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BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Pro Forma Financial Results (Unaudited)

The following represents the pro forma unaudited revenue and net income as if each of the 2021 acquisitions had been included in the consolidated results of the Company for the full year periods ending December 31, 2021 and 2020, respectively. In addition, the pro forma results also assume that all of the 2020 acquisitions had been consummated as of January 1, 2020. The pro forma information is not necessarily indicative of future results:

									Fiscal Year Ending December 31,
									2021						2020
									($ in thousands)
			Revenue						$	1,121,723					$	1,164,631
			Net income						$	17,542					$	(9,660)

Schedule of Purchase Price Allocation and Consideration Transferred and Estimated Fair Values of Assets Acquired and Liabilities Assumed

Purchase Price Allocation and Consideration

The following tables summarize the estimated fair values of the assets acquired and liabilities assumed at the acquisition date for the 2021 acquisitions, as well as the fair value of the consideration transferred:

			($ in thousands)			2021
			Cash			$	1,292
			Accounts receivable			6,781
			Inventory			—
			Other current assets			5,166
			Property and equipment			268
			Non-compete agreements			1,041
			Customer relationships			15,218
			Goodwill			45,749
			Other assets			7
			Assets acquired			$	75,522
			Current liabilities assumed			(10,431)
			Net assets acquired			$	65,091

In aggregate, the acquisition-date fair value of the consideration transferred for the three businesses acquired in 2021 totaled $65.1 million, which consisted of the following:

			Purchase Price Consideration (in millions)			Total Consideration
			Cash payments			$	53.7
			Fair value of stock issued			11.1
			Future consideration			0.3
			Total consideration			$	65.1

The fair values of the assets acquired and liabilities assumed for the 2020 acquisitions, as well as the fair value of the consideration transferred were as follows:

			Purchase Price Consideration (in thousands)			Total Consideration
			Cash payments			$	115,247
			Fair value of stock issued (1,480,909 shares)			29,367
			Future consideration *			13,428
			Total consideration			$	158,042
			Cash			$	1
			Accounts Receivable			20,646
			Inventory			7,085
			Other Current Assets			190
			Property and equipment			1,811
			Non-compete agreements			2,332
			Customer relationships			37,465
			Goodwill			105,555
			Other assets			96
			Assets acquired			$	175,181
			Current liabilities assumed			(10,437)
			Deferred tax liability			(6,702)
			Net assets acquired			$	158,042
			*The future consideration was paid in July 2022.

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

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- References

No definition available.

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X

- 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

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