BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Purchase Price Paid for Acquisitions

A summary of the purchase price paid for these acquisitions and the allocation of the purchase price for these acquisitions follows:


	Nine Months Ended September 30,
	2019		2018
Purchase Price:
Cash used in acquisitions, net of cash acquired	$	71,038	$	57,824
Notes payable	2,714		—
Common stock	—		4,258
Other non-cash consideration	5,470		—
Contingent consideration and holdbacks	1,755		4,996
Total	80,977		67,078
Allocated as follows:
Current assets	1,935		2,968
Other non-current assets	367		—
Land	2,487		—
Buildings	5,422		7,539
Equipment	20,592		11,520
Intangible assets	31,171		20,300
Other liabilities, net	(3,040)		(2,443)
Deferred tax liability	(2,137)		(1,230)
Fair value of assets acquired and liabilities assumed	56,797		38,654
Excess purchase price allocated to goodwill	$	24,180	$	28,424

Schedule of Unaudited Pro forma Combined Information

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, 2018 is as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2019		2018		2019		2018
Revenues	$	204,293	$	196,686	$	579,390	$	561,912
Operating income	$	19,369	$	31,505	$	42,321	$	53,051
Net income	$	12,905	$	23,794	$	24,810	$	24,745

Basic earnings per share attributable to common stockholders:
Weighted average common shares outstanding	47,690		42,779		47,029		42,605
Basic earnings per common share	$	0.27	$	0.56	$	0.53	$	0.58
Diluted earnings per share attributable to common stockholders:
Weighted average shares outstanding	48,361		44,175		47,660		43,938
Diluted earnings per common share	$	0.27	$	0.54	$	0.52	$	0.56