Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of the Preliminary Allocation of the Fair Value of Assets Acquired and Liabilities Assumed in Acquisition

The following table summarizes the consideration for the Carpathia acquisition and the preliminary allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (in thousands). This allocation is subject to change pending the final valuation of these assets and liabilities:


	Adjusted Carpathia Allocation as of December 31, 2015	Original Allocation Reported as of June 30, 2015	Adjusted Fair Value
Land	$ 1,130	$ 1,130	$ -
Buildings and improvements	78,898	79,372	(474)
Construction in progress	12,127	12,127	-
Acquired intangibles	93,400	89,847	3,553
Net working capital	3,610	2,569	1,041
Total identifiable assets acquired	189,165	185,045	4,120

Capital lease and lease financing obligations	43,832	43,832	-
Deferred income taxes	29,934	19,766	10,168
Acquired above market lease	2,453	-	2,453
Total liabilities assumed	76,219	63,598	12,621

Net identifiable assets acquired	112,946	121,447	(8,501)
Goodwill	181,738	173,237	8,501
Net assets acquired	$ 294,684	$ 294,684	$ -

Pro Forma Consolidated Statements of Operations Including Acquisition

The following table represents the pro forma condensed consolidated statements of operations of the combined entities for the years ended December 31, 2015, 2014 and 2013 (in thousands):


	(Unaudited) Pro Forma Condensed Consolidated Statements of Operations
	Year Ended December 31,
	2015	2014	2013
Revenue	$ 352,529	$ 299,906	$ 250,338
Net income	$ 28,109	$ 12,919	$ (9,592)