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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Weighted-Average Assumptions | The assumptions under the Monte Carlo simulation model were as follows for the year ended December 31, 2020 and 2019:
| December 31, 2020 |  | December 31, 2019
Risk-free rate | 1.4% |  | 2.2%
Revenue discount rate | 3.2% |  | 4.4%
Revenue volatility | 8.0% |  | 5.0%
The assumptions used to calculate the estimated fair value of the earn-out under the option pricing method were as follows:
| December 31, 2021 |  | February 28, 2021
Risk-free rate | 0.1% |  | 0.1%
Revenue discount rate | 9.8% |  | 8.3%
Revenue volatility | 24.2% |  | 27.3%
Purchase Price Allocation | Assets acquired and liabilities assumed as of the acquisition date are presented in the following table:
|  | FSA |  | O.S.T. |  | Linn Star |  | CLW |  | Proficient Transport |  | J&P |  | BarOle
|  | April 21, 2019 |  | July 14, 2019 |  | January 12, 2020 |  | October 11, 2020 |  | February 28, 2021 |  | May 30, 2021 |  | November 30, 2021
Tangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 202 |  |  | $ | — |  |  | $ | 1,308 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Accounts receivable |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,171 |  |  | 1,940 |  |  | 2,481 |
Other receivables |  | 1,491 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Prepaid expenses and other current assets |  | — |  |  | — |  |  | 1,182 |  |  | — |  |  | — |  |  | 32 |  |  | — |
Property and equipment |  | 40 |  |  | 10,371 |  |  | 605 |  |  | — |  |  | 140 |  |  | 1,567 |  |  | 5,351 |
Other assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | 3 |  |  | — |
Operating lease right-of-use assets |  | 3,209 |  |  | 1,672 |  |  | 10,011 |  |  | 811 |  |  | — |  |  | 1,355 |  |  | — |
Total tangible assets |  | 4,942 |  |  | 12,043 |  |  | 13,106 |  |  | 811 |  |  | 4,335 |  |  | 4,897 |  |  | 7,832 |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 17,900 |  |  | 5,700 |  |  | 29,800 |  |  | 1,500 |  |  | 6,060 |  |  | 620 |  |  | 16,282 |
Non-compete agreements |  | 900 |  |  | 850 |  |  | 450 |  |  | 1,000 |  |  | 18 |  |  | 120 |  |  | 913 |
Goodwill |  | 19,963 |  |  | 2,050 |  |  | 25,234 |  |  | 3,000 |  |  | 6,249 |  |  | 4,020 |  |  | 10,677 |
Total intangible assets |  | 38,763 |  |  | 8,600 |  |  | 55,484 |  |  | 5,500 |  |  | 12,327 |  |  | 4,760 |  |  | 27,872 |
Total assets acquired |  | 43,705 |  |  | 20,643 |  |  | 68,590 |  |  | 6,311 |  |  | 16,662 |  |  | 9,657 |  |  | 35,704 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | 8,466 |  |  | — |  |  | 1,340 |  |  | — |  |  | 323 |  |  | 632 |  |  | 268 |
Other liabilities |  | 5,030 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Finance lease obligations |  | — |  |  | 6,971 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Operating lease liabilities |  | 3,209 |  |  | 1,672 |  |  | 10,011 |  |  | 811 |  |  | — |  |  | 1,355 |  |  | — |
Total liabilities assumed |  | 16,705 |  |  | 8,643 |  |  | 11,351 |  |  | 811 |  |  | 323 |  |  | 1,987 |  |  | 268 |
Net assets acquired |  | $ | 27,000 |  |  | $ | 12,000 |  |  | $ | 57,239 |  |  | $ | 5,500 |  |  | $ | 16,339 |  |  | $ | 7,670 |  |  | $ | 35,436 |
Weighted-Average Useful Life of Acquired Intangible Assets | The acquired intangible assets have a weighted-average useful life as follows:
Intangible Assets |  | Weighted-Average Useful Life
Customer relationships |  | 15 years
Non-compete agreements |  | 4 years
Trade names |  | 4 years
The estimated useful life of acquired intangible assets as of the acquisition date are summarized in the following table:
|  | Estimated Useful Lives
|  | FSA |  | O.S.T. |  | Linn Star |  | CLW |  | Proficient Transport |  | J&P |  | BarOle
Customer relationships |  | 15 years |  | 10 years |  | 15 years |  | 7 years |  | 8 years |  | 12 years |  | 8 years
Non-compete agreements |  | 5 years |  | 3 years |  | 1 year |  | 5 years |  | 1 year |  | 5 years |  | 5 years

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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