BUSINESS COMBINATIONS

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS

We acquired one solid waste collection business in our Western region during the three months ended March 31, 2017. The operating results of the acquired business are included in the accompanying unaudited consolidated statements of operations from the date of acquisition, and the purchase price has been allocated to the net assets acquired based on fair values at the date of the acquisition, with the residual amount recorded as goodwill.

A summary of the purchase price for this acquisition and the allocation of the purchase price for this acquisition follows:

	Three Months Ended March 31,
	2017			2016
Purchase Price:
Cash paid for acquisitions	$	414		$	—
Holdback	46			—
Total	460			—
Allocated as follows:
Equipment	170			—
Intangible assets	262			—
Other liabilities, net	(9		)	—
Fair value of assets acquired and liabilities assumed	423			—
Excess purchase price allocated to goodwill	$	37		$	—

We also acquired three transfer stations in our Western region during the quarter ended June 30, 2016 whose operating results are included in the accompanying unaudited consolidated statements of operations from the date of acquisition. Unaudited pro forma combined information that shows our operational results as though each acquisition completed since the beginning of the prior fiscal year had occurred as of January 1, 2016 follows:

	Three Months Ended March 31,
	2017			2016
Revenue	$	133,916		$	126,426
Operating income	$	6,577		$	1,914
Net loss attributable to common stockholders	$	(217	)	$	(7,645	)
Basic earnings per share attributable to common stockholders	$	(0.01	)	$	(0.19	)
Basic weighted average common shares outstanding	41,584			40,996

The pro forma results set forth in the table above have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisitions occurred as of January 1, 2016 or of the results of our future operations. Furthermore, the pro forma results do not give effect to all cost savings or incremental costs that may occur as a result of the integration and consolidation of the completed acquisitions.