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 and six month periods ended June 30, 2015 (in thousands):


	(Unaudited) Pro Forma Condensed Consolidated Statements of Operations
	Three Months Ended	Six Months Ended
	June 30, 2015	June 30, 2015
Revenue	$ 87,267	$ 170,592
Net income	$ 9,608	$ 13,568

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 Piscataway facility and the preliminary allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (unaudited and in thousands). This allocation is subject to change pending the final valuation of these assets and liabilities:


	Piscataway Allocation as of June 30, 2016
Land	$ 7,440
Buildings and improvements	78,370
Construction in progress	13,900
Acquired intangibles	21,668
Deferred costs	4,084
Other assets	106
Total identifiable assets acquired	125,568

Acquired below market lease	568
Net working capital	2,019
Total liabilities assumed	2,587

Net identifiable assets acquired	$ 122,981

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

In June 2016, the Company finalized the Carpathia purchase price allocation. The following table summarizes the consideration for the Carpathia acquisition and the final allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (unaudited and in thousands):


	Final Carpathia Allocation as of June 30, 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	2,851	2,569	282
Total identifiable assets acquired	203,106	185,045	18,061

Capital lease and lease financing obligations	43,832	43,832	-
Deferred income taxes	35,980	19,766	16,214
Acquired above market lease	2,453	-	2,453
Total liabilities assumed	82,265	63,598	18,667

Net identifiable assets acquired	120,841	121,447	(606)
Goodwill	173,843	173,237	606
Net assets acquired	$ 294,684	$ 294,684	$ -

(1)

During the three months ended March 31, 2016, a $14.7 million adjustment was recorded to increase acquired intangible assets following identified purchase price allocation adjustments, with a corresponding decrease to goodwill. An adjustment of $1.0 million to increase amortization expense related to this increase in acquired intangibles was recorded during the three months ended March 31, 2016, of which $0.7 million related to prior reporting periods.