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BUSINESS COMBINATIONS (Tables) | 9 Months Ended
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Sep. 30, 2022
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 acquisitions follows:
| Nine Months Ended September 30,
| 2022 |  | 2021
Purchase Price: |  |  |
Cash used in acquisitions, net of cash acquired | $ | 72,731 |  |  | $ | 150,364 |
Other non-cash consideration | 1,220 |  |  | — |
Holdbacks to sellers and contingent consideration | 4,112 |  |  | 4,865 |
Total consideration | $ | 78,063 |  |  | $ | 155,229 |
Allocated as follows: |  |  |
Current assets | $ | 7,599 |  |  | $ | 7,260 |
Property, plant and equipment: |  |  |
Land | 3,141 |  |  | 803 |
Finance lease right-of-use-assets | — |  |  | 31,467 |
Buildings and improvements | 8,566 |  |  | 8,468 |
Machinery and equipment | 10,296 |  |  | 42,458 |
Operating lease right-of-use assets | 405 |  |  | 6,500 |
Intangible assets: |  |  |
Trade names | — |  |  | 8,350 |
Covenants not-to-compete | 2,034 |  |  | 3,069 |
Customer relationships | 11,417 |  |  | 30,340 |
Other non-current assets | 40 |  |  | — |
Current liabilities | (3,721) |  |  | (5,952) |
Other long-term liabilities | (123) |  |  | — |
Financing lease liabilities, less current portion | — |  |  | (10,535) |
Operating lease liabilities, less current portion | (282) |  |  | — |
Fair value of assets acquired and liabilities assumed | 39,372 |  |  | 122,228 |
Excess purchase price allocated to goodwill | $ | 38,691 |  |  | $ | 33,001 |
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, 2021 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues | $ | 295,512 |  |  | $ | 262,000 |  |  | $ | 825,020 |  |  | $ | 733,819 |
Operating income | $ | 36,247 |  |  | $ | 28,516 |  |  | $ | 79,473 |  |  | $ | 64,360 |
Net income | $ | 22,635 |  |  | $ | 15,308 |  |  | $ | 44,888 |  |  | $ | 27,993 |
Basic earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 51,677 |  |  | 51,389 |  |  | 51,604 |  |  | 51,312 |
Basic earnings per common share | $ | 0.44 |  |  | $ | 0.30 |  |  | $ | 0.87 |  |  | $ | 0.55 |
Diluted earnings per share attributable to common stockholders: |  |  |  |  |  |  |
Weighted average common shares outstanding | 51,806 |  |  | 51,586 |  |  | 51,749 |  |  | 51,506 |
Diluted earnings per common share | $ | 0.44 |  |  | $ | 0.30 |  |  | $ | 0.87 |  |  | $ | 0.54 |

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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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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