Quarterly report pursuant to Section 13 or 15(d)

Business Combination and Goodwill (Tables)

v3.22.1
Business Combination and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Schedule of Identifiable Assets Acquired and Liabilities Assumed

As of March 31, 2022, the estimated fair values and allocation of consideration are preliminary, based on information available at the time of closing as the Company continues to evaluate the underlying inputs and assumptions. Accordingly, these provisional values may be subject to adjustment during the measurement period, not to exceed one year, based upon new information obtained about facts and circumstances that existed at the time of closing (in thousands).

 

Consideration

 

 

 

 

 

 

Cash

 

$

15,089

 

 

 

 

Class A Units

 

 

14,930

 

 

 

 

Total consideration for equity interest acquired

 

$

30,019

 

 

 

 

 

 

 

 

 

 

 

Assets acquired, liabilities assumed and non-controlling interests

 

 

 

 

 

 

Cash

 

 

 

 

$

56

 

Working capital

 

 

 

 

 

623

 

Trade name(1)

 

 

 

 

 

150

 

In place contracts(1)

 

 

 

 

 

3,195

 

Other liabilities

 

 

 

 

 

(104

)

Fair value of net assets acquired

 

 

 

 

$

3,920

 

Non-controlling interest(1)

 

 

 

 

 

(20,053

)

Goodwill(1)

 

 

 

 

 

46,152

 

Total assets acquired, liabilities assumed and non-controlling interests, net

 

 

 

 

$

30,019

 

(1) The fair value was determined using Level 3 assumptions.