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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Allocation of Purchase Price | The following table summarizes the preliminary determination and recognition of assets acquired and liabilities assumed (in thousands):
|  |  |  |  | At Acquisition Date As Reported December 31, 2022
Accounts receivable |  |  |  |  | $ | 1,111 |
Inventories and supplies |  |  |  |  | 5,816 |
Prepaid expenses and other current assets |  |  |  |  | 144 |
Property, plant and equipment |  |  |  |  | 19,605 |
Permits and other intangibles |  |  |  |  | 23,500 |
Operating lease right-of-use assets |  |  |  |  | 585 |
Other non-current assets |  |  |  |  | 13 |
Current liabilities |  |  |  |  | (3,271) |
Current portion of operating lease liabilities |  |  |  |  | (186) |
Operating lease liabilities, less current portion |  |  |  |  | (399) |
Other long-term liabilities |  |  |  |  | (55) |
Total identifiable net assets |  |  |  |  | 46,863 |
Goodwill |  |  |  |  | 32,015 |
Total purchase price |  |  |  |  | $ | 78,878 |
The following table summarizes the final determination and recognition of assets acquired and liabilities assumed (in thousands):
| At Acquisition Date As Reported December 31, 2021 |  | Measurement Period Adjustments |  | Final Allocation at Acquisition Date As Reported December 31, 2022
Accounts receivable, including unbilled receivables | $ | 131,924 |  |  | $ | (408) |  |  | $ | 131,516 |
Inventories and supplies | 3,162 |  |  | — |  |  | 3,162 |
Prepaid expenses and other current assets | 16,016 |  |  | 275 |  |  | 16,291 |
Property, plant and equipment | 313,540 |  |  | 857 |  |  | 314,397 |
Other intangibles | 289,000 |  |  | — |  |  | 289,000 |
Operating lease right-of-use assets | 34,347 |  |  | 68 |  |  | 34,415 |
Other non-current assets | 1,045 |  |  | (83) |  |  | 962 |
Current liabilities | (115,704) |  |  | (3,150) |  |  | (118,854) |
Current portion of operating lease liabilities | (11,659) |  |  | 382 |  |  | (11,277) |
Operating lease liabilities, less current portion | (26,128) |  |  | (216) |  |  | (26,344) |
Deferred tax liabilities | (85,908) |  |  | 5,522 |  |  | (80,386) |
Other long-term liabilities | (2,685) |  |  | (1,485) |  |  | (4,170) |
Total identifiable net assets | 546,950 |  |  | 1,762 |  |  | 548,712 |
Goodwill (i) | 683,463 |  |  | (6,762) |  |  | 676,701 |
Total purchase price | $ | 1,230,413 |  |  | $ | (5,000) |  |  | $ | 1,225,413 |
_____________ (i) Goodwill represents the excess of the fair value of the net assets acquired over the purchase price. Goodwill of $676.7 million was assigned to the Environmental Sales and Service reporting unit and is attributable to the future economic benefits arising from the acquired operations, synergies and the acquired workforce of HydroChemPSC. None of the goodwill related to this acquisition will be deductible for tax purposes
Business Acquisition, Pro Forma Information | The following table presents unaudited pro forma combined summary financial information for the years ended December 31, 2021 and December 31, 2020, respectively, and assumes the acquisition of HydroChemPSC occurred on January 1, 2020 (in thousands):
| 2021 |  | 2020
Pro forma combined revenues | $ | 4,380,724 |  |  | $ | 3,859,430 |
Pro forma combined net income | 229,807 |  |  | 149,219 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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