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Note 2 - Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Preliminary Purchase |
|  | Price Allocation |
Assets Acquired |  |  |  |
Cash and cash equivalents |  | $ | 17,652 |
Accounts receivable |  |  | 17,991 |
Prepaid and other current assets |  |  | 8,006 |
Property, plant and equipment |  |  | 457,158 |
Intangible assets |  |  | 1,592,000 |
Other noncurrent assets |  |  | 4,636 |
Total Assets Acquired |  |  | 2,097,443 |
Liabilities Assumed |  |  |  |
Accounts payable and accrued liabilities |  |  | 36,457 |
Deferred revenue (short-term portion) |  |  | 8,462 |
Current portion of long-term debt (finance leases) |  |  | 1,375 |
Long-term debt (finance leases) |  |  | 2,912 |
Deferred income taxes |  |  | 437,725 |
Other noncurrent liabilities |  |  | 6,974 |
Total Liabilities Assumed |  |  | 493,905 |
Net assets acquired |  |  | 1,603,538 |
Purchase price consideration(1) |  |  | 2,117,866 |
Goodwill recognized |  | $ | 514,328 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
|  |  |  |  |  | Useful Life |
|  | Fair Value |  |  | (in years) |
Customer relationships |  | $ | 472,000 |  |  |  | 13.7 |
Trademark and trade name |  | $ | 10,000 |  |  |  | 4.2 |
Franchise agreements |  | $ | 1,110,000 |  |  | Indefinite |
|  |  |  |  |  | Useful Life |
|  | Fair Value |  |  | (in years) |
Customer relationships |  | $ | 7,700 |  |  |  | 13.5 |
Trademark and trade name |  | $ | 800 |  |  | Indefinite |
Franchise agreements |  | $ | 11,200 |  |  | Indefinite |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | (Unaudited) |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenues |  | $ | 430,237 |  |  | $ | 401,855 |  |  | $ | 1,276,146 |  |  | $ | 1,173,810 |
Net income |  | $ | 52,255 |  |  | $ | 58,383 |  |  | $ | 165,898 |  |  | $ | 169,805 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 8.68 |  |  | $ | 9.73 |  |  | $ | 27.58 |  |  | $ | 29.46 |
Diluted |  | $ | 8.33 |  |  | $ | 9.29 |  |  | $ | 26.24 |  |  | $ | 28.04 |
|  | (Unaudited) |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Depreciation and amortization |  | $ | - |  |  | $ | (3,387 | ) |  | $ | (6,152 | ) |  | $ | (9,882 | )
Interest expense |  | $ | - |  |  | $ | (511 | ) |  | $ | (2,867 | ) |  | $ | (20,221 | )
Acquisition costs |  | $ | - |  |  | $ | - |  |  | $ | (15,403 | ) |  | $ | - |
Gain on step acquisition |  | $ | - |  |  | $ | - |  |  | $ | (33,400 | ) |  | $ | - |
Income tax provision |  | $ | - |  |  | $ | 975 |  |  | $ | 35,593 |  |  | $ | 7,526 |
Weighted average common shares outstanding - diluted |  |  | - |  |  |  | 404,248 |  |  |  | 95,219 |  |  |  | 404,248 |

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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=123413009&loc=d3e4845-128472 + Details
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