Tealstone Acquisition (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Fair Value Consideration Transferred

The acquisition-date fair value of the consideration transferred totaled $83.5 million, net of cash acquired,which consisted of the following (amounts in thousands):



Cash, net of cash acquired	$	54,861
Common stock (1,882,058 shares)	17,061
Promissory notes	4,436
Deferred payments	7,153
Total	$	83,511

Summary of Preliminary Purchase Price Allocation

The following table summarizes our purchase price allocation at the acquisition closing date (in thousands):



Accounts receivable	19,876
Costs and estimated earnings in excess of billings on uncompleted contracts	2,944
Inventory	1,218
Other current assets	54
Property, plant and equipment	565
Other assets, net	1
Identifiable intangible assets	46,617
Goodwill	30,411
Accounts payable	(16,781		)
Billings in excess of costs and estimated earnings on uncompleted contracts	(303		)
Accrued expenses	(823		)
State income tax payable	(268		)
Total Consideration	$	83,511

Summary of Proforma Information

The unaudited pro forma consists of the following (amounts in thousands):



	Twelve Months Ended December 31,
	2017		2016
Pro forma revenue	$	999,467	$	868,324
Pro forma net income attributable to Sterling	$	12,401	$	2,156