Fyfe
Europe
 
LMJ
 
Concrete
Solutions
 
Schultz
Cash
$
3,630

 
$
—

 
$
—

 
$
—

 
$
—

Receivables and cost and estimated earnings in excess of billings
6,339

 
—

 
—

 
1,469

 
1,086

Inventories
12,629

 
—

 
504

 
857

 
—

Prepaid expenses and other current assets
671

 
—

 
—

 
18

 
19

Property, plant and equipment
2,755

 
50

 
1,194

 
422

 
162

Identified intangible assets
33,370

 
513

 
795

 
1,722

 
3,060

Deferred income tax assets

12,911

 
—

 
—

 
—

 
—

Other assets
90

 


 
—

 
—

 
—

Accounts payable
(4,653
)
 
—

 
—

 
(837
)
 
(663
)
Accrued expenses
(5,900
)
 
—

 
—

 
(149
)
 
—

Billings in excess of cost and estimated earnings
(2,943
)
 
—

 
—

 
—

 
—

Deferred tax liabilities
(14,562
)
 
—

 
—

 
(482
)
 
—

Total identifiable net assets
$
44,337

 
$
563

 
$
2,493

 
$
3,020

 
$
3,664


 
 
 
 
 
 
 
 
 
Total consideration recorded
$
88,370

 
$
3,000

 
$
3,235

 
$
6,393

 
$
7,662

Less: total identifiable net assets
44,337

 
563

 
2,493

 
3,020

 
3,664

Final purchase price goodwill
$
44,033

 
$
2,437

 
$
742

 
$
3,373

 
$
3,998