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Acquisitions Of Businesses | 6 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Acquisitions Of Businesses | Acquisitions of Businesses Acquisitions are accounted for utilizing the acquisition method of accounting and the prices paid for them are allocated to their respective assets and liabilities based on the estimated fair value of such assets and liabilities at the dates of their respective acquisition by us. During the first half of 2019, we acquired three companies for a total consideration of $64.4 million. In January 2019, we acquired a company which provides mobile mechanical services within the Southern region of the United States. In April 2019, we acquired a company which provides electrical contracting services in central Iowa. In May 2019, we acquired a company which provides building automation and controls solutions within the Western region of the United States. The results of operations for the companies acquired in January and May have been included within our United States building services segment. The results of operations for the company acquired in April have been included within our United States electrical construction and facilities services segment. In connection with these acquisitions, we acquired working capital of $18.5 million and other net assets of $0.2 million and have preliminarily ascribed $22.8 million to goodwill and $22.9 million to identifiable intangible assets. During calendar year 2018, we acquired four companies for a total consideration of $71.6 million. Two companies provide mobile mechanical services, one within the Eastern region and the other within the Western region of the United States. The third company is a full service provider of mechanical services within the Southern region of the United States. The results of these three companies have been included in our United States building services segment. The fourth company provides electrical construction and maintenance services for industrial and commercial buildings in North Texas, and its results have been included in our United States electrical construction and facilities services segment. In connection with these acquisitions, we acquired working capital of $8.9 million and have preliminarily ascribed $26.1 million to goodwill and $36.6 million to identifiable intangible assets. We expect that all of the goodwill acquired in connection with these acquisitions will be deductible for tax purposes. The purchase price allocations for the businesses acquired in 2019 and two of the businesses acquired in 2018 are preliminary and subject to change during their respective measurement periods. The purchase price allocations for the remaining two businesses acquired in 2018 have been finalized with an insignificant impact.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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