ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2012

Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed

The following table summarizes the aggregate 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 information that was available to management at the time these consolidated financial statements were prepared (in thousands).


	2012			2011
	All Acquisitions			All 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 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):


	Year Ended December 31,
	2012		2011		2010
Revenues	$	5,933,830	$	4,378,213	$	3,910,662
Gross profit	$	939,663	$	613,047	$	656,413
Selling, general and administrative expenses	$	436,022	$	359,514	$	335,576
Amortization of intangible assets	$	37,780	$	39,252	$	54,843
Net income from continuing operations	$	306,124	$	143,423	$	159,259
Net income attributable to common stock	$	307,032	$	145,526	$	167,361
Net income from continuing operations attributable to common stock	$	290,097	$	131,522	$	156,878
Earnings per share from continuing operations attributable to common stock:
Basic	$	1.36	$	0.61	$	0.73
Diluted	$	1.36	$	0.61	$	0.72

- 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+ Details