v3.8.0.1

Business Acquisition (Tables) - Oakdale-Hampton Homes

3 Months Ended

Mar. 31, 2018

Business Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the calculation of the fair value of the total consideration transferred to Oakdale-Hampton Homes and its preliminary allocation to the assets acquired and liabilities assumed as of the acquisition date (in thousands):

Fair value of consideration transferred:
Cash paid for net assets		$	42,199
Contingent consideration (earn-out)			2,418
Total consideration transferred		$	44,617
Assets acquired and liabilities assumed:
Assets
Receivables and other assets		$	495
Land and other inventories			35,053
Property and equipment			798
Trade name			560
Goodwill			8,613
Total assets acquired			45,519
Liabilities
Accounts payable			749
Accrued and other liabilities			84
Customer deposits			69
Total liabilities assumed			902
Total net assets acquired		$	44,617

Pro Forma Operating Results

The following represents pro forma operating results as if Oakdale-Hampton Homes had been included in our consolidated statements of operations as of the beginning of the fiscal year presented (in thousands, except per share data):

		Three Months Ended
		March 31, 2017
Revenue		$	162,298
Net income			2,971
Basic earnings per share			0.13
Diluted earnings per share			0.13

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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+ References

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
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