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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2014
Business Combinations [Abstract] |
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 |  | $ | 10,542 |
Goodwill |  |  | 9,457 |
Site locations |  |  | 36,982 |
Non-competition agreements |  |  | 135 |
Customer lists and contracts |  |  | 7,216 |
Current assets |  |  | 895 |
Current liabilities |  |  | (206 | )
|  | $ | 65,021 |
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 |
Summary of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information for the Company gives effect to the 2014 and 2013 acquisitions as if they had occurred on January 1, 2013. 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.
|  | 2014 |  |  | 2013 |
|  | (unaudited) |
Net revenues |  | $ | 1,291,771 |  |  | $ | 1,262,506 |
Net income applicable to common stock |  | $ | 256,785 |  |  | $ | 40,015 |
Net income per common share — basic |  | $ | 2.70 |  |  | $ | 0.42 |
Net income per common share — diluted |  | $ | 2.69 |  |  | $ | 0.42 |
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 |
|  | (unaudited) |
Net revenues |  | $ | 1,255,376 |  |  | $ | 1,225,958 |
Net income applicable to common stock |  | $ | 40,725 |  |  | $ | 12,098 |
Net income per common share — basic |  | $ | 0.43 |  |  | $ | 0.13 |
Net income per common share — diluted |  | $ | 0.43 |  |  | $ | 0.13 |

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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=25497992&loc=d3e1392-128463 + 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 Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: 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=25497992&loc=d3e1486-128463 + Details
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