Acquisitions (Tables)

12 Months Ended

Jun. 30, 2017

Consideration transferred [Table Text Block]

The Company purchased all of the equity interests of Houston Interests for $42.5 million, net of working capital adjustments and cash acquired. The consideration paid as of June 30, 2017 is as follows (in thousands):



Cash paid for equity interest	$	46,000
Cash paid for working capital	5,150
Less: cash acquired	(10,331		)
Cash consideration paid	40,819
Accrued working capital adjustment	1,687
Net purchase price	$	42,506

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary net purchase price allocation (in thousands):



Cash and cash equivalents	$	10,331
Accounts receivable	10,273
Costs and estimated earnings in excess of billings on uncompleted contracts	746
Other current assets	454
Current assets	21,804
Property, plant and equipment	942
Goodwill	35,146
Other intangible assets	10,220
Total assets acquired	68,112
Accounts payable	962
Billings on uncompleted contracts in excess of costs and estimated earnings	11,648
Other accrued expenses	2,475
Current liabilities	15,085
Other liabilities	190
Net assets acquired	52,837
Less: cash acquired	10,331
Net purchase price	$	42,506

Business Acquisition, Pro Forma Information

The unaudited financial information in the table below summarizes the combined results of operations of Matrix Service Company and Houston Interests for the years ended June 30, 2017 and 2016, on a pro forma basis, as though the companies had been combined as of July 1, 2015. The pro forma financial information presented in the table below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at July 1, 2015 nor should it be taken as indicative of future consolidated results of operations.



	Twelve Months Ended
	June 30, 2017		June 30, 2016
	(In thousands, except per share data)
Revenues	$	1,233,372	$	1,427,313
Net income attributable to Matrix Service Company	$	7,326	$	32,352
Basic earnings per common share	$	0.28	$	1.22
Diluted earnings per common share	$	0.27	$	1.19

Baillie Tank Equipment, Ltd. [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final purchase price allocation (in thousands):



Current assets	$	5,574
Property, plant and equipment	4,347
Goodwill	7,030
Other intangible assets	720
Other assets	233
Total assets acquired	17,904
Current liabilities	1,669
Deferred income taxes	329
Long-term debt	1,858
Other liabilities	407
Net assets acquired	13,641
Less: cash acquired	592
Net purchase price	$	13,049

HDB, Inc. [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation (in thousands):



Current assets	$	1,645
Property, plant and equipment	1,001
Tax deductible goodwill	3,065
Other intangible assets	900
Total assets acquired	6,611
Current liabilities	1,060
Net assets acquired	$	5,551