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Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of Preliminary Allocation of Assets and Liabilities

The following table summarizes the preliminary fair value of the assets and liabilities as of the acquisition date of October 1, 2021:

 

 

 

 

Cash and cash equivalents

$

14.6

 

Accounts receivable

 

132.2

 

Prepaid expenses and other assets

 

6.3

 

Operating lease right-of-use asset

 

8.7

 

Goodwill

 

519.6

 

Intangible assets subject to amortization, customer relationship

 

360.0

 

Accounts payable

 

(40.5

)

Employee compensation payable

 

(15.0

)

Accrued liabilities

 

(7.9

)

Accrued payroll taxes and insurance

 

(11.2

)

Value added taxes payable

 

(12.2

)

Long-term operating lease liability

 

(5.9

)

Other long-term liabilities

 

(17.8

)

Total assets and liabilities

$

930.9

 

The following table summarizes the fair value of the assets and liabilities as of the acquisition date of April 3, 2019:

 

 

 

Cash and cash equivalents

$

317.5

 

Accounts receivable

 

60.4

 

Prepaid expenses and other assets

 

31.4

 

Goodwill

 

33.8

 

Intangible assets subject to amortization, customer relationship

 

19.6

 

Intangible assets not subject to amortization, reacquired franchise rights

 

25.5

 

Property and equipment

 

0.4

 

Accounts payable

 

(21.6

)

Employee compensation payable

 

(2.5

)

Accrued liabilities

 

(9.9

)

Accrued payroll taxes and insurance

 

(7.5

)

Value added taxes payable

 

(7.4

)

Other long-term liabilities

 

(24.6

)

Total assets and liabilities

$

415.1

 

Historical Revenues from Services Our consolidated unaudited proforma historical revenues from services and net earnings, as if ettain group had been acquired at the beginning of 2020, are estimated as follows:

 

 

Year Ended December 31,

 

 

2021

 

 

2020

 

Revenues from services

$

21,269.1

 

 

$

18,731.0

 

Net earnings

 

425.4

 

 

 

40.1