General form of registration statement for all companies including face-amount certificate companies

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