XML 74 R28.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of business acquisition pro forma information | These operating expenditures have been reflected within the results of operations in the Pro Forma Financial Information as if they were incurred on January 1, 2021.
| YEAR ENDED DECEMBER 31,
| 2022 |  | 2021
Total Revenues | $ | 5,121,548 |  |  | $ | 4,939,511 |
Income from Continuing Operations | 571,381 |  |  | 391,625 |
Schedule of recognized identified assets acquired and liabilities assumed | A summary of the cumulative consideration paid and the allocation of the purchase price paid for all of our acquisitions (including asset acquisitions) in each respective year is as follows:
| 2023 |  | 2022 |  | 2021
| TOTAL |  | ITRENEW |  | OTHER FISCAL YEAR 2022 ACQUISITIONS |  | TOTAL |  | TOTAL
Cash Paid (gross of cash acquired)(1) | $ | 88,635 |  |  | $ | 749,596 |  |  | $ | 85,170 |  |  | $ | 834,766 |  |  | $ | 224,192 |
Fair Value of Noncontrolling Interests(2) | 78,598 |  |  | — |  |  | — |  |  | — |  |  | 3,878 |
Fair Value of Previously Held Equity Interest(2) | 99,718 |  |  | — |  |  | — |  |  | — |  |  | — |
Deferred Purchase Obligation, Purchase Price Holdbacks and Other(3) | 4,790 |  |  | 275,100 |  |  | 13,637 |  |  | 288,737 |  |  | 2,534 |
Settlement of Pre-Existing Relationships | 21,641 |  |  | — |  |  | — |  |  | — |  |  | — |
Total Consideration | 293,382 |  |  | 1,024,696 |  |  | 98,807 |  |  | 1,123,503 |  |  | 230,604 |
Fair Value of Identifiable Assets Acquired and Liabilities Assumed: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | 49,716 |  |  | 30,694 |  |  | 963 |  |  | 31,657 |  |  | 20,194 |
Accounts Receivable, Prepaid Expenses and Other Assets | 36,274 |  |  | 71,612 |  |  | 3,947 |  |  | 75,559 |  |  | 26,911 |
Property, Plant and Equipment | 140,668 |  |  | 7,541 |  |  | 93,722 |  |  | 101,263 |  |  | 150,095 |
Customer and Supplier Relationship Intangible Assets(4) | 14,330 |  |  | 487,600 |  |  | 3,672 |  |  | 491,272 |  |  | 35,181 |
Other Intangible Assets | 8,046 |  |  | 47,300 |  |  | 1,442 |  |  | 48,742 |  |  | 9,656 |
Operating Lease Right-of-Use Assets | 29,046 |  |  | 29,545 |  |  | 3,135 |  |  | 32,680 |  |  | 40,848 |
Debt Assumed | (22,413) |  |  | — |  |  | — |  |  | — |  |  | (9,026) |
Accounts Payable, Accrued Expenses and Other Liabilities | (19,323) |  |  | (60,157) |  |  | (2,069) |  |  | (62,226) |  |  | (22,733) |
Operating Lease Liabilities | (29,046) |  |  | (29,545) |  |  | (3,135) |  |  | (32,680) |  |  | (40,848) |
Deferred Income Taxes | (4,495) |  |  | (100,922) |  |  | (10,143) |  |  | (111,065) |  |  | (7,221) |
Total Fair Value of Identifiable Net Assets Acquired | 202,803 |  |  | 483,668 |  |  | 91,534 |  |  | 575,202 |  |  | 203,057 |
Goodwill Initially Recorded | $ | 90,579 |  |  | $ | 541,028 |  |  | $ | 7,273 |  |  | $ | 548,301 |  |  | $ | 27,547 |
(1)Cash paid for acquisitions, net of cash acquired in our Consolidated Statements of Cash Flows includes contingent and other payments of $2,930, $581 and $0 for the years ended December 31, 2023, 2022 and 2021, respectively, related to acquisitions made in the years prior to 2023, 2022 and 2021, respectively. (2)The fair values of the noncontrolling interests and the previously held equity interest were determined to be the respective interest’s proportionate share of the fair value of net assets acquired as of the acquisition date. (3)In 2022, Deferred purchase obligation, purchase price holdbacks and other includes $275,100 related to the original fair value estimate of the Deferred Purchase Obligation for the Remaining Interests. (4)The weighted average lives of customer and supplier relationship intangible assets associated with acquisitions in 2023, 2022 and 2021 were four years, 12 years and 11 years, respectively.

X
- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration