Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

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