Merger and Acquisition - (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred as of the acquisition date, including any adjustments during the measurement period:



	March 16, 2018 Opening Balance Sheet as Reported at March 31, 2018		Adjustments			Adjusted March 16, 2018 Opening Balance Sheet as Reported at September 30, 2018
	(in thousands)
Fair value of the consideration transferred	$	103,223	$	124		$	103,347

Cash	1,654		—			1,654
Trade receivables	11,745		778			12,523
Other assets	7,785		842			8,627
Property and equipment	41,403		—			41,403
Identifiable intangible assets ⁽¹⁾	23,000		(400		)	22,600
Total assets	85,587		1,220			86,807

Accounts payable	1,959		1,440			3,399
Accrued liabilities	2,419		4,942			7,361
Claims accruals	230		172			402
Total liabilities	4,608		6,554			11,162

Goodwill	$	22,244	$	5,458		$	27,702


(1)	Includes a $17.9 million customer relationship and a $4.7 million trade name.

Summary of Pro Forma Revenue and Net Income

The following unaudited pro forma information combines the historical operations of Knight, Swift, and Abilene giving effect to the 2017 Merger, Abilene Acquisition, and related transactions as if they had been consummated on January 1, 2017, the beginning of the comparative periods presented.



	Quarter-to-Date September 30,		Year-to-Date September 30,
	2017		2018		2017
	(in thousands, except per share data)
Total revenue	$	1,300,318	$	3,969,067	$	3,847,437
Net income attributable to Knight-Swift	21,290		268,103		88,742
Earnings per share – diluted	0.12		1.50		0.50