Acquisitions (Tables)

3 Months Ended

Mar. 31, 2014

Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed

This allocation requires a 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).

Consideration:
Value of Quanta common stock and exchangeable shares issued	$	36,604		$	88,895
Cash paid		79,927			341,064

Fair value of total consideration transferred	$	116,531		$	429,959


Current assets	$	52,986		$	193,895
Property and equipment		33,387			60,988
Other assets		3,373			1,009
Identifiable intangible assets		21,048			55,124
Current liabilities		(41,281	)		(127,430	)
Deferred tax liabilities, net		(3,692	)		(4,083	)
Other long-term liabilities		(3,935	)		(5,350	)

Total identifiable net assets		61,886			174,153
Goodwill		54,645			255,806

	$	116,531		$	429,959

Unaudited Supplemental Pro Forma Results of Operations

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 March 31,
	2014		2013
Revenues	$	1,766,756	$	1,785,809
Gross profit	$	271,736	$	277,641
Selling, general and administrative expenses	$	174,359	$	128,020
Amortization of intangible assets	$	8,326	$	9,236
Net income	$	57,675	$	89,915
Net income attributable to common stock	$	53,435	$	85,139

Earnings per share attributable to common stock - basic and diluted	$	0.24	$	0.39