ITEM 8.01 OTHER EVENTS
On
Unaudited Pro Forma Information
GPT's operations contributed
Year EndedMarch 31, 2020 2019
Pro forma total revenues (1)
(1) Net revenues were adjusted to include net revenues of GPT.
(2) Pro forma adjustments to net earnings attributable to Mesa include the following:
? Excludes acquisition-related transaction costs incurred in the year endedMarch 31, 2020 . ? Excludes interest expense attributable to GPT's external debt that was paid off as part of the acquisition. ? Additional amortization expense of$5,718 and$9,774 for the years endedMarch 31, 2020 andMarch 31, 2019 , respectively, based on the adjusted fair value of amortizable intangible assets acquired. ? Additional charge to cost of revenues of$11,818 was included in the year endedMarch 31, 2019 based on the step up value of inventory.$8,502 was excluded from the year endedMarch 31, 2020 based on the step up value of inventory which would have been included and fully amortized within the first year of the acquisition. ? Removal of non-cash impairment of goodwill in the amount of$20,676 recorded during GPT's fiscal year endedDecember 31, 2018 , which would not have been taken had the acquisition occurred onJanuary 1, 2018 . ? Additional stock based compensation expense representing expense for performance share units awarded to certain key GPT employees. ? Income tax effect of the adjustments made at a blended federal and state statutory rate (approximately 25%).
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