| Schedule of Assets Acquired and Liabilities Assumed Recorded at the Dates of Acquisition |
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):
|
|
|
|
|
|
|
2024 |
| Cash |
$ |
1,671
|
|
| Accounts receivable, net |
4,954
|
|
| Materials and supplies |
1,053
|
|
| Other current assets |
446
|
|
| Equipment and property |
8,251
|
|
| Goodwill |
97,914
|
|
| Customer contracts |
72,509
|
|
| Trademarks & tradenames |
1,566
|
|
| Other intangible assets |
2,609
|
|
| Current liabilities |
(2,167) |
|
| Unearned revenue |
(1,289) |
|
| Other assets and liabilities, net |
(4,764) |
|
| Assets acquired and liabilities assumed |
$ |
182,753
|
|
|
|
|
|
|
|
|
Fox Pest Control |
| Cash |
$ |
4,560
|
|
| Accounts receivable |
1,542
|
|
| Materials and supplies |
431
|
|
| Operating lease right-of-use assets |
8,689
|
|
| Other current assets |
487
|
|
|
|
| Goodwill |
188,176
|
|
| Customer contracts |
118,000
|
|
| Trademarks & tradenames |
38,000
|
|
| Current liabilities |
(5,538) |
|
| Unearned revenue |
(6,144) |
|
| Operating lease liabilities |
(8,689) |
|
| Assets acquired and liabilities assumed |
$ |
339,514
|
|
|
|
|
|
|
|
|
2023 |
| Cash |
$ |
531 |
|
| Accounts receivable, net |
1,190 |
|
| Materials and supplies |
592 |
|
| Other current assets |
198 |
|
| Equipment and property |
5,002 |
|
| Goodwill |
37,319 |
|
| Customer contracts |
31,996 |
|
| Trademarks & tradenames |
1,457 |
|
| Other intangible assets |
2,357 |
|
| Current liabilities |
(1,462) |
|
| Other assets and liabilities, net |
(2,472) |
|
| Assets acquired and liabilities assumed |
$ |
76,708
|
|
|
| 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.
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
| (in thousands) |
2023 |
|
2022 |
| Revenues |
$ |
3,102,186
|
|
|
$ |
2,817,629 |
|
| Net income |
424,735
|
|
|
358,930 |
|
|