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Business Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2021
Business Acquisition [Line Items] |
Summary of Elements of Purchase Price of Acquisitions | The following table summarizes the elements of purchase price of the acquisitions completed during the year ended December 31, 2020:
|  | Cash |  |  | Common Stock |  |  | Other Purchase Price Components Current |  |  | Other Purchase Price Components Long Term |  |  | Contingent Consideration Current |  |  | Contingent Consideration Long Term |  |  | Total Purchase Price |
CTEH |  | $ | 175,000 |  |  | $ | 25,000 |  |  | $ | (1,939 | ) |  | $ | — |  |  | $ | 34,451 |  |  | $ | 10,543 |  |  | $ | 243,055 |
All other acquisitions |  |  | 450 |  |  |  | — |  |  |  | 50 |  |  |  | 100 |  |  |  | 210 |  |  |  | — |  |  |  | 810 |
Total |  | $ | 175,450 |  |  | $ | 25,000 |  |  | $ | (1,889 | ) |  | $ | 100 |  |  | $ | 34,661 |  |  | $ | 10,543 |  |  | $ | 243,865 |
Summary of Purchase Price Attributable to Acquisitions | The purchase price attributable to the acquisitions was allocated as follows:
|  | CTEH |  |  | All Other Acquisitions |  |  | Total |
Cash |  | $ | 1,527 |  |  | $ | — |  |  | $ | 1,527 |
Accounts receivable |  |  | 17,059 |  |  |  | — |  |  |  | 17,059 |
Other current assets |  |  | 1,265 |  |  |  | — |  |  |  | 1,265 |
Current assets |  |  | 19,851 |  |  |  | — |  |  |  | 19,851 |
Property and equipment |  |  | 7,042 |  |  |  | 75 |  |  |  | 7,117 |
Customer relationships |  |  | 56,000 |  |  |  | — |  |  |  | 56,000 |
Trade names |  |  | 4,200 |  |  |  | — |  |  |  | 4,200 |
Covenants not to compete |  |  | 4,000 |  |  |  | 109 |  |  |  | 4,109 |
Proprietary software |  |  | 14,700 |  |  |  | — |  |  |  | 14,700 |
Goodwill |  |  | 146,983 |  |  |  | 626 |  |  |  | 147,609 |
Total assets |  |  | 252,776 |  |  |  | 810 |  |  |  | 253,586 |
Current liabilities |  |  | 9,721 |  |  |  | — |  |  |  | 9,721 |
Total liabilities |  |  | 9,721 |  |  |  | — |  |  |  | 9,721 |
Purchase price |  | $ | 243,055 |  |  | $ | 810 |  |  | $ | 243,865 |
Summary of Supplemental Unaudited Pro-Forma Information | The unaudited condensed consolidated financial information summarized in the following table gives effect to the 2021 and the 2020 acquisitions discussed above assuming they occurred on January 1, 2020. These unaudited consolidated pro forma operating results do not assume any impact from revenue, cost or other operating synergies that are expected or may have been realized as a result of the acquisitions. These unaudited consolidated pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the acquisitions occurred on January 1, 2020, nor does the information purport to reflect results for any future period.
|  | For the Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
|  | As reported |  |  | Acquisitions Pro-Forma (Unaudited) |  |  | Consolidated Pro-Forma (Unaudited) |  |  | As reported |  |  | Acquisitions Pro-Forma (Unaudited) |  |  | Consolidated Pro-Forma (Unaudited) |
Revenues |  | $ | 133,817 |  |  | $ | — |  |  | $ | 133,817 |  |  | $ | 61,031 |  |  | $ | 36,197 |  |  | $ | 97,228 |
Net (loss) income |  |  | (11,596 | ) |  |  | — |  |  |  | (11,596 | ) |  |  | (41,248 | ) |  |  | 11,352 |  |  |  | (29,896 | )
MSE Group |
Business Acquisition [Line Items] |
Summary of Elements of Purchase Price of Acquisitions | The following table summarizes the elements of the purchase price of MSE:
|  | Cash |  |  | Common Stock |  |  | Other Purchase Price Components Current |  |  | Other Purchase Price Components Long Term |  |  | Contingent Consideration Current |  |  | Contingent Consideration Long Term |  |  | Total Purchase Price |
MSE |  | $ | 9,082 |  |  | $ | 2,271 |  |  | $ | 10,146 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,804 |  |  | $ | 23,303 |
Summary of Purchase Price Attributable to Acquisitions | The preliminary purchase price attributable to the MSE acquisition was allocated as follows:
|  | MSE |
Cash |  | $ | 2,810 |
Accounts receivable |  |  | 3,068 |
Other current assets |  |  | 31 |
Current assets |  |  | 5,909 |
Property and equipment |  |  | 513 |
Customer relationships |  |  | 8,720 |
Trade names |  |  | 521 |
Covenants not to compete |  |  | 922 |
Goodwill |  |  | 7,532 |
Total assets |  |  | 24,117 |
Current liabilities |  |  | (814 | )
Total liabilities |  |  | (814 | )
Purchase price |  | $ | 23,303 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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