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ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2012
Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for the 2012 and 2011 acquisitions and presents the allocation of these amounts to the net tangible and identifiable intangible assets based on their estimated fair values as of the respective acquisition dates. This allocation requires the significant use of estimates and is based on the information that was available to management at the time these condensed consolidated financial statements were prepared (in thousands).
|  | 2012 Acquisitions |  |  | 2011 Acquisitions |
Consideration: |  |  |  |  |  |  |  |
Value of Quanta common stock issued |  | $ | 37,291 |  |  | $ | 32,368 |
Cash paid |  |  | 68,507 |  |  |  | 84,208 |
Fair value of total consideration transferred |  | $ | 105,798 |  |  | $ | 116,576 |
Current assets |  | $ | 20,516 |  |  | $ | 30,198 |
Property and equipment |  |  | 18,821 |  |  |  | 19,878 |
Other assets |  |  | 123 |  |  |  | 379 |
Identifiable intangible assets |  |  | 17,931 |  |  |  | 40,229 |
Current liabilities |  |  | (10,008 | ) |  |  | (10,226 | )
Deferred tax liabilities, net |  |  | (6,173 | ) |  |  | (7,190 | )
Other long-term liabilities |  |  | (191 | ) |  |  | (450 | )
Total identifiable net assets |  |  | 41,019 |  |  |  | 72,818 |
Goodwill |  |  | 64,779 |  |  |  | 43,758 |
|  | $ | 105,798 |  |  | $ | 116,576 |
Unaudited Supplemental Pro Forma Results of Operations | The following unaudited supplemental pro forma results of operations have been provided for illustrative purposes only and do not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Revenues |  | $ | 1,685,201 |  |  | $ | 1,291,979 |  |  | $ | 4,640,635 |  |  | $ | 3,261,170 |
Gross profit |  | $ | 280,434 |  |  | $ | 204,946 |  |  | $ | 713,312 |  |  | $ | 462,488 |
Selling, general and administrative expenses |  | $ | 124,276 |  |  | $ | 97,051 |  |  | $ | 346,761 |  |  | $ | 291,534 |
Amortization of intangible assets |  | $ | 10,504 |  |  | $ | 10,735 |  |  | $ | 29,536 |  |  | $ | 30,984 |
Net income attributable to common stock |  | $ | 96,398 |  |  | $ | 54,082 |  |  | $ | 208,028 |  |  | $ | 76,581 |
Earnings per share attributable to common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.45 |  |  | $ | 0.25 |  |  | $ | 0.98 |  |  | $ | 0.35 |
Diluted |  | $ | 0.45 |  |  | $ | 0.25 |  |  | $ | 0.98 |  |  | $ | 0.35 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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