Best way to populate a box with TimeZones

function formatOffset($offset) {
        $hours = $offset / 3600;
        $remainder = $offset % 3600;
        $sign = $hours > 0 ? '+' : '-';
        $hour = (int) abs($hours);
        $minutes = (int) abs($remainder / 60);

        if ($hour == 0 AND $minutes == 0) {
            $sign = ' ';
        }
        return $sign . str_pad($hour, 2, '0', STR_PAD_LEFT) .':'. str_pad($minutes,2, '0');

}

$utc = new DateTimeZone('UTC');
$dt = new DateTime('now', $utc);

echo '<select name="userTimeZone">';
foreach(DateTimeZone::listIdentifiers() as $tz) {
    $current_tz = new DateTimeZone($tz);
    $offset =  $current_tz->getOffset($dt);
    $transition =  $current_tz->getTransitions($dt->getTimestamp(), $dt->getTimestamp());
    $abbr = $transition[0]['abbr'];

    echo '<option value="' .$tz. '">' .$tz. ' [' .$abbr. ' '. formatOffset($offset). ']</option>';
}
echo '</select>';

The above will output all of the timezones in select menu with the following format:

<select name="userTimeZone">
<option value="America/Los_Angeles">America/Los_Angeles [PDT -7]</option>
</select>