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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Fair Value Consideration Transferred Sterling completed the PPG Acquisition for a purchase price of $56,731, net of cash acquired, detailed as follows:
Cash consideration transferred, net of cash acquired$50,002 
Earn-out (1)
4,500
Target working capital adjustment2,229
Total fair value of consideration$56,731 
(1) The earn-out arrangement requires the Company to pay up to $20,000 based upon PPG’s achievement of certain cumulative EBITDA targets for a three year period ending on December 31, 2026. No payment shall be made if the cumulative EBITDA targets are not achieved.
Schedule of Preliminary Purchase Price Allocation
The following table summarizes our preliminary purchase price allocation at the acquisition closing date, net of cash acquired:
Net tangible assets:
Accounts receivable$2,594 
Other current assets1,460 
Property and equipment, net1,679 
Other non-current assets, net2,394 
Accounts payable(1,268)
Deferred tax liability(10,502)
Other current and non-current liabilities(2,551)
Total net tangible liabilities(6,194)
Identifiable intangible assets44,500 
Goodwill18,425 
Total fair value of consideration transferred$56,731 
Schedule of Identifiable Intangible Assets Acquired The estimated useful lives for intangible assets were determined based upon the remaining useful economic lives of the intangible assets that are expected to contribute directly or indirectly to future cash flows.
Weighted Average Life (Years)November 16, 2023
Fair Value
Customer relationships20$43,400 
Trade names151,100 
Total$44,500 
Schedule of Proforma Information This pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the pro forma events taken place on the dates indicated. Further, the pro forma financial information does not purport to project the future operating results of the combined company following the PPG Acquisition.
 Years Ended December 31,
 20232022
Pro forma revenue$2,033,081 $1,820,870 
Pro forma net income from Continuing Operations$149,036 $105,093 
From the acquisition closing date of November 16, 2023 through December 31, 2023, revenue associated with the PPG Acquisition totaled approximately $6,700 and its net income did not have a material impact on our results of operations.