Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016	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 (1)	108,100	89,847	18,253
Net working capital	3,839	2,569	1,270
Total identifiable assets acquired	204,094	185,045	19,049

Capital lease and lease financing obligations	43,832	43,832	-
Deferred income taxes	34,804	19,766	15,038
Acquired above market lease	2,453	-	2,453
Total liabilities assumed	81,089	63,598	17,491

Net identifiable assets acquired	123,005	121,447	1,558
Goodwill	171,679	173,237	(1,558)
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 three-month period ended March 31, 2015 (in thousands):


	(Unaudited) Pro Forma Condensed Consolidated Statement of Operations
	Three Months Ended March 31, 2015
Revenue	$ 83,325
Net income	$ 3,973