BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

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 2022 acquisitions had been included in the consolidated results of the Company for the full year periods ending December 31, 2022 and 2021, respectively. In addition, the pro forma results also assume that all of the 2021 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,
	2022		2021
	($ in thousands)
Revenue	$	1,499,119	1,174,387
Net income	$	50,983	25,807

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

In aggregate, the acquisition-date fair value of the consideration transferred for the four businesses acquired in 2022 totaled $67.9 million, which consisted of the following:


Purchase Price Consideration (in millions)	Total Consideration
Cash payments	$	53.9
Fair value of stock issued	5.8
Contingent consideration	8.2
Total consideration	$	67.9

Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following tables summarize the estimated fair values of the assets acquired and liabilities assumed at the acquisition date for the 2022 acquisitions, as well as the fair value of the consideration transferred:


Acquisitions
	Cisco Recognized as of Acquisition Date		Measurement Period Adjustments (1)		Cisco Recognized as of Acquisition Date (As Adjusted)		All Other		Total

Cash	$	4,352	$	—	$	4,352	$	743	$	5,095
Accounts receivable	5,173		—		5,173		5,952		11,125
Other receivables	—		—		—		52		52
Inventory	3,032		—		3,032		37		3,069
Other current assets	472		(339)		133		4		137
Non-compete agreements	878		(1)		877		504		1,381
Customer relationships	10,730		6,070		16,800		1,249		18,049
Property and equipment	1,187		—		1,187		127		1,314
Operating lease ROU asset	2,168		—		2,168		—		2,168
Other assets	—		—		—		2		2
Assets acquired	$	27,992	$	5,730	$	33,722	$	8,670	$	42,392
Short-term operating lease liability	(463)		—		(463)		—		(463)
Current liabilities assumed	(5,208)		—		(5,208)		(1,069)		(6,277)
Long-term operating lease liability	(1,705)		—		(1,705)		—		(1,705)
Deferred tax liability	(2,897)		(1,612)		(4,509)		(389)		(4,898)
Net assets acquired	$	17,719	$	4,118	$	21,837	$	7,212	$	29,049
Total Consideration	52,184		147		52,331		15,556		67,887
Goodwill	$	34,465	$	(3,971)	$	30,494	$	8,344	$	38,838

(1) The measurement period adjustments primarily related to the final valuation of intangible assets related to the acquisition of Cisco.