Acquisitions and Disposals (Tables) - Houston Interests, LLC [Member]

12 Months Ended

Jun. 30, 2019

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 is as follows (in thousands):



Cash paid for equity interest	$	46,000
Cash paid for working capital	6,837
Less: cash acquired	(10,331		)
Net purchase price	$	42,506

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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



Assets Acquired:
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
Liabilities Acquired:
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
Total liabilities acquired	$	15,275
Net Purchase Price:
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 fiscal year ended June 30, 2017, on a pro forma basis, as though the companies had been combined as of July 1, 2016. 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, 2016 nor should it be taken as indicative of future consolidated results of operations.



	Fiscal Year Ended
	June 30, 2017
	(In thousands, except per share data)
Revenues	$	1,233,372
Net income attributable to Matrix Service Company	$	7,326
Basic earnings per common share	$	0.28
Diluted earnings per common share	$	0.27