Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

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 2023 and the 2022 acquisitions discussed above assuming they occurred on January 1, 2022. 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, 2022, nor does the information purport to reflect results for any future period.

	For the Three Months Ended September 30,
	2023									2022
	As reported			Acquisitions Pro-Forma (Unaudited)			Consolidated Pro-Forma (Unaudited)			As reported			Acquisitions Pro-Forma (Unaudited)		Consolidated Pro-Forma (Unaudited)
Revenues	$	167,937		$	24		$	167,961		$	130,312		$	26,595	$	156,907
Net (loss) income		(7,525	)		(5	)		(7,530	)		(5,720	)		2,896		(2,824	)
	For the Nine Months Ended September 30,
	2023									2022
	As reported			Acquisitions Pro-Forma (Unaudited)			Consolidated Pro-Forma (Unaudited)			As reported			Acquisitions Pro-Forma (Unaudited)		Consolidated Pro-Forma
Revenues	$	458,466		$	25,852		$	484,318		$	404,902		$	69,816	$	474,718
Net (loss) income		(29,418	)		809			(28,609	)		(21,007	)		4,442		(16,565	)

Matrix, Frontier, EAI, GreenPath

Business Acquisition [Line Items]

Summary of Main 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, 2023:

	Cash		Common Stock		Other Purchase Price Components			Contingent Consideration		Total Purchase Price
Matrix	$	46,563	$	—	$	2,019	(1)	$	—	$	48,582
All other 2023 acquisitions		22,077		2,598		519			1,096		26,290
Total	$	68,640	$	2,598	$	2,538		$	1,096	$	74,872

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(1)Includes $1.3 million in holdback amounts payable to the seller. Cash funds to be used for payment have been classified as restricted cash in the Company's unaudited condensed consolidated statement of financial position.

Summary of Purchase Price Attributable to Acquisitions

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

	Matrix (as initially reported)		Matrix Measurement Period Adjustments			Matrix (As Adjusted)(1)		All other 2023 acquisitions(1)		Total(1)
Cash	$	1,524	$	—		$	1,524	$	929	$	2,453
Accounts receivable and contract assets		15,752		2			15,754		3,441		19,195
Other current assets		2,094		(262	)		1,832		439		2,271
Current assets		19,370		(260	)		19,110		4,809		23,919
Property and equipment		2,231		—			2,231		1,705		3,936
Operating lease right-of-use asset		14,760		(7,677	)		7,083		46		7,129
Customer relationships		—		15,799			15,799		7,741		23,540
Trade names		—		2,150			2,150		222		2,372
Covenants not to compete		—		2,198			2,198		631		2,829
Other intangible assets		—		—			—		444		444
Goodwill		36,118		(15,053	)		21,065		11,702		32,767
Total assets		72,479		(2,843	)		69,636		27,300		96,936
Current liabilities		11,267		(668	)		10,599		978		11,577
Operating lease liability—net of    current portion		12,500		(2,175	)		10,325		32		10,357
Other non-current liabilities		130		—			130		—		130
Total liabilities		23,897		(2,843	)		21,054		1,010		22,064
Purchase price	$	48,582	$	—		$	48,582	$	26,290	$	74,872

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(1) The Company is continuing to obtain information to complete the valuation of certain of these acquisitions' assets and liabilities.