Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Benchmark Builders (Tables)

Acquisition of Benchmark Builders (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Consideration for Acquisition of Benchmark

The following is a summary of the consideration transferred for the acquisition of Benchmark:

Cash consideration	$	17,250
Shares of common stock		21,658
Series A notes		12,500
Series B notes		30,000

Merger consideration	$	81,408

Schedule of Preliminary Purchase Price Allocation

The purchase price was assigned to the assets acquired based on their estimated fair values. The following is the preliminary purchase price allocation as of the April 20, 2017 closing date for Benchmark:

Cash	$	2,416
Accounts receivable		14,625
Other current assets		10,272
Property and equipment		47
Total identifiable assets acquired		27,360
Accounts payable		15,393
Accrued expenses and other current liabilities		9,111
Total liabilities assumed		24,504
Fair value of net tangible assets acquired and liabilities assumed		2,856

Contracts in progress		10,352
Trademarks and tradenames		1,592
Customer relationships		19,087
Non-compete		599
Fair value of identified intangible assets		31,630

Total consideration transferred		81,408
Goodwill	$	46,922

Schedule of Business Acquisition Pro Forma Information

The unaudited pro forma combined results, which assumes the transaction was completed on January 1 of the respective nine month periods, are as follows for the nine months ended September 30, 2017 and 2016:

	Revenue		Earnings (Losses)
Actual three months ended September 30, 2017	$	79,083	$	2,549
Actual nine months ended September 30, 2017		134,866		(6,513	)
2017 supplemental pro forma from January 1, 2017 through September 30, 2017		176,955		(10,652	)
2016 supplemental pro forma from January 1, 2016 through September 30, 2016		317,068		(2,634	)
2016 supplemental pro forma from July 1, 2016 through September 30, 2016		81,472		(6,978	)