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Acquisitions and Disposition (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the purchase price allocation of the estimated fair values as of the date of acquisition of the assets acquired and liabilities assumed:
Fair value of assets acquired and liabilities assumed (in thousands): |
Cash | $ | 38,493 |
Accounts receivable | 35,998 |
Inventories | 49,480 |
Prepaid expenses and other current assets | 17,388 |
Property and equipment | 12,826 |
Goodwill | 694,726 |
Other definite-lived intangible assets | 42,100 |
Other assets | 27,201 |
Accounts payable | (53,753) |
Deferred revenue | (39,227) |
Accrued expenses and other current liabilities | (44,088) |
Current maturities of long-term debt | (7,643) |
Other liabilities | (7,960) |
Long-term debt | (15,112) |
Total consideration transferred | $ | 750,429 |
The following table summarizes the purchase price allocation of the estimated fair values as of the date of acquisition of the assets acquired and liabilities assumed:
Fair value of assets acquired and liabilities assumed (in thousands): |
Cash | $ | 3,437 |
Accounts receivable | 15,269 |
Inventories | 17,950 |
Prepaid expenses and other current assets | 17,807 |
Property and equipment | 16,486 |
Goodwill | 252,239 |
Contracts and related customer relationships | 17,400 |
Other assets | 18,520 |
Accounts payable | (14,937) |
Deferred revenue | (1,170) |
Accrued expenses and other current liabilities | (29,223) |
Deferred tax liabilities | (7,655) |
Other liabilities | (15,760) |
Total consideration transferred | $ | 290,363 |
Summary of Business Acquisition, Pro Forma Information | The following summary, prepared on a pro forma basis, presents the Company’s unaudited consolidated results of operations for 2021 and 2020 as if the Sunpro Solar Acquisition had been completed as of January 1, 2020. The pro forma results below include the impact of certain adjustments related to the amortization of intangible assets, acquisition-related costs incurred as of the acquisition date, and in each case, the related income tax effects, as well as certain other post-acquisition adjustments directly attributable to the acquisition. This pro forma presentation does not include any impact of transaction synergies. The pro forma results are not necessarily indicative of the results of operations that actually would have been achieved had the Sunpro Solar Acquisition been consummated as of that date:
|  | Years Ended December 31,
(in thousands) |  | 2021 |  | 2020
Total revenue |  | $ | 5,905,148 |  |  | $ | 5,590,880 |
Net income (loss) |  | $ | (328,099) |  |  | $ | (680,992) |

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- Definition 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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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