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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Acquisitions

Schedule of pro forma results

For example, the pro forma results do not reflect any operating efficiencies and associated cost savings that we might have achieved with respect to the acquisition (in thousands, except per share amounts):

FIH

Acquisitions

Summary of the identifiable assets acquired and liabilities assumed

​

​	​	​	​
Purchase consideration (in thousands)	​	​	​
Total purchase consideration	​	$	615,249
Less cash acquired	​	​	(10,525)
Net cash paid	​	$	604,724

​

​	​	​	​
Identifiable assets acquired and liabilities assumed (in thousands)	​	​	​
Cash and cash equivalents	​	$	10,525
Accounts receivable	​	​	54,337
Contract assets	​	​	32,343
Prepaid expenses and other current assets	​	​	483
Property, plant and equipment	​	​	56,128
Operating lease assets	​	​	13,105
Intangible assets:	​		​
Customer relationships	​	​	122,000
Tradename	​	​	4,400
Other long-term assets	​		6,976
Accounts payable and accrued liabilities	​	​	(29,838)
Contract liabilities	​	​	(2,256)
Long-term debt (including current portion)	​	​	(959)
Noncurrent operating lease liabilities, net of current	​	​	(10,975)
Other long-term liabilities	​	​	(7,581)
Total identifiable net assets	​	​	248,688
Goodwill	​	​	366,561
Total purchase consideration	​	$	615,249

Schedule of pro forma results

​

​	​	​	​
​	​	Three Months Ended March 31,
​		2021
​	​	(unaudited)
Revenue	​	$	822,775
Income before provision for income taxes	​	​	15,057
Net income	​	​	10,693
​	​	​	​
Weighted average common shares outstanding:	​	​	​
Basic	​		49,665
Diluted	​		50,194
​	​	​	​
Earnings per share:	​	​	​
Basic	​	$	0.22
Diluted	​	​	0.21

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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-Paragraph 2
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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