Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

The following table summarizes the preliminary allocation of the opening balance sheet from the date of acquisition through December 31, 2018:

(in thousands)	(as of acquisition date) July 2, 2018			Measurement Period Adjustments			Adjusted acquisition amounts as of December 31, 2018
Consideration paid	$	47,082		$	—		$	47,082
Preliminary estimated net asset adjustments		10,749			461			11,210
Total consideration, net of net asset adjustments	$	57,831		$	461		$	58,292
Accounts receivable	$	33,903		$	206		$	34,109
Contract assets		10,570			1,010			11,580
Other current and long term assets		88			1			89
Property and equipment		3,188			—			3,188
Intangible assets		—			24,300			24,300
Accounts payable		(9,592	)		(1,274	)		(10,866	)
Contract liabilities		(6,394	)		525			(5,869	)
Other current liabilities		(6,570	)		—			(6,570	)
Net identifiable assets and liabilites		25,193			24,768			49,961
Unallocated intangible assets		9,800			(9,800	)		—
Total aquired assets and liabilites		34,993			14,968			49,961
Fair value of aquired noncontrolling interests		(1,273	)		(7	)		(1,280	)
Goodwill	$	24,111		$	(14,500	)	$	9,611

Schedule Of Supplemental Pro Forma Financial Information

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:

	Year ended December 31,
(In thousands, except per share data)	2018		2017
	(unaudited)		(unaudited)
Contract revenues	$	1,612,618	$	1,523,328
Net income	$	35,872	$	26,531
Net income attributable to MYR Group, Inc.	$	34,947	$	25,561
Income per common share:
– Basic	$	2.13	$	1.57
– Diluted	$	2.11	$	1.55
Weighted average number of common shares and potential common shares outstanding:
– Basic		16,441		16,273
– Diluted		16,585		16,496