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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Summarizes the Purchase Price as a part of the Acquisition | The following table summarizes the purchase price as a part of the acquisition of AlsoEnergy (in thousands):
| Purchase Price
Cash consideration | $ | 544,059
Equity consideration | 108,883
Working capital adjustment | (915)
Total consideration | $ | 652,027
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of assets acquired and liabilities assumed in the acquisition of AlsoEnergy at the date of acquisition (in thousands):
Assets Acquired |
Cash | $ | 10,135 |
Accounts receivable | 9,614 |
Other current assets | 1,795 |
Inventory | 3,701 |
Operating lease right-of-use assets | 1,333 |
Separately identifiable intangible assets acquired other than goodwill | 152,100 |
Other noncurrent assets | 1,032 |
Total identifiable assets acquired | 179,710 |
Liabilities Assumed |
Accounts payable | 1,985 |
Other current liabilities | 1,596 |
Accrued payroll | 2,533 |
Deferred revenue, current portion | 17,486 |
Lease liabilities, current portion | 431 |
Deferred revenue, noncurrent | 32,140 |
Lease liabilities, noncurrent | 902 |
Deferred tax liability | 15,476 |
Other noncurrent liabilities | 150 |
Total liabilities assumed | 72,699 |
Total net identifiable assets acquired | 107,011 |
Goodwill | 545,016 |
Total consideration | $ | 652,027 |
Schedule of Useful Lives of Intangible Assets Acquired | The following table and accompanying paragraphs below summarize the intangible assets acquired, their fair value as of the acquisition date, and their estimated useful lives for amortizable intangible (in thousands, except estimated useful life, which is in years):
| Fair Value |  | Useful Life
Trade name | $ | 11,300 |  | 7
Customer relationships | 106,800 |  | 12
Backlog | 3,900 |  | 1.1
Developed technology | 30,100 |  | 7
Separately identifiable intangible assets acquired other than goodwill | $ | 152,100 |  |
Schedule of Unaudited Pro Forma Information | The pro forma financial information is as follows (in thousands):
|  | (Unaudited)
|  | Twelve Months Ended December 31,
|  | 2022 |  | 2021
Total revenue |  | $ | 366,815 |  |  | $ | 189,930 |
Net loss |  | $ | (131,959) |  |  | $ | (132,187) |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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