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Acquisitions (Tables) | 9 Months Ended
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Mar. 31, 2017
Houston Interests, LLC [Member] |
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 $40.8 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 | 5,150 |
Less: cash acquired | (10,331 | )
Net purchase price | $ | 40,819 |
Schedule of Preliminary Purchase Price Allocation | The following table summarizes the preliminary net purchase price allocation (in thousands):
Current assets | $ | 21,804 |
Property, plant and equipment | 942 |
Goodwill | 35,048 |
Other intangible assets | 10,220 |
Total assets acquired | 68,014 |
Current liabilities | 16,674 |
Other liabilities | 190 |
Net assets acquired | 51,150 |
Cash | 10,331 |
Net purchase price | $ | 40,819 |
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 nine months ended March 31, 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.
| Three Months Ended | Nine Months Ended
| March 31, 2017 | March 31, 2016 | March 31, 2017 | March 31, 2016
| (In thousands, except per share data)
Revenues | $ | 251,237 |  | $ | 334,228 |  | $ | 941,536 |  | $ | 1,047,246 |
Net income (loss) attributable to Matrix Service Company | $ | (13,202 | ) | $ | 4,113 |  | $ | 5,231 |  | $ | 22,623 |
Basic earnings (loss) per common share | $ | (0.50 | ) | $ | 0.15 |  | $ | 0.20 |  | $ | 0.85 |
Diluted earnings (loss) per common share | $ | (0.50 | ) | $ | 0.15 |  | $ | 0.19 |  | $ | 0.83 |
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 |

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- 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
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