Acquisitions (Tables) - Houston Interests, LLC [Member]

3 Months Ended

Sep. 30, 2017

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Consideration transferred [Table Text Block]

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

Cash paid for equity interest	$	46,000
Cash paid for working capital	6,837
Less: cash acquired	(10,331		)
Net purchase price	$	42,506

Schedule of Preliminary Purchase Price Allocation

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

Cash	$	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

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 three months ended September 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.

	Three Months Ended
	September 30, 2017		September 30, 2016
	(In thousands, except per share data)
Revenues	$	269,910	$	378,494
Net income	$	3,824	$	10,788
Basic earnings per common share	$	0.14	$	0.41
Diluted earnings per common share	$	0.14	$	0.40