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BUSINESS COMBINATIONS | 3 Months Ended
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Mar. 31, 2018
Business Combinations [Abstract] |
BUSINESS COMBINATIONS | BUSINESS COMBINATIONS We acquired one solid waste collection, transfer and processing business in our Eastern region, Complete Disposal Company, Inc. and its subsidiary United Material Management of Holyoke, Inc. (collectively, "Complete"), which provides residential and roll-off collection services, operates a construction and demolition processing facility, and operates a solid waste transfer station with both truck and rail transfer capabilities during the three months ended March 31, 2018. We also acquired one solid waste collection business in our Western region during the three months ended March 31, 2018. In the three months ended March 31, 2017, we acquired one solid waste collection business in our Western region. The operating results of these businesses are included in the accompanying unaudited consolidated statements of operations from each date of acquisition, and the purchase price has been allocated to the net assets acquired based on fair values at each date of acquisition, with the residual amounts recorded as goodwill. Acquired intangible assets other than goodwill that are subject to amortization include client lists and non-compete covenants. Such assets are amortized over a five to ten year period from the date of acquisition. All amounts recorded to goodwill, except amounts related to the Complete acquisition, are expected to be deductible for tax purposes. A summary of the purchase price paid for these acquisitions and the allocation of the purchase price for these acquisitions follows:
| Three Months Ended March 31,
| 2018 |  | 2017
Purchase Price: |  |  |
Cash paid for acquisitions | $ | 18,778 |  |  | $ | 414 |
Working capital adjustment - preliminary | 358 |  |  | — |
Holdbacks | 172 |  |  | 46 |
Total | 19,308 |  |  | 460 |
Allocated as follows: |  |  |
Current assets | 1,587 |  |  | — |
Building | 5,578 |  |  | — |
Equipment | 4,642 |  |  | 170 |
Intangible assets | 2,700 |  |  | 262 |
Other liabilities, net | (1,276 | ) |  | (9 | )
Deferred tax liability | (1,635 | ) |  | — |
Fair value of assets acquired and liabilities assumed | 11,596 |  |  | 423 |
Excess purchase price allocated to goodwill | $ | 7,712 |  |  | $ | 37 |
The purchase price allocations are preliminary and are based on information existing at the acquisition dates. Accordingly, the purchase price allocations are subject to change. Unaudited pro forma combined information that shows our operational results as though each acquisition completed since the beginning of the prior fiscal year had occurred as of January 1, 2017 follows:
| Three Months Ended March 31,
| 2018 |  | 2017
Revenue | $ | 147,854 |  |  | $ | 140,149 |
Operating income | $ | 857 |  |  | $ | 6,873 |
Net loss | $ | (3,900 | ) |  | $ | (47 | )
Basic and diluted weighted average common shares outstanding | 42,370 |  |  | 41,584 |
Basic and diluted earnings per share attributable to common stockholders | $ | (0.09 | ) |  | $ | — |
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, 2017 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.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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