Business Combinations

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Business Combinations

3. BUSINESS COMBINATIONS

We acquired three transfer stations in our Western region during the three months ended June 30, 2016. The operating results of the acquired businesses 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 each acquisition, with the residual amounts recorded as goodwill.

A summary of the purchase prices and the allocation of the purchase prices for these acquisitions follow:

	Six Months Ended June 30,
	2016			2015
Purchase Price:
Cash used in acquisitions	$	2,439		$	—
Holdbacks		400			—
Total		2,839			—
Current assets		40			—
Land		353			—
Building		1,360			—
Equipment		269			—
Other liabilities, net		(106	)		—
Fair value of assets acquired and liabilities assumed		1,916			—
Excess purchase price allocated to goodwill	$	923		$	—

Unaudited pro forma combined information that shows our operational results as though each of the acquisitions completed in the three months ended June 30, 2016 had occurred as of January 1, 2015 follows.

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016			2015
Revenue	$	144,670	$	144,537	$	270,926		$	261,939
Operating income	$	15,596	$	11,263	$	17,491		$	14,309
Net income (loss) attributable to common stockholders	$	5,195	$	978	$	(2,460	)	$	(8,342	)
Basic net income (loss) per share attributable to common stockholders	$	0.13	$	0.02	$	(0.06	)	$	(0.21	)
Basic weighted average shares outstanding		41,132		40,447		41,064			40,432
Diluted net income (loss) per share attributable to common stockholders	$	0.12	$	0.02	$	(0.06	)	$	(0.21	)
Diluted weighted average shares outstanding		41,598		40,846		41,064			40,432

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, 2015 or 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.