Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.22.2.2
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The preliminary allocation is as follows (in thousands):
Intangible assets $ 55,019
Goodwill 36,598
Net assets acquired 55,607
Net liabilities assumed (3,776)
Total fair value of net assets acquired: $ 143,448
Schedule of Identifiable Intangible Assets Acquired
The following table sets forth the fair value of the identifiable intangible assets acquired as of the date of the acquisition (in thousands):
Customer relationships $ 41,700
Trade name 7,400
Non-compete agreements 5,919
Total: $ 55,019
Schedule of Pro Forma Information
The following unaudited pro forma results of operations have been prepared as though the business combination was completed on January 1, 2021. Pro forma amounts are based on the preliminary purchase price allocation of the acquisition and are not necessarily indicative of results that may be reported in the future. Non-recurring pro forma adjustments including acquisition-related costs directly attributable to the acquisition are included within the reported pro forma revenue and net loss.

Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
(in thousands) (in thousands)
Sales $ 6,269  $ 5,992  $ 12,482  $ 11,413 
Net loss $ (31,663) $ (14,410) $ (58,891) $ (36,742)
Schedule of Fair Value of the Identifiable Assets Acquired
The following table sets forth the fair value of the identifiable assets acquired as of the date of the acquisition (in thousands):
Land $ 13,800
Construction-in-progress 12,013
Total: $ 25,813