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Subsequent Events | 6 Months Ended
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Jun. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events |
13. | SUBSEQUENT EVENTS:
Acquisitions During the third quarter of 2016, Quanta has completed two acquisitions. Quanta acquired an electrical infrastructure services company located in Australia and a utility contracting company located in Canada. The results of these businesses will generally be included in Quanta’s Electric Power Infrastructure Services segment. The aggregate consideration paid or payable for these acquisitions was approximately $34.3 million, subject to certain adjustments and certain contingent consideration payments of up to $4.5 million, which may be paid if certain financial targets are achieved. At Quanta’s election, a portion of the consideration and any contingent consideration may include shares of Quanta common stock. As these transactions were closed during the third quarter of 2016, the results will be included in Quanta’s consolidated financial statements beginning on the respective dates of acquisition. These acquisitions should enable Quanta to further enhance its electric power infrastructure service offerings in Australia and Canada.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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