Acquisitions (Tables)

6 Months Ended

Dec. 31, 2016

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Consideration transferred [Table Text Block]

The Company purchased all of the equity interests of Houston Interests for $39.8 million in cash, net of working capital adjustments and cash acquired. The consideration paid is as follows (in thousands):



Cash paid for equity interest	$	46,000
Cash paid for working capital	4,129
Less: cash acquired	(10,331		)
Net purchase price	$	39,798

Schedule of Preliminary Purchase Price Allocation

The following table summarizes the preliminary net purchase price allocation (in thousands):



Current assets	$	20,803
Property, plant and equipment	942
Goodwill	35,028
Other intangible assets	10,220
Total assets acquired	66,993
Current liabilities	16,674
Other liabilities	190
Net assets acquired	50,129
Cash	10,331
Net purchase price	$	39,798

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 three and six months ended December 31, 2016 and 2015, 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.



	Three Months Ended				Six Months Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
	(In thousands, except per share data)
Revenues	$	329,523	$	357,975	$	690,485	$	712,158
Net income attributable to Matrix Service Company	$	7,884	$	9,445	$	18,763	$	17,928
Basic earnings per common share	$	0.30	$	0.35	$	0.71	$	0.68
Diluted earnings per common share	$	0.29	$	0.35	$	0.70	$	0.67

Baillie Tank Equipment, Ltd. [Member]

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Schedule of Preliminary Purchase Price Allocation

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
Cash acquired	592
Net purchase price	$	13,049