XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Acquisitions (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2017
Houston Interests, LLC [Member] |
Business Acquisition [Line Items] |
Consideration transferred [Table Text Block] | The Company purchased all of the equity interests of Houston Interests for $42.5 million, net of working capital adjustments and cash acquired. The consideration paid as of June 30, 2017 is as follows (in thousands):
Cash paid for equity interest | $ | 46,000 |
Cash paid for working capital | 5,150 |
Less: cash acquired | (10,331 | )
Cash consideration paid | 40,819 |
Accrued working capital adjustment | 1,687 |
Net purchase price | $ | 42,506 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary net purchase price allocation (in thousands):
Cash and cash equivalents | $ | 10,331 |
Accounts receivable | 10,273 |
Costs and estimated earnings in excess of billings on uncompleted contracts | 746 |
Other current assets | 454 |
Current assets | 21,804 |
Property, plant and equipment | 942 |
Goodwill | 35,146 |
Other intangible assets | 10,220 |
Total assets acquired | 68,112 |
Accounts payable | 962 |
Billings on uncompleted contracts in excess of costs and estimated earnings | 11,648 |
Other accrued expenses | 2,475 |
Current liabilities | 15,085 |
Other liabilities | 190 |
Net assets acquired | 52,837 |
Less: cash acquired | 10,331 |
Net purchase price | $ | 42,506 |
Business Acquisition, Pro Forma Information | The unaudited financial information in the table below summarizes the combined results of operations of Matrix Service Company and Houston Interests for the years ended June 30, 2017 and 2016, on a pro forma basis, as though the companies had been combined as of July 1, 2015. The pro forma financial information presented in the table below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at July 1, 2015 nor should it be taken as indicative of future consolidated results of operations.
| Twelve Months Ended
| June 30, 2017 | June 30, 2016
| (In thousands, except per share data)
Revenues | $ | 1,233,372 |  | $ | 1,427,313 |
Net income attributable to Matrix Service Company | $ | 7,326 |  | $ | 32,352 |
Basic earnings per common share | $ | 0.28 |  | $ | 1.22 |
Diluted earnings per common share | $ | 0.27 |  | $ | 1.19 |
Baillie Tank Equipment, Ltd. [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the final purchase price allocation (in thousands):
Current assets | $ | 5,574 |
Property, plant and equipment | 4,347 |
Goodwill | 7,030 |
Other intangible assets | 720 |
Other assets | 233 |
Total assets acquired | 17,904 |
Current liabilities | 1,669 |
Deferred income taxes | 329 |
Long-term debt | 1,858 |
Other liabilities | 407 |
Net assets acquired | 13,641 |
Less: cash acquired | 592 |
Net purchase price | $ | 13,049 |
HDB, Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the purchase price allocation (in thousands):
Current assets | $ | 1,645 |
Property, plant and equipment | 1,001 |
Tax deductible goodwill | 3,065 |
Other intangible assets | 900 |
Total assets acquired | 6,611 |
Current liabilities | 1,060 |
Net assets acquired | $ | 5,551 |

X
- Definition Consideration transferred [Table Text Block] + References No definition available. + Details
Name: | mtrx_ConsiderationtransferredTableTextBlock
Namespace Prefix: | mtrx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=mtrx_HoustonInterestsLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=mtrx_BaillieTankEquipmentLtd.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=mtrx_HDBInc.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |