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BUSINESS ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2021
Business Combinations [Abstract] |
Schedule of Purchase Price Consideration |
Purchase Price Consideration (in millions) |  | Total Consideration
Cash payments |  | $ | 40.8 |
Fair value of stock issued |  | 8.9 |
Total purchase price consideration |  | $ | 49.7 |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:
(In thousands) |  |
Accounts receivable |  | $ | 4,397 |
Costs in excess of billings |  | 2,484 |
Non-compete agreements |  | 730 |
Customer relationships |  | 10,676 |
Goodwill |  | 38,612 |
Property and equipment |  | 85 |
Other assets |  | 2,456 |
Assets acquired |  | $ | 59,440 |
Current liabilities assumed |  | (9,781) |
Net assets acquired |  | $ | 49,659 |
Schedule of Pro Forma Unaudited Revenue and Earnings Included in Consolidated Results | The following represents the pro forma unaudited revenue and earnings as if CVI had been included in the consolidated results of the Company for the six months ended June 20, 2020 and 2021, respectively:
|  | Six months Ended June 30,
|  | 2020 |  | 2021
|  | (in thousands/unaudited)
Revenue |  | $ | 558,630 |  |  | $ | 536,576 |
Net income |  | $ | 7,938 |  |  | $ | 8,010 |

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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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- 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=121647850&loc=d3e4845-128472 + Details
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