XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Business Combinations [Abstract] |
Summary of Preliminary Purchase Price Allocations Reflecting Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following tables summarize the preliminary purchase price allocations reflecting estimated fair values of assets acquired and liabilities assumed in the Design Space and Kitchens To Go acquisitions, with excess amounts allocated to goodwill. Design Space:
(dollar amounts in thousands) |  |  |  |
Rental equipment |  | $ | 116,272 |
Intangible assets: |  |  |  |
Goodwill |  |  | 101,874 |
Customer relationships |  |  | 37,900 |
Non-compete |  |  | 2,500 |
Customer backlog |  |  | 1,600 |
Accounts receivable, net of allowance for doubtful accounts of $125 |  |  | 12,025 |
Property, plant and equipment |  |  | 4,139 |
Prepaid expenses and other assets |  |  | 5,366 |
Accounts payable and accrued liabilities |  |  | (11,613 | )
Deferred income |  |  | (2,784 | )
Total purchase price |  | $ | 267,279 |
Kitchens To Go:
(dollar amounts in thousands) |  |  |  |
Rental equipment |  | $ | 12,853 |
Intangible assets: |  |  |  |
Goodwill |  |  | 2,322 |
Customer relationships |  |  | 1,700 |
Trade name |  |  | 1,200 |
Non-compete |  |  | 600 |
Customer backlog |  |  | 300 |
Accounts receivable |  |  | 212 |
Property, plant and equipment |  |  | 365 |
Prepaid expenses and other assets |  |  | 1,199 |
Accounts payable and accrued liabilities |  |  | (1,659 | )
Deferred income |  |  | (747 | )
Total purchase price |  | $ | 18,345 |
Summary of Pro Forma Data | This pro forma data is presented for informational purposes only and does not purport to be indicative of the results of the future operations or the results that would have occurred had the acquisitions taken place in the periods noted below:
|  | Nine months ended September 30, |
(dollar amounts in thousands, except for per share amounts) |  | 2021 |  |  | 2020 |
Pro-forma total revenues |  | $ | 471,955 |  |  | $ | 496,963 |
Pro-forma net income |  | $ | 64,618 |  |  | $ | 76,585 |
Pro-forma basic earnings per share |  | $ | 2.67 |  |  | $ | 3.17 |
Pro-forma diluted earnings per share |  | $ | 2.64 |  |  | $ | 3.12 |
Design Space and Kitchens To Go |  |  |  |  |  |  |  |
Actual total revenues |  | $ | 22,191 |  |  |  |  |
Actual net income |  | $ | 177 |  |  |  |  |
Actual basic earnings per share |  | $ | 0.01 |  |  |  |  |
Actual diluted earnings per share |  | $ | 0.01 |  |  |  |  |

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_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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