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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | NG&E acquired the Major Energy Companies on April 15, 2016 and the fair value of the net assets acquired were as follows (in thousands):
|  | Reported as of September 30, 2016 |  | Q4 2016 Adjustments (1) |  | Final as of December 31, 2016
Cash |  | 17,368 |  |  | — |  |  | $ | 17,368 |
Property and equipment |  | 14 |  |  | — |  |  | 14 |
Intangible assets - customer relationships & non-compete agreements |  | 24,271 |  |  | — |  |  | 24,271 |
Other assets - trademarks |  | 4,973 |  |  | — |  |  | 4,973 |
Non-current deferred tax assets |  | 1,042 |  |  | — |  |  | 1,042 |
Goodwill |  | 35,137 |  |  | (409 | ) |  | 34,728 |
Net working capital, net of cash acquired |  | (6,345 | ) |  | (401 | ) |  | (6,746 | )
Fair value of derivative liabilities |  | (7,260 | ) |  | — |  |  | (7,260 | )
Total |  | 69,200 |  |  | (810 | ) |  | 68,390 |
(1) Changes to the purchase price allocation in the fourth quarter of 2016 related to estimated working capital adjustments per the purchase agreement between NG&E and the Major Energy Companies as of December 31, 2016 and an adjustment to goodwill related to contingent consideration payable to NG&E. Accordingly, the assets acquired and liabilities assumed were based on their historical values as of July 31, 2015 as follows (in thousands):
|  | Final as of December 31, 2015
Cash |  | $ | 271 |
Net working capital, net of cash acquired |  | 1,831 |
Property and equipment |  | 38 |
Intangible assets - customer relationships |  | 7,824 |
Intangible assets - trademark |  | 602 |
Goodwill |  | 11,983 |
Fair value of derivative liabilities |  | (819 | )
Total |  | $ | 21,730 |
The allocation of the purchase consideration is as follows (in thousands):
|  | Reported as of September 30, 2016 |  | Q4 2016 Adjustments (1) |  | Final as of December 31, 2016
Cash |  | $ | 51 |  |  | $ | 380 |  |  | $ | 431 |
Net working capital, net of cash acquired |  | 1,229 |  |  | (417 | ) |  | 812 |
Intangible assets - customer relationships and non-compete agreements |  | 24,417 |  |  | — |  |  | 24,417 |
Intangible assets - trademark |  | 529 |  |  | — |  |  | 529 |
Goodwill |  | 26,040 |  |  | — |  |  | 26,040 |
Fair value of derivative liabilities |  | (18,163 | ) |  | — |  |  | (18,163 | )
Total |  | 34,103 |  |  | (37 | ) |  | 34,066 |
(1) | Changes to the purchase price allocation in the fourth quarter of 2016 were due to the settlement of final working capital balances per the purchase agreement.
The allocation of the purchase consideration is as follows (in thousands):
|  | Final as of December 31, 2015
Cash |  | $ | 371 |
Net working capital, net of cash acquired |  | 8,819 |
Property and equipment |  | 52 |
Intangible assets - customer relationships |  | 5,494 |
Intangible assets - trademark |  | 651 |
Goodwill |  | 6,396 |
Deferred tax liability |  | (191 | )
Fair value of derivative liabilities |  | (3,475 | )
Total |  | $ | 18,117 |
Combination of Entities under Common Control, Pro Forma Information | The following unaudited pro forma revenue and earnings summary presents consolidated information of the Company as if the acquisition had occurred on January 1, 2015 (in thousands):
| Year Ended December 31,
| 2016 | 2015
Revenue | $603,673 | $547,381
Earnings | $15,776 | $15,460

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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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