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Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Schedule of Supplemental Information on an Unaudited Pro Forma Basis

Supplemental information on an unaudited pro forma basis, presented as if the acquisitions executed during the period from January 1, 2020 to March 1, 2023 had been consummated as of the beginning of the comparative prior period, is as follows:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

2020

 

(in thousands)

 

 

 

 

 

 

 

 

Revenues

 

$

4,065,242

 

 

$

3,767,716

 

$

3,339,221

 

Net (loss) income

 

$

(1,377,436

)

 

$

59,983

 

$

(168,954

)

2022 Acquisitions  
Business Acquisition [Line Items]  
Schedule of Fair Values of Identifiable Assets and Liabilities of Acquisitions

The fair values of the identifiable assets and liabilities of the acquisitions less post-close adjustments related to working capital completed during the year ended December 31, 2022, as of the applicable acquisition dates, are as follows:

 

 

(in thousands)

 

 

 

Consideration:

 

 

 

Cash

 

$

74,206

 

Holdback

 

 

810

 

Fair value of contingent consideration

 

 

510

 

Total consideration

 

$

75,526

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

Assets

 

 

 

Accounts receivable

 

$

6,817

 

Other assets

 

 

3,446

 

Identifiable intangible assets

 

 

25,546

 

Total assets

 

 

35,809

 

Liabilities

 

 

 

Accounts payable

 

 

7,363

 

Deferred tax liabilities and other

 

 

8,546

 

Total liabilities

 

 

15,909

 

 

 

 

 

Redeemable noncontrolling interest

 

 

1,987

 

 

 

 

 

Noncontrolling interest

 

 

974

 

Total identifiable net assets

 

 

16,939

 

Goodwill arising from acquisitions

 

$

58,587

 

 

Schedule of Fair Value and Estimated Useful Lives of Intangible Assets Acquired

The identifiable intangible assets are amortized on a straight-line basis over their estimated useful lives. The fair value and estimated useful lives of the intangible assets acquired are as follows:

 

(in thousands)

 

Amount

 

 

Weighted
Average
Useful Life

Client relationships

 

$

24,413

 

 

6 years

Trade names

 

 

1,133

 

 

5 years

Total identifiable intangible assets

 

$

25,546

 

 

 

2021 Acquisitions  
Business Acquisition [Line Items]  
Schedule of Fair Values of Identifiable Assets and Liabilities of Acquisitions

The fair values of the identifiable assets and liabilities of the acquisitions completed during the year ended December 31, 2021, at the respective acquisition dates, are as follows:

 

(in thousands)

 

 

 

Consideration

 

 

 

Cash

 

$

42,668

 

Holdbacks

 

 

13,464

 

Fair value of contingent consideration

 

 

19,832

 

Total consideration

 

$

75,964

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

Assets

 

 

 

Accounts receivable

 

$

12,677

 

Other assets

 

 

4,315

 

Property and equipment

 

 

998

 

Identifiable intangible assets

 

 

35,571

 

Total assets

 

 

53,561

 

Liabilities

 

 

 

Total liabilities

 

 

21,206

 

Redeemable noncontrolling interest

 

 

1,793

 

Total identifiable net assets

 

 

30,562

 

Goodwill arising from acquisitions

 

$

45,402

 

Schedule of Fair Value and Estimated Useful Lives of Intangible Assets Acquired

The identifiable intangible assets are amortized on a straight-line basis over their estimated useful lives. The fair value and estimated useful lives of the intangible assets acquired are as follows:

(in thousands)

 

Amount

 

 

Weighted
Average
Useful Life

Client relationships

 

$

27,387

 

 

7 years

Trade names

 

 

5,084

 

 

5 years

Developed technology

 

 

3,100

 

 

7 years

Total identifiable intangible assets

 

$

35,571

 

 

 

 

 

 

 

 

 

2020 Acquisitions  
Business Acquisition [Line Items]  
Schedule of Fair Values of Identifiable Assets and Liabilities of Acquisitions

The fair values of the identifiable assets and liabilities of the acquisitions completed during the year ended December 31, 2020, at the respective acquisition dates, are as follows:

 

(in thousands)

 

 

 

Consideration

 

 

 

Cash

 

$

68,057

 

Holdbacks

 

 

5,260

 

Fair value of contingent consideration

 

 

14,766

 

Total consideration

 

$

88,083

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

Assets

 

 

 

Accounts receivable

 

$

3,542

 

Other assets

 

 

2,936

 

Property and equipment

 

 

321

 

Identifiable intangible assets

 

 

42,460

 

Total assets

 

 

49,259

 

Liabilities

 

 

 

Total liabilities

 

 

4,569

 

Total identifiable net assets

 

 

44,690

 

Goodwill arising from acquisitions

 

$

43,393

 

Schedule of Fair Value and Estimated Useful Lives of Intangible Assets Acquired

The identifiable intangible assets are amortized on a straight-line basis over their estimated useful lives. The fair value and estimated useful lives of the intangible assets acquired are as follows:

(in thousands)

 

Amount

 

 

Weighted
Average
Useful Life

Client relationships

 

$

42,460

 

 

6 years