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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2012
Summary of Preliminary Allocation of Acquisition Costs | The following is a summary of the preliminary allocation of the acquisition costs in the above transactions.
|  | Total |
Property, plant and equipment |  | $ | 74,326 |
Goodwill |  |  | 60,968 |
Site locations |  |  | 78,288 |
Non-competition agreements |  |  | 80 |
Customer lists and contracts |  |  | 18,148 |
Other asset |  |  | 7,763 |
Current liabilities |  |  | (3,424 | )
Long-term liabilities |  |  | (6,140 | )
|  | $ | 230,009 |
The following is a summary of the preliminary allocation of the acquisition costs in the above transactions.
|  | Total |
Property, plant and equipment |  | $ | 12,319 |
Goodwill |  |  | 775 |
Site locations |  |  | 8,147 |
Non-competition agreements |  |  | 101 |
Customer lists and contracts |  |  | 2,010 |
Other asset |  |  | 356 |
Current liabilities |  |  | (211 | )
|  | $ | 23,497 |
Summary of Unaudited Pro forma Financial Information | The following unaudited pro forma financial information for the Company gives effect to the 2012 and 2011 acquisitions as if they had occurred on January 1, 2011. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period.
|  | 2012 |  |  | 2011 |
Net revenues |  | $ | 1,212,705 |  |  | $ | 1,177,293 |
Net income applicable to common stock |  | $ | 10,118 |  |  | $ | 8,320 |
Net loss per common share — basic |  | $ | 0.11 |  |  | $ | 0.09 |
Net loss per common share — diluted |  | $ | 0.11 |  |  | $ | 0.09 |
The following unaudited pro forma financial information for the Company gives effect to the 2011 and 2010 acquisitions as if they had occurred on January 1, 2010. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period.
|  | 2011 |  |  | 2010 |
Net revenues |  | $ | 1,135,802 |  |  | $ | 1,099,490 |
Net income (loss) applicable to common stock |  | $ | 7,946 |  |  | $ | (39,830 | )
Net loss per common share — basic |  | $ | 0.09 |  |  | $ | (0.43 | )
Net loss per common share — diluted |  | $ | 0.09 |  |  | $ | (0.43 | )

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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 a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph a -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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph F4 -Subparagraph e -Appendix F Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 -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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