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Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of acquisition | The following table summarizes the allocation of the opening balance sheet as of the date of the Powerline Plus Companies acquisition through June 30, 2022:
(in thousands) |  | (as of acquisition date) January 4, 2022 |  | Measurement Period Adjustments |  | Acquisition Allocation June 30, 2022
Cash paid |  | $ | 114,429 |  |  | $ | — |  |  | $ | 114,429 |
Contingent consideration - fair value at acquisition date |  | 10,608 |  |  | — |  |  | 10,608 |
Preliminary estimated net asset adjustments |  | 563 |  |  | (564) |  |  | (1) |
Total consideration, net of estimated net asset adjustments |  | 125,600 |  |  | (564) |  |  | 125,036 |
Less: Acquired cash |  | (3,853) |  |  | — |  |  | (3,853) |
Total consideration less cash acquired, net of estimated net asset adjustments |  | $ | 121,747 |  |  | $ | (564) |  |  | $ | 121,183 |
Cash and cash equivalents |  | $ | 3,853 |  |  | $ | — |  |  | $ | 3,853 |
Accounts receivable, net |  | 12,131 |  |  | (52) |  |  | 12,079 |
Contract assets, net |  | 12,443 |  |  | 148 |  |  | 12,591 |
Refundable income taxes |  | 394 |  |  | 280 |  |  | 674 |
Prepaid expenses and other current assets |  | 1,233 |  |  | (121) |  |  | 1,112 |
Property and equipment |  | 10,366 |  |  | — |  |  | 10,366 |
Operating lease right-of-use assets |  | 6,631 |  |  | — |  |  | 6,631 |
Accounts payable |  | (8,095) |  |  | (466) |  |  | (8,561) |
Contract liabilities |  | (1,597) |  |  | (95) |  |  | (1,692) |
Accrued income taxes |  | (686) |  |  | (37) |  |  | (723) |
Current portion of operating lease obligations |  | (1,224) |  |  | — |  |  | (1,224) |
Current portion of finance lease obligations |  | (1,492) |  |  | — |  |  | (1,492) |
Deferred income tax liabilities |  | (672) |  |  | (221) |  |  | (893) |
Operating lease obligations, net of current maturities |  | (4,897) |  |  | — |  |  | (4,897) |
Finance lease obligations, net of current maturities |  | (3,243) |  |  | — |  |  | (3,243) |
Net identifiable assets and liabilities |  | 25,145 |  |  | (564) |  |  | 24,581 |
Unallocated intangible assets |  | 56,650 |  |  | 791 |  |  | 57,441 |
Total acquired assets and liabilities |  | 81,795 |  |  | 227 |  |  | 82,022 |
Goodwill |  | $ | 43,805 |  |  | $ | (791) |  |  | $ | 43,014 |

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- 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
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