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Description of Business (Tables)
 12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of contribution to revenues and profits and pro forma
The Company’s acquisitions made the following contributions to its revenues and profits (in thousands):
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
Revenues
 
Net Loss
 
Revenues
 
Net Loss
 
Revenues
 
Net Loss
Underground Solutions (1)
$
45,738

 
$
(790
)
 
$
32,063

 
$
(3,778
)
 
$
29,425

 
$
(2,694
)
Other acquisitions (2)(3)
17,315

 
(555
)
 
14,845

 
(5,225
)
 
7,588

 
(1,811
)
_____________________
“N/A” represents not applicable.

(1) 
The reported net loss in 2018 includes a pre-tax allocation of corporate expenses of $5.0 million. The reported net loss in 2017 includes a pre-tax allocation of corporate expenses of $4.5 million. The reported net loss in 2016 includes a pre-tax charge for inventory step-up of $3.6 million, recognized as part of the accounting for business combinations, and a pre-tax allocation of corporate expenses of $3.2 million.
(2) 
The reported net loss in 2018 and 2017 includes pre-tax restructuring charges of $4.8 million and $0.1 million, respectively.
(3) 
The reported net loss in 2017 includes a pre-tax impairment charge of $2.2 million allocated from goodwill impairments in the Fyfe reporting unit (see Note 2).
The following unaudited pro forma summary presents combined information of the Company as if its acquisitions had occurred at the beginning of the year preceding their acquisition (in thousands, except earnings per share):
 
Years Ended December 31,

   2017(1)
 
   2016(2)
Revenues
$
1,359,901

 
$
1,238,730

Net income (loss) (3)
(69,574
)
 
29,924

Diluted earnings (loss) per share
$
(2.10
)
 
$
0.85

_____________________
(1) 
Includes pro-forma results related to Environmental Techniques, Hebna and P2S. 2018 contributions related to Hebna and P2S were immaterial.
(2) 
Includes pro-forma results related to Environmental Techniques, Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions.
(3) 
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 Company’s acquisitions at their acquisition dates (in thousands):
 
Underground
Solutions
 
Other Acquisitions(1)
Cash
$
3,630

 
$
—

Receivables and contract assets
6,339

 
2,270

Inventories
12,629

 
2,642

Prepaid expenses and other current assets
671

 
111

Property, plant and equipment
2,755

 
5,216

Identified intangible assets
33,370

 
8,523

Deferred income tax assets

13,282

 
124

Other assets
90

 
—

Accounts payable
(4,653
)
 
(1,862
)
Accrued expenses
(5,900
)
 
(335
)
Contract liabilities
(2,943
)
 
—

Deferred tax liabilities
(14,562
)
 
(895
)
Total identifiable net assets
$
44,708

 
$
15,794


 
 
 
Total consideration recorded
$
88,370

 
$
29,674

Less: total identifiable net assets
44,708

 
15,794

Final purchase price goodwill
$
43,662

 
$
13,880


(1) 
Total includes P2S, Hebna, Environmental Techniques, Fyfe Europe, LMJ and Concrete Solutions.