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Business Combinations and Dispositions (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Schedule of Calculation of Consideration Transferred | The calculation of consideration transferred is as follows (in thousands, except ratios and per share amounts):
Number of BMC common shares outstanding |  | 67,568 |
Exchange ratio for common shares outstanding per Merger Agreement |  | 1.3125 |
Shares of BFS common stock issued for BMC outstanding common stock |  | 88,683 |
Number of BMC stock awards that vested as a result of the BMC Merger |  | 688 |
Exchange ratio for stock awards expected to vest per Merger Agreement |  | 1.3125 |
Shares of BFS common stock issued for BMC vested restricted stock awards |  | 903 |
Price per share of BFS common stock | $ | 40.81 |
Fair value of BFS common stock issued for BMC outstanding common stock and vested equity awards | $ | 3,655,988 |
Fair value of modified BMC fully vested, unexercised options |  | 2,374 |
Total consideration transferred | $ | 3,658,362 |
Summary of Aggregate Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the aggregate fair values of the assets acquired and liabilities assumed for the BMC Merger and other acquisitions (in thousands):
|  | BMC Merger |  |  | All Other Acquisitions |  |  | Total |
Cash and cash equivalents |  | $ | 167,490 |  |  | $ | 34,727 |  |  | $ | 202,217 |
Accounts receivable |  |  | 469,204 |  |  |  | 94,316 |  |  |  | 563,520 |
Other receivables |  |  | 36,704 |  |  |  | 2,895 |  |  |  | 39,599 |
Inventories |  |  | 460,146 |  |  |  | 67,978 |  |  |  | 528,124 |
Other current assets |  |  | 32,891 |  |  |  | 3,099 |  |  |  | 35,990 |
Property, plant and equipment |  |  | 555,170 |  |  |  | 33,120 |  |  |  | 588,290 |
Operating lease right-of-use assets |  |  | 179,133 |  |  |  | 21,277 |  |  |  | 200,410 |
Goodwill |  |  | 1,751,604 |  |  |  | 614,609 |  |  |  | 2,366,213 |
Intangible assets |  |  | 1,470,000 |  |  |  | 301,550 |  |  |  | 1,771,550 |
Other assets |  |  | 6,244 |  |  |  | 619 |  |  |  | 6,863 |
Total assets |  | $ | 5,128,586 |  |  | $ | 1,174,190 |  |  | $ | 6,302,776 |
Accounts payable |  | $ | 279,980 |  |  | $ | 14,726 |  |  | $ | 294,706 |
Accrued liabilities |  |  | 246,119 |  |  |  | 35,401 |  |  |  | 281,520 |
Operating lease liabilities |  |  | 180,650 |  |  |  | 21,277 |  |  |  | 201,927 |
Long-term debt |  |  | 366,797 |  |  |  | 42 |  |  |  | 366,839 |
Deferred income taxes |  |  | 349,971 |  |  |  | 1,881 |  |  |  | 351,852 |
Other long-term liabilities |  |  | 46,707 |  |  |  | 535 |  |  |  | 47,242 |
Total liabilities |  | $ | 1,470,224 |  |  | $ | 73,862 |  |  | $ | 1,544,086 |
Total consideration transferred |  | $ | 3,658,362 |  |  | $ | 1,100,328 |  |  | $ | 4,758,690 |
Pro Forma Operating Results | The following table reflects the pro forma operating results for the Company which gives effect to the BMC Merger as if it had occurred on January 1, 2020 (in thousands).
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales |  | $ | 5,508,590 |  |  | $ | 3,385,793 |  |  | $ | 15,259,047 |  |  | $ | 9,019,232 |
Net income |  |  | 642,048 |  |  |  | 76,810 |  |  |  | 1,401,823 |  |  |  | 63,613 |

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