Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.23.2
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed Recorded at the Date of Acquisition The preliminary values of identified assets acquired, and liabilities assumed for Fox Pest Control are summarized as follows (in thousands).
June 30, 2023
Cash $ 4,366 
Accounts receivable 1,542 
Materials and supplies 431 
Operating lease right-of-use assets 8,689 
Other current assets 487 
Goodwill 187,655 
Customer contracts 118,000 
Trademarks & tradenames 38,000 
Current liabilities (5,051)
Unearned revenue (6,144)
Operating lease liabilities (8,689)
Assets acquired and liabilities assumed $ 339,286 
The aggregate preliminary values of major classes of assets acquired and liabilities assumed recorded at the dates of acquisition, as adjusted during the valuation period, are included in the reconciliation of the total preliminary consideration as follows (in thousands):
June 30, 2023
Cash $ 249 
Accounts receivable 287 
Materials and supplies 201 
Other current assets 49 
Equipment and property 2,311 
Goodwill 11,540 
Customer contracts 20,163 
Other intangible assets 283 
Current liabilities (163)
Unearned revenue (861)
Other assets and liabilities, net (693)
Assets acquired and liabilities assumed $ 33,366 
Schedule of Business Acquisition, Pro Forma Information
The following table presents unaudited consolidated pro forma information as if the acquisition of Fox had occurred on January 1, 2022. The information presented below is for illustrative purposes only and is not necessarily indicative of results that would have been achieved if the acquisition had actually occurred as of the beginning of such years or results which may be achieved in the future.
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2023 2022 2023 2022
Revenues $ 820,750  $ 745,838  $ 1,507,673  $ 1,360,062 
Net income 109,564  99,549  191,999  169,921