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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Rouse Services LLC [Member]

Business Acquisition [Line Items]

Schedule of purchase price allocation

​

​	​	​	​
​		December 8, 2020
Total cash consideration paid	​	$	249,537
Equity consideration paid for pre-combination services	​		1,459
Final purchase price	​	$	250,996

​

Rouse purchase price allocation

​	​	​	​
​		December 8, 2020
Purchase price	​	$	250,996
​	​
Assets acquired:	​
Cash and cash equivalents	​	$	226
Trade and other receivables	​		4,601
Other current assets	​	​	159
Property, plant and equipment	​		1,171
Other non-current assets	​		3,741
Deferred tax assets	​		7,584
Intangible assets	​		79,300
​	​
Liabilities assumed:	​
Trade and other liabilities	​		5,630
Other non-current liabilities	​	​	3,188
Deferred tax liabilities	​		936
​	​	​	​
Fair value of identifiable net assets acquired	​		87,028
Goodwill acquired on acquisition	​	$	163,968

​

Schedule of fair values of the identifiable intangible assets acquired and their related estimated useful lives

​

​	​	​	​	​	​
​	​	Fair value		​	Weighted average
Asset	​	at acquisition		​	amortization period
Customer relationships	​	$	71,000	​	15 years
Software and technology assets	​	​	7,500	​	4 years
Trade names and trademarks	​	​	800	​	2 years
Total	​	$	79,300	​	13.8 years

SmartEquip [Member]

Business Acquisition [Line Items]

Schedule of purchase price allocation

​

​	​	​	​
Purchase price	​	$	173,743
​	​
Assets acquired:	​
Cash and cash equivalents	​	$	2,039
Trade and other receivables	​		2,926
Other current assets	​	​	486
Property, plant and equipment	​		120
Other non-current assets	​		75
Deferred tax assets	​		8,932
Intangible assets	​		71,700
​	​
Liabilities assumed:	​
Trade and other liabilities	​		1,239
Deferred revenue	​	​	3,565
Other non-current liabilities	​	​	119
Deferred tax liabilities	​		18,192
​	​	​	​
Fair value of identifiable net assets acquired	​		63,163
Goodwill acquired on acquisition	​	$	110,580

Schedule of fair values of the identifiable intangible assets acquired and their related estimated useful lives

​

​	​	​	​	​	​
​	​	Fair value		​	Weighted average
Asset	​	at acquisition		​	amortization period
Customer relationships	​	$	50,700	​	4 - 15 years
Software and technology assets	​	​	18,900	​	7 years
Trade names and trademarks	​	​	1,000	​	3 years
Backlog	​	​	1,100	​	2 years
Total	​	$	71,700	​	11.3 years

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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