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BUSINESS COMBINATIONS (Tables)

12 Months Ended

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)

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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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.

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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.

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