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BUSINESS COMBINATIONS (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Summary of Purchase Price Paid for Acquisitions | A summary of the purchase price paid for these acquisitions and the allocation of the purchase price for these acquisitions follows:
| Six Months Ended June 30, |  |
| 2020 |  | 2019
Purchase Price: |  |  |
Cash used in acquisitions, net of cash acquired | $ | 19,212 |  |  | $ | 25,546 |
Notes payable | — |  |  | 2,250 |
Contingent consideration and holdbacks | 2,837 |  |  | 1,120 |
Total | 22,049 |  |  | 28,916 |
Allocated as follows: |  |  |
Current assets | 132 |  |  | 1,865 |
Land | 685 |  |  | 726 |
Buildings | 2,118 |  |  | 2,602 |
Equipment | 8,277 |  |  | 8,655 |
Intangible assets | 5,912 |  |  | 11,619 |
Other liabilities, net | (222) |  |  | (1,546) |
Deferred tax liability | — |  |  | (2,137) |
Fair value of assets acquired and liabilities assumed | 16,902 |  |  | 21,784 |
Excess purchase price allocated to goodwill | $ | 5,147 |  |  | $ | 7,132 |
Schedule of Unaudited Pro forma Combined Information | 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, 2019 is as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenues | $ | 189,026 |  |  | $ | 201,608 |  |  | $ | 373,623 |  |  | $ | 381,518 |
Operating income | $ | 17,448 |  |  | $ | 16,850 |  |  | $ | 24,517 |  |  | $ | 22,751 |
Net income | $ | 12,115 |  |  | $ | 12,629 |  |  | $ | 13,087 |  |  | $ | 11,709 |
Basic earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 48,348 |  |  | 47,464 |  |  | 48,176 |  |  | 46,693 |
Basic earnings per common share | $ | 0.25 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.25 |
Diluted earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 48,563 |  |  | 48,221 |  |  | 48,411 |  |  | 47,424 |
Diluted earnings per common share | $ | 0.25 |  |  | $ | 0.26 |  |  | $ | 0.27 |  |  | $ | 0.25 |

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