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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
BlackHorse Solutions, Inc. |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 15,428 |
Accounts receivable |  |  | 3,351 |
Contract assets |  |  | 5,979 |
Prepaid expenses and other current assets |  |  | 937 |
Property and equipment |  |  | 2,239 |
Right of use assets, operating leases |  |  | 6,157 |
Goodwill |  |  | 143,830 |
Intangible assets |  |  | 64,000 |
Accounts payable |  |  | (2,326 | )
Accrued expenses and other current liabilities |  |  | (17,190 | )
Contract liabilities |  |  | (320 | )
Short-term lease liabilities, operating leases |  |  | (1,011 | )
Long-term lease liabilities, operating leases |  |  | (5,146 | )
Deferred tax liabilities |  |  | (10,660 | )
Other long-term liabilities |  |  | (235 | )
Net assets acquired |  | $ | 205,033 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period
|  |  |  |  |  | (in years)
Customer relationships |  | $ | 39,000 |  |  | 16
Backlog |  |  | 22,000 |  |  | 3
Trade name |  |  | 1,000 |  |  | 2
Developed technologies |  |  | 1,000 |  |  | 3
Non-compete agreements |  |  | 1,000 |  |  | 3
Schedule of Supplemental Pro Forma Information | Supplemental information on an unaudited pro forma basis, as if the acquisition closed as of the beginning of the fiscal year ended December 31, 2020 as follows (in thousands):
|  | 2021 |  |  | 2020 |
|  | (unaudited) |  |  | (unaudited) |
Pro forma Revenue |  | $ | 3,699,227 |  |  | $ | 3,966,809 |
Pro forma Net Income including noncontrolling interests |  |  | 93,592 |  |  |  | 108,008 |
Braxton Science & Technology Group |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on the purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 7,006 |
Accounts receivable |  |  | 18,163 |
Contract assets |  |  | 8,350 |
Prepaid expenses and other current assets |  |  | 3,036 |
Property and equipment |  |  | 5,114 |
Right of use assets, operating leases |  |  | 10,788 |
Goodwill |  |  | 212,185 |
Intangible assets |  |  | 74,950 |
Accounts payable |  |  | (7,464 | )
Accrued expenses and other current liabilities |  |  | (9,845 | )
Contract liabilities |  |  | (300 | )
Short-term lease liabilities, operating leases |  |  | (1,915 | )
Long-term lease liabilities, operating leases |  |  | (8,873 | )
Deferred tax liabilities |  |  | (1,694 | )
Net assets acquired |  | $ | 309,501 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period
|  |  |  |  |  | (in years)
Customer relationships |  | $ | 34,100 |  |  | 12
Backlog |  |  | 38,200 |  |  | 3
Developed technologies |  |  | 2,000 |  |  | 6
Non-compete agreements |  |  | 650 |  |  | 3
Schedule of Supplemental Pro Forma Information | Supplemental information of unaudited pro forma operating results assuming the Braxton acquisition had been consummated as of the beginning of 2019 (in thousands) is as follows:
|  | 2020 |  |  | 2019 |
|  | (unaudited) |  |  | (unaudited) |
Pro forma Revenue |  | $ | 4,039,420 |  |  | $ | 4,042,810 |
Pro forma Net Income including noncontrolling interests |  |  | 125,298 |  |  |  | 126,076 |
QRC Technologies |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on the purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 5,925 |
Accounts receivable |  |  | 5,587 |
Prepaid expenses and other current assets |  |  | 5,727 |
Property and equipment |  |  | 1,205 |
Right of use assets, operating leases |  |  | 5,228 |
Goodwill |  |  | 125,091 |
Intangible assets |  |  | 76,200 |
Accounts payable |  |  | (1,567 | )
Accrued expenses and other current liabilities |  |  | (4,025 | )
Short-term lease liabilities, operating leases |  |  | (545 | )
Long-term lease liabilities, operating leases |  |  | (4,683 | )
Net assets acquired |  | $ | 214,143 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period |
|  |  |  |  |  | (in years) |
Customer relationships |  | $ | 49,800 |  |  |  | 12 |
Developed technologies |  |  | 21,800 |  |  | 3 to 5 |
In-process research and development |  |  | 1,800 |  |  | 3 to 5 |
Non-compete agreements |  |  | 1,200 |  |  |  | 4 |
Trade name |  |  | 800 |  |  |  | 2 |
Backlog |  |  | 800 |  |  |  | 1 |
Schedule of Supplemental Pro Forma Information | Supplemental information of unaudited pro forma operating results assuming the QRC Technologies acquisition had been consummated as of the beginning of fiscal year 2018 (December 30, 2017) (in thousands) is as follows:
|  | 2019 |
|  | (unaudited) |
Pro forma Revenue |  | $ | 3,976,361 |
Pro forma Net Income including noncontrolling interests |  |  | 138,692 |
O G Systems |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on the purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 5,772 |
Accounts receivable |  |  | 9,904 |
Contract assets |  |  | 9,747 |
Prepaid expenses and other current assets |  |  | 4,307 |
Property and equipment |  |  | 4,085 |
Right of use assets, operating leases |  |  | 8,826 |
Goodwill |  |  | 183,540 |
Intangible assets |  |  | 92,300 |
Other noncurrent assets |  |  | 10 |
Accounts payable |  |  | (5,450 | )
Accrued expenses and other current liabilities |  |  | (7,147 | )
Contract liabilities |  |  | (1,300 | )
Short-term lease liabilities, operating leases |  |  | (805 | )
Income tax payable |  |  | (1,178 | )
Deferred tax liabilities |  |  | (1,195 | )
Long-term lease liabilities, operating leases |  |  | (8,021 | )
Other long-term liabilities |  |  | (1,015 | )
Net assets acquired |  | $ | 292,380 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period |
|  |  |  |  |  | (in years) |
Customer relationships |  | $ | 57,100 |  |  |  | 5 |
Backlog |  |  | 27,700 |  |  |  | 3 |
Trade name |  |  | 3,800 |  |  |  | 2 |
Non-compete agreements |  |  | 2,400 |  |  |  | 3 |
Developed technologies |  | $ | 1,300 |  |  |  | 3 |
Schedule of Supplemental Pro Forma Information | Supplemental information of unaudited pro forma operating results assuming the OGSystems acquisition had been consummated as of the beginning of fiscal year 2018 (December 30, 2017) (in thousands) is as follows:
|  | 2019 |
|  | (unaudited) |
Pro forma Revenue |  | $ | 3,956,767 |
Pro forma Net Income including noncontrolling interests |  |  | 134,046 |

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