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BUSINESS ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
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 three businesses acquired in 2023 totaled $13.4 million, which consisted of the following:
Purchase Price Consideration (in millions) | Total Consideration
Cash payments | $ | 10.7 |
Contingent consideration | 2.7 |
Total consideration | $ | 13.4 |
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 2023 acquisitions, as well as the fair value of the consideration transferred:
| Amount Recognized as of Acquisition Date
Cash | $ | 353 |
Accounts receivable | 2,335 |
Inventory | 355 |
Other current assets | 178 |
Non-compete agreements | 628 |
Customer relationships | 1,899 |
Property and equipment | 41 |
Operating lease ROU asset | 256 |
Other assets | 7 |
Assets acquired | 6,052 |
Short-term operating lease liability | (106) |
Current liabilities assumed | (1,442) |
Long-term operating lease liability | (150) |
Deferred tax liability | (679) |
Long-term liabilities assumed | (24) |
Net assets acquired | 3,651 |
Total Consideration | 13,419 |
Goodwill | $ | 9,768 |

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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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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