Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Acquisition [Line Items]

Summary of Supplemental Unaudited Pro-Forma Information

The unaudited condensed consolidated financial information summarized in the following table gives effect to the 2022 and the 2021 acquisitions discussed above assuming they occurred on January 1, 2021. These unaudited consolidated pro forma operating results do not assume any impact from revenue, cost or other operating synergies that are expected or may have been realized as a result of the acquisitions. These unaudited consolidated pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the acquisitions occurred on January 1, 2021, nor does the information purport to reflect results for any future period.

	For the Three Months Ended September 30,
	2022								2021
	(Unaudited)
	As reported			Acquisitions Pro-Forma		Consolidated Pro-Forma			As reported			Acquisitions Pro-Forma		Consolidated Pro-Forma
Revenues	$	130,312		$	1,202	$	131,514		$	132,578		$	9,457	$	142,035
Net (loss) income		(5,720	)		290		(5,430	)		2,226			1,479		3,705
	For the Nine Months Ended September 30,
	2022								2021
	(Unaudited)
	As reported			Acquisitions Pro-Forma		Consolidated Pro-Forma			As reported			Acquisitions Pro-Forma		Consolidated Pro-Forma
Revenues	$	404,902		$	6,422	$	411,324		$	402,619		$	39,819	$	442,438
Net (loss) income		(21,007	)		832		(20,175	)		(23,853	)		6,848		(17,005	)

EnvStd, IAG, TriAD and AirKinetics

Business Acquisition [Line Items]

Summary of Elements of Purchase Price of Acquisitions

The following table summarizes the elements of the purchase price of the acquisitions completed during the nine months ended September 30, 2022:

	Cash		Common Stock		Other Purchase Price Components Current		Contingent Consideration Current		Contingent Consideration Long Term		Total Purchase Price
EnvStd	$	14,473	$	—	$	521	$	1,166	$	—	$	16,160
All other 2022 acquisitions		7,650		—		472		50		—		8,172
Total	$	22,123	$	—	$	993	$	1,216	$	—	$	24,332

Summary of Purchase Price Attributable to Acquisitions

The preliminary purchase price attributable to the acquisitions was allocated as follows:

	EnvStd		All Other 2022 Acquisitions		Total
Cash	$	295	$	486	$	781
Accounts receivable and contract assets		5,200		1,846		7,046
Other current assets		456		19		475
Current assets		5,951		2,351		8,302
Property and equipment		168		11		179
Operating lease right-of-use asset—net		2,895		215		3,110
Customer relationships		5,807		2,714		8,521
Trade names		1,010		251		1,261
Covenants not to compete		269		394		663
Goodwill		4,107		2,965		7,072
Total assets		20,207		8,901		29,108
Current liabilities		1,719		619		2,338
Operating lease liability—net of    current portion		2,328		110		2,438
Total liabilities		4,047		729		4,776
Purchase price	$	16,160	$	8,172	$	24,332

Weighted Average Useful Lives for Acquired Identifiable Intangible Assets

The weighted average useful lives for the acquired companies’ identifiable intangible assets are as follows:

	Customer Relationships	Tradenames	Covenants Not to Compete
EnvStd	7	2	5
All other 2022 acquisitions	7	2	5

MSE Group, Vista, EI, Sensible, ECI, Horizon

Business Acquisition [Line Items]

Summary of Elements of Purchase Price of Acquisitions

The following table summarizes the elements of the purchase price of the acquisitions completed during the year ended December 31, 2021:

	Cash		Common Stock		Other Purchase Price Components Current			Contingent Consideration Current		Contingent Consideration Long Term		Total Purchase Price
MSE	$	9,082	$	2,271	$	10,701		$	1,551	$	253	$	23,858
EI		20,721		2,274		(63	)		—		—		22,932
All other 2021 acquisitions		29,683		3,775		1,228			1,250		4,350		40,286
Total	$	59,486	$	8,320	$	11,866		$	2,801	$	4,603	$	87,076

Summary of Purchase Price Attributable to Acquisitions

The purchase price attributable to the acquisitions was allocated as follows:

	MSE		EI		All other 2021 acquisitions		Total
Cash	$	2,810	$	250	$	693	$	3,753
Accounts receivable		2,980		4,675		4,133		11,788
Other current assets		31		84		289		404
Current assets		5,821		5,009		5,115		15,945
Property and equipment		513		32		1,168		1,713
Operating lease right-of-use asset—net		740		106		2,233		3,079
Customer relationships		8,720		10,073		12,830		31,623
Trade names		521		996		1,958		3,475
Covenants not to compete		922		511		1,248		2,681
Acquired Technology		—		—		321		321
Goodwill		8,176		8,960		19,569		36,705
Total assets		25,413		25,687		44,442		95,542
Current liabilities		1,007		2,719		2,351		6,077
Operating lease liability—net of    current portion		548		36		1,805		2,389
Total liabilities		1,555		2,755		4,156		8,466
Purchase price	$	23,858	$	22,932	$	40,286	$	87,076

Weighted Average Useful Lives for Acquired Identifiable Intangible Assets

The weighted average useful lives for the acquired companies’ identifiable intangible assets are as follows:

	Customer Relationships	Tradenames	Covenants Not to Compete	Developed Technology
MSE	2-7	2	5	n/a
EI	10	5	5	n/a
All other 2021 acquisitions	10	n/a-3	n/a-5	n/a-5