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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Aggregate Fair Values of Outstanding and Unearned Contingent Consideration Liabilities | The aggregate fair value of these outstanding contingent consideration liabilities and their classification in the accompanying consolidated balance sheets is as follows (in thousands):
|  | June 30, 2022 |  | December 31, 2021
Accounts payable and accrued expenses |  | $ | 4,949 |  |  | $ | 2,591 |
Insurance and other non-current liabilities |  | 142,524 |  |  | 140,482 |
Total contingent consideration liabilities |  | $ | 147,473 |  |  | $ | 143,073 |
Unaudited Supplemental Pro Forma Results of Operations | The following unaudited supplemental pro forma results of operations for Quanta, which incorporate the acquisitions completed in 2021, have been provided for illustrative purposes only and do not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts).
|  |  | Three Months Ended |  |  | Six Months Ended
|  |  | June 30, |  |  | June 30,
|  |  |  | 2021 |  |  |  | 2021
Revenues |  |  |  | $ | 3,862,768 |  |  |  |  | $ | 7,180,383 |
Gross profit |  |  |  | $ | 606,039 |  |  |  |  | $ | 1,105,600 |
Selling, general and administrative expenses |  |  |  | $ | (334,034) |  |  |  |  | $ | (639,909) |
Amortization of intangible assets |  |  |  | $ | (66,931) |  |  |  |  | $ | (134,506) |
Net income |  |  |  | $ | 145,806 |  |  |  |  | $ | 240,999 |
Net income attributable to common stock |  |  |  | $ | 143,868 |  |  |  |  | $ | 237,503 |
Earnings per share attributable to common stock: |  |  |  |  |  |  |  |
Basic |  |  |  | $ | 1.00 |  |  |  |  | $ | 1.65 |
Diluted |  |  |  | $ | 0.97 |  |  |  |  | $ | 1.60 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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