XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

BUSINESS COMBINATIONS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract] |
Summary of Purchase Price Paid for Acquisitions | A summary of the purchase price paid and the purchase price allocation for these acquisitions follows:
| Nine Months Ended September 30,
| 2021 |  | 2020
Purchase Price: |  |  |
Cash used in acquisitions, net of cash acquired | $ | 150,364 |  |  | $ | 23,062 |
Contingent consideration | 3,000 |  |  | — |
Holdbacks | 1,865 |  |  | 3,387 |
Total | 155,229 |  |  | 26,449 |
Allocated as follows: |  |  |
Current assets | 7,260 |  |  | 227 |
Operating lease right-of-use assets | 6,500 |  |  | — |
Land | 803 |  |  | 895 |
Finance lease right-of-use-assets | 31,467 |  |  | — |
Buildings and improvements | 8,468 |  |  | 1,908 |
Equipment | 42,458 |  |  | 10,006 |
Intangible assets | 41,759 |  |  | 7,159 |
Other liabilities, net | (5,120) |  |  | (306) |
Finance leases | (11,367) |  |  | — |
Fair value of assets acquired and liabilities assumed | 122,228 |  |  | 19,889 |
Excess purchase price allocated to goodwill | $ | 33,001 |  |  | $ | 6,560 |
Schedule of Unaudited Pro forma Combined Information | Unaudited pro forma combined information that shows our operational results as though each acquisition completed since the beginning of the prior fiscal year had occurred as of January 1, 2020 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenues | $ | 248,981 |  |  | $ | 225,580 |  |  | $ | 696,391 |  |  | $ | 646,004 |
Operating income | $ | 26,996 |  |  | $ | 20,100 |  |  | $ | 59,526 |  |  | $ | 43,660 |
Net income | $ | 14,996 |  |  | $ | 12,976 |  |  | $ | 26,542 |  |  | $ | 21,845 |
Basic earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 51,389 |  |  | 48,370 |  |  | 51,312 |  |  | 48,241 |
Basic earnings per common share | $ | 0.29 |  |  | $ | 0.27 |  |  | $ | 0.52 |  |  | $ | 0.45 |
Diluted earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 51,586 |  |  | 48,619 |  |  | 51,506 |  |  | 48,481 |
Diluted earnings per common share | $ | 0.29 |  |  | $ | 0.27 |  |  | $ | 0.52 |  |  | $ | 0.45 |

X
- 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
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration