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General (Tables)
 6 Months Ended
Jun. 30, 2017
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 Environmental Techniques made the following contributions to the Company’s revenues and profits (in thousands):
 
Quarters Ended June 30,
 
2017
 
2016
 
Revenues
 
Net Income (Loss) (1)
 
Revenues
 
  Net Loss(2)
Underground Solutions
$
9,520

 
$
(356
)
 
$
10,977

 
$
(1,638
)
Fyfe Europe
102

 
(86
)
 
8

 
(98
)
LMJ
1,023

 
(1,020
)
 
1,333

 
(87
)
Concrete Solutions
1,332

 
1

 
N/A

 
N/A

Environmental Techniques
1,472

 
(291
)
 
N/A

 
N/A

_____________________
“N/A” represents not applicable.
(1) 
The reported net loss for Underground Solutions includes an allocation of corporate expenses of $0.7 million.
(2) 
The reported net loss for Underground Solutions includes inventory step-up expense of $2.4 million recognized as part of the accounting for business combinations.

 
Six Months Ended June 30,
 
2017
 
2016
 
Revenues
 
Net Income (Loss) (1)
 
Revenues
 
  Net Loss(2)
Underground Solutions
$
16,045

 
$
(1,675
)
 
$
15,643

 
$
(1,762
)
Fyfe Europe
361

 
(144
)
 
8

 
(98
)
LMJ
2,360

 
(1,617
)
 
1,333

 
(87
)
Concrete Solutions
2,715

 
51

 
N/A

 
N/A

Environmental Techniques
1,923

 
(393
)
 
N/A

 
N/A

_____________________
“N/A” represents not applicable.
(1) 
The reported net loss for Underground Solutions includes an allocation of corporate expenses of $1.1 million.
(2) 
The reported net loss for Underground Solutions 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.
The following pro forma summary presents combined information of the Company as if the Environmental Techniques, Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions acquisitions had occurred at the beginning of the year preceding their acquisition (in thousands, except earnings per share):
 
Quarters Ended June 30,
 
Six Months Ended June 30,

2017
 
   2016 (1)
 
   2017 (2)
 
   2016 (3)
Revenues
$
354,473

 
$
302,396

 
$
680,530

 
$
605,266

Net income attributable to Aegion Corporation (4)
11,100

 
3,477

 
16,798

 
147

Diluted earnings per share
$
0.33

 
$
0.10

 
$
0.49

 
$
—

_____________________
(1) 
Includes pro-forma results related to Environmental Techniques, Fyfe Europe, LMJ and Concrete Solutions.
(2) 
Includes pro-forma results related to Environmental Techniques.
(3) 
Includes pro-forma results related to Environmental Techniques, Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions.
(4) 
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 Environmental Techniques acquisition at its acquisition date (in thousands):
 
Environmental
Techniques
Receivables and cost and estimated earnings in excess of billings
$
801

Inventories
1,281

Prepaid expenses and other current assets
93

Property, plant and equipment
2,147

Identified intangible assets
1,869

Deferred income tax assets
124

Accounts payable
(1,025
)
Accrued expenses
(186
)
Deferred income tax liabilities
(413
)
Total identifiable net assets
$
4,691


 
Total consideration recorded
$
8,046

Less: total identifiable net assets
4,691

Goodwill at June 30, 2017
$
3,355