SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)

9 Months Ended

Sep. 30, 2016

Depreciation and amortization of assets are computed by the straight-line method over the following estimated useful lives of the assets:



Classification	Useful Life
Buildings	20-40 years
Leasehold improvements	2-15 years
Machinery and equipment	2-12 years
Furniture and fixtures	2-10 years
Computers and computer software	2-5 years
Automobiles	2-5 years

A summary of property, plant and equipment as of September 30, 2016 and December 31, 2015 is as follows (in thousands):



	September 30, 2016			December 31, 2015
	(unaudited)
Land	$	7,465		$	3,124
Buildings and leasehold improvements	42,868			29,690
Machinery and equipment	239,313			174,222
Furniture and fixtures	8,557			6,561
Capitalized ERP system development costs	40,324			25,606
Computers and computer software	11,880			8,062
Automobiles	5,728			5,280
Construction in progress	13,826			5,177
Total	369,961			257,722
Accumulated depreciation and amortization	(157,925		)	(132,739		)
Property, plant and equipment, net	$	212,036		$	124,983

Schedule of Rollforward Goodwill

A rollforward of goodwill for the nine months ended September 30, 2016 is as follows (in thousands):



	Nine Months Ended September 30, 2016
	(unaudited)
	TeamQualspec		TeamFurmanite		Quest Integrity		Total
Balance at beginning of period	$	207,497	$	19,874	$	29,283	$	256,654
Acquisitions	5,955		102,587		4,137		112,679
Foreign currency adjustments	746		255		392		1,393
Balance at end of period	$	214,198	$	122,716	$	33,812	$	370,726

Amounts Used In Basic and Diluted Earnings (Loss) Per Share

Amounts used in basic and diluted earnings (loss) per share, for the three and nine months ended September 30, 2016 and 2015, are as follows (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Weighted-average number of basic shares outstanding	29,361	20,375	27,609	20,371
Stock options, stock units and performance awards	—	342	—	331
Conversion of noncontrolling interest	—	728	—	728
Total shares and dilutive securities	29,361	21,445	27,609	21,430