BUSINESS COMBINATIONS (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The estimated fair values of the assets acquired and liabilities assumed for the acquisitions approximated the following:


	Ace			U.S. Insulation
Accounts receivable	$	213		$	1,122
Inventory		14			234
Other current assets		—			105
Property and equipment		263			520
Intangibles		1,106			846
Goodwill		—			1,217
Accounts payable and accrued expenses		(609	)		(1,362	)
Deferred tax liability		—			(397	)

Total purchase price	$	987		$	2,285

Seller obligations	$	300		$	279
Cash paid		687			2,006

Total purchase price	$	987		$	2,285

Estimates of Acquired Intangible Assets

Estimates of acquired intangible assets related to the acquisitions are as follows:


	Ace				U.S. Insulation
Acquired intangibles assets	Estimated Fair Value		Weighted Average Estimated Useful Life (yrs)		Estimated Fair Value		Weighted Average Estimated Useful Life (yrs)
Customer relationships	$	826		10	$	546		10
Trademarks and trade names		280		15		216		15
Non-competition agreements		—		—		84		5

Pro forma results of operations

The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2013 and 2012, and the unaudited pro forma information does not purport to be indicative of future financial operating results.


	Pro forma for the three months ended March 31,
	2014			2013
Net revenue	$	107,989		$	94,621
Net income (loss)		518			(606	)
Net loss attributable to common stockholders		(19,379	)		(2,093	)
Net loss per share attributable to common stockholders (basic and diluted)		(0.75	)		(0.09	)