Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Allocation of Acquisition Costs

The following is a summary of the allocation of the acquisition costs in the above transactions.


	Total
Property, plant and equipment	$	18,196
Goodwill		18,631
Site locations		50,333
Non-competition agreements		430
Customer lists and contracts		10,390
Other assets		1,408
Current liabilities		(2,158	)

	$	97,230

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

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information for the Company gives effect to the 2013 and 2012 acquisitions as if they had occurred on January 1, 2012. 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.


	2013		2012
Net revenues	$	1,255,376	$	1,225,958
Net income applicable to common stock	$	40,725	$	12,098
Net loss per common share — basic	$	0.43	$	0.13
Net loss per common share — diluted	$	0.43	$	0.13

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	$	1,209,540	$	1,174,520
Net income applicable to common stock	$	8,161	$	6,626
Net loss per common share — basic	$	0.09	$	0.07
Net loss per common share — diluted	$	0.09	$	0.07