XML 78 R54.htm IDEA: XBRL DOCUMENT
v3.25.1

Business acquisition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of fair value of the assets acquired and liabilities assumed at the acquisition date | The following table summarizes the total consideration paid for MacKellar and the fair values of the assets acquired and liabilities assumed at the acquisition date:
|  | October 1, 2023
Cash consideration |  | $ | 65,572 |
Earn-out at estimated fair value |  | 79,839 |
Deferred consideration at estimated fair value |  | 27,014 |
Contingent payment at estimated fair value |  | 7,243 |
Total consideration transferred |  | $ | 179,668 |
Equipment financing assumed |  | 203,946 |
Total purchase price |  | $ | 383,614 |
Purchase price allocation to assets acquired and liabilities assumed: |  |
Cash |  | $ | 13,901 |
Accounts receivable |  | 65,033 |
Contract assets |  | 713 |
Inventories |  | 12,155 |
Prepaid expenses |  | 2,187 |
Property, plant and equipment |  | 394,394 |
Investments in affiliates and joint ventures |  | 85 |
Intangible assets |  | 690 |
Accounts payable |  | (45,829) |
Accrued liabilities |  | (22,464) |
Other long-term obligations |  | (16,934) |
Deferred income tax liabilities |  | (20,317) |
Third party equipment financing assumed: |  |
Financing obligations |  | (173,430) |
Finance leases |  | (30,516) |
Total identifiable net assets at fair value |  | $ | 179,668 |
Schedule of total consideration paid | The following table summarizes the total consideration paid for MacKellar and the fair values of the assets acquired and liabilities assumed at the acquisition date:
|  | October 1, 2023
Cash consideration |  | $ | 65,572 |
Earn-out at estimated fair value |  | 79,839 |
Deferred consideration at estimated fair value |  | 27,014 |
Contingent payment at estimated fair value |  | 7,243 |
Total consideration transferred |  | $ | 179,668 |
Equipment financing assumed |  | 203,946 |
Total purchase price |  | $ | 383,614 |
Purchase price allocation to assets acquired and liabilities assumed: |  |
Cash |  | $ | 13,901 |
Accounts receivable |  | 65,033 |
Contract assets |  | 713 |
Inventories |  | 12,155 |
Prepaid expenses |  | 2,187 |
Property, plant and equipment |  | 394,394 |
Investments in affiliates and joint ventures |  | 85 |
Intangible assets |  | 690 |
Accounts payable |  | (45,829) |
Accrued liabilities |  | (22,464) |
Other long-term obligations |  | (16,934) |
Deferred income tax liabilities |  | (20,317) |
Third party equipment financing assumed: |  |
Financing obligations |  | (173,430) |
Finance leases |  | (30,516) |
Total identifiable net assets at fair value |  | $ | 179,668 |
Schedule of unaudited proforma information | The following unaudited pro forma information reflects the impact of the transaction on the Company's consolidated results as if it had occurred on January 1, 2022.
Year ended December 31, |  | 2023 |  | 2022
Revenue |  | $ | 1,296,328 |  |  | $ | 1,086,460 |
Net income |  | 89,658 |  |  | 78,261 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration