BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Purchase Price Paid for Acquisitions

A summary of the purchase price paid for these acquisitions and the allocation of the purchase price for these acquisitions follows:


	Nine Months Ended September 30,
	2020		2019
Purchase Price:
Cash used in acquisitions, net of cash acquired	$	23,062	$	71,038
Notes payable	—		2,714

Other non-cash consideration	—		5,470
Contingent consideration and holdbacks	3,387		1,755
Total	26,449		80,977
Allocated as follows:
Current assets	227		1,935
Other non-current assets	—		367
Land	895		2,487
Buildings	1,908		5,422
Equipment	10,006		20,592
Intangible assets	7,159		31,171
Other liabilities, net	(306)		(3,040)
Deferred tax liability	—		(2,137)
Fair value of assets acquired and liabilities assumed	19,889		56,797
Excess purchase price allocated to goodwill	$	6,560	$	24,180

Schedule of Unaudited Pro forma Combined Information

Unaudited pro forma combined information that shows our operational results as though each acquisition completed since the beginning of the prior fiscal year had occurred as of January 1, 2019 is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenues	$	202,910	$	208,234	$	577,994	$	591,212
Operating income	$	20,660	$	19,351	$	45,342	$	42,266
Net income	$	15,119	$	12,813	$	28,216	$	24,532

Basic earnings per share attributable to common stockholders:
Weighted average common shares outstanding	48,370		47,690		48,241		47,029
Basic earnings per common share	$	0.31	$	0.27	$	0.58	$	0.52
Diluted earnings per share attributable to common stockholders:
Weighted average common shares outstanding	48,619		48,361		48,481		47,660
Diluted earnings per common share	$	0.31	$	0.26	$	0.58	$	0.51