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Acquisitions (Tables)

12 Months Ended

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	)

X

- 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

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X

- 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

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-Publisher FASB

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-Number 141

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-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.



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