Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

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