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BUSINESS COMBINATIONS
 9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS
We acquired three transfer stations in our Western region during the nine months ended September 30, 2016. The operating results of the acquired businesses are included in the accompanying unaudited consolidated statements of operations from the date of acquisition, and the purchase price has been allocated to the net assets acquired based on fair values at the date of each acquisition, with the residual amounts recorded as goodwill.
A summary of the purchase price for these acquisitions and the allocation of the purchase price for these acquisitions follows:
 
Nine Months Ended
September 30,
 
2016
 
2015
Purchase Price:
 
 
 
Cash used in acquisitions
$
2,439

 
$
—

Holdbacks
400

 
—

Total
2,839

 
—

Allocated as follows:
 
 
 
Current assets
40

 
—

Land
353

 
—

Buildings
1,360

 
—

Equipment
269

 
—

Other liabilities, net
(106
)
 
—

Fair value of assets acquired and liabilities assumed
1,916

 
—

Excess purchase price allocated to goodwill
$
923

 
$
—


Unaudited pro forma combined information that shows our operational results as though each of the acquisitions completed in the nine months ended September 30, 2016 had occurred as of January 1, 2015 follows.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Revenue
$
151,133

 
$
147,008

 
$
422,059

 
$
408,946

Operating income
$
17,378

 
$
12,617

 
$
34,868

 
$
26,926

Net income (loss) attributable to common stockholders
$
7,537

 
$
2,249

 
$
5,078

 
$
(6,093
)
Basic earnings per share attributable to common stockholders
$
0.18

 
$
0.06

 
$
0.12

 
$
(0.15
)
Basic weighted average shares outstanding
41,377

 
40,810

 
41,169

 
40,560

Diluted earnings per share attributable to common stockholders
$
0.18

 
$
0.05

 
$
0.12

 
$
(0.15
)
Diluted weighted average shares outstanding
42,287

 
41,283

 
41,896

 
40,560


The pro forma results set forth in the table above have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisitions occurred as of January 1, 2015 or of the results of our future operations. Furthermore, the pro forma results do not give effect to all cost savings or incremental costs that may occur as a result of the integration and consolidation of the completed acquisitions.