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BUSINESS ACQUISITIONS (Tables)

6 Months Ended

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 pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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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.

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