Business Combinations and Dispositions (Tables)

12 Months Ended

Dec. 31, 2021

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 these acquisitions during the year ended December 31, 2021, (in thousands):

	BMC Merger		All Other Acquisitions		Total
Cash and cash equivalents	$	167,490	$	44,469	$	211,959
Accounts receivable		428,221		146,742		574,963
Other receivables		36,704		6,660		43,364
Inventories		460,146		116,571		576,717
Contract assets		40,983		6,014		46,997
Other current assets		32,891		3,716		36,607
Property, plant and equipment		555,170		70,419		625,589
Operating lease right-of-use assets		179,133		44,083		223,216
Goodwill		1,751,604		743,207		2,494,811
Intangible assets		1,470,000		372,100		1,842,100
Other assets		6,244		641		6,885
Total assets	$	5,128,586	$	1,554,622	$	6,683,208

Accounts payable	$	279,980	$	19,808	$	299,788
Accrued liabilities		201,046		47,407		248,453
Contract liabilities		45,072		22,436		67,508
Operating lease liabilities		180,650		44,083		224,733
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	$	136,192	$	1,606,416

Total consideration transferred	$	3,658,363	$	1,418,430	$	5,076,793

Unaudited Pro Forma Operating Results

The following table reflects the unaudited 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).

	Twelve Months Ended December 31,
	2021		2020
	(in thousands)
Net sales	$	19,893,856	$	12,766,114
Net income		1,874,632		240,699