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BUSINESS COMBINATION
9 Months Ended
Sep. 30, 2013
BUSINESS COMBINATION  
BUSINESS COMBINATION

NOTE 6.                    BUSINESS COMBINATION

 

On May 31, 2012, the Company acquired 100% of the outstanding shares of US Ecology Michigan, Inc. (“US Ecology Michigan”), formerly Dynecol, Inc., a chemical and industrial byproducts treatment and reuse facility located in Detroit, Michigan. The following unaudited pro forma financial information presents the combined results of operations as if US Ecology Michigan had been combined with us beginning on January 1, 2012. The pro forma financial information includes the accounting impact of the business combination, including the amortization of intangible assets, depreciation of property, plant and equipment and interest expense. The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the period presented, nor should it be taken as an indication of our future consolidated results of operations.

 

 

 

(unaudited)

 

 

 

Nine Months Ended

 

$s in thousands, except per share amounts

 

September 30, 2012

 

Pro forma combined:

 

 

 

Revenue

 

$

124,233

 

Net income

 

$

19,402

 

Earnings per share

 

 

 

Basic

 

$

1.06

 

Diluted

 

$

1.06

 

 

The amounts of revenue and operating income from US Ecology Michigan included in US Ecology’s consolidated statements of operations for the nine months ended September 30, 2013 were $9.4 million and $255,000, respectively.