Acquisition (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the preliminary allocation of the opening balance sheet from the date of acquisition through September 30, 2018:

(in thousands)	(as of ‎ acquisition date) July 2, 2018

Consideration paid	$	47,082
Preliminary estimated net asset adjustments		10,749
Total consideration, net of net asset adjustments	$	57,831

Accounts receivable, net	$	33,903
Costs and estimated earnings in excess of billings on uncompleted contracts		10,570
Other current and long term assets		88
Property and equipment		3,188
Accounts payable		(9,592	)
Billings in excess of costs and estimated earnings on uncompleted contracts		(6,394	)
Other current liabilities		(6,571	)
Net identifiable assets and liabilities		25,192
Unallocated intangible assets		9,800
Total acquired assets and liabilities		34,992
Fair value of acquired noncontrolling interests		(1,272	)
Goodwill	$	24,111

Business Acquisition, Pro Forma Information [Table Text Block]

Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors:

	Three months ended				Nine months ended
	September 30,				September 30,
(In thousands, except per share data)	2018		2017		2018		2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Contract revenues	$	399,537	$	399,015	$	1,166,273	$	1,119,375
Net income	$	8,373	$	6,952	$	24,986	$	11,724
Net income attributable to MYR Group, Inc.	$	8,373	$	6,952	$	24,268	$	10,898
Income per common share:
—Basic	$	0.51	$	0.43	$	1.48	$	0.67
—Diluted	$	0.50	$	0.42	$	1.46	$	0.66
Weighted average number of common shares and potential common shares outstanding:
—Basic		16,492		16,314		16,423		16,263
—Diluted		16,630		16,474		16,580		16,476