Acquisitions (Tables)

6 Months Ended

Mar. 31, 2014

Acquisition

Schedule of pro forma consolidated revenue and net loss

	Three months ended March 31,						Six months ended March 31,
(in thousands)	2013			2014			2013			2014
Revenue	$	148,701		$	156,715		$	305,919		$	330,730
Net loss	(6,906		)	(10,332		)	(12,714		)	(9,695		)

Kleer Lumber, Inc.

Acquisition

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	5,818
Current liabilities	(3,093		)
Property, plant and equipment	4,098
Intangible assets:
Customer relationships (15 year life)	11,100
Trade name (indefinite life)	4,800
Goodwill	20,527
Net assets acquired	$	43,250

Roof Tile, Inc.

Acquisition

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	8,186
Current liabilities	(3,422		)
Property, plant and equipment	10,589
Intangible assets:
Customer relationships (15 year life)	18,600
Trade name (indefinite life)	6,600
Goodwill	30,112
Net assets acquired	70,665
Less non-controlling interest	(13,146		)
Net assets attributable to Headwaters	$	57,519

Summary of the activity of non-controlling interest

	(in thousands)
Estimated fair value as of acquisition date	$	13,146
Net income attributable to non-controlling interest	230
Balance as of March 31, 2014	$	13,376