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Note 12 - Significant Transactions - Unaudited Pro Forma Information (Details) - GPT Acquisition [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2019
Pro forma total revenues (1) [1] $ 35,190 $ 103,097
Pro forma net income (2) [2] $ 2,226 $ 8,661
[1] Net revenues were adjusted to include net revenues of GPT.
[2] Pro forma adjustments to net earnings attributable to Mesa Labs include the following: Excludes interest expense attributable to GPT's external debt that was paid off as part of the acquisition. Additional depreciation expense of $66 based on the increased fair value of property, plant and equipment. Additional amortization expense of $4,801 for the nine months ended December 31, 2019 based on the increased fair value of amortizable intangible assets acquired, net of adjustments. For the nine months ended December 31, 2019, $358 additional stock based compensation expense representing expense for performance share units awarded to certain key GPT employees net of actual forfeitures. Income tax effect of the adjustments made at a blended federal and state statutory rate (approximately 25%).