Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred in the Alamo Acquisition and the allocation of the purchase price to the fair values of the assets acquired and liabilities assumed at the Alamo Acquisition Date:

Total Purchase Consideration:
	Final Purchase Price Allocation
(Thousands of Dollars)
Cash consideration(1)	$	100,000
Equity consideration	82,323
Post close services	30,000
Contingent consideration	15,944
Non contingent consideration	7,370
Net working capital adjustment	(482)
Total purchase consideration	$	235,155
Cash	$	7,419
Trade and accounts receivable	50,619
Inventories	1,726
Prepaid and other current assets	19,654
Assets held for sale	3,282
Property and equipment	113,889
Intangible assets	27,113
Finance lease right-of-use assets	35,345
Other noncurrent assets	1,676
Total identifiable assets acquired	260,723
Accounts payable	39,101
Accrued expenses	38,000
Current maturities of long-term finance lease liabilities	10,125
Long-term finance lease liabilities	25,220
Non-current liabilities	971
Total liabilities assumed	113,417
Goodwill	87,849
Total purchase consideration	$	235,155

(1) Includes $32.3 million of payments for indebtedness on behalf of Alamo.

Schedule of Intangible Assets Related to Acquisition

Intangible assets related to the Alamo Acquisition consisted of the following:

		(Thousands of Dollars)
	Weighted average remaining amortization period (Years)	Gross Carrying Amounts
Trademarks	1.5	$	2,409
Non-compete agreements	3	1,677
Customer relationships	7.33	23,027
Total		$	27,113

Schedule of Separately Recognized Transactions Related to Acquisition

The expenses for all these transactions were expensed as incurred and are presented in Merger and integration in the Consolidated Statements of Operations and Comprehensive Income (Loss).

	(Thousands of Dollars)
Transaction Type		Year Ended December 31, 2022		Year Ended December 31, 2021
Merger		$	62,009	$	5,592
Integration		401		3,117
Total merger and integration costs		$	62,410	$	8,709

Schedule of Pro-Forma Information Related to Business Acquisitions

The following combined pro forma information assumes the Alamo Acquisition occurred on January 1, 2020. The pro forma information presented below is for illustrative purposes only and does not reflect future events that occurred after December 31, 2021 or any operating efficiencies or inefficiencies that resulted from the Alamo Acquisition. The information is not necessarily indicative of results that would have been achieved had the company controlled Alamo during the period presented. Pro forma adjustments related to the elimination of historical interest expense for debt paid off as part of the Alamo Acquisition were $2.7 million and $6.9 million for the years ended December 31, 2021 and 2020, respectively.

	(unaudited, amounts in Thousands of Dollars)
	Year Ended December 31
	2021		2020
Revenue	$	1,633,866	$	1,451,342
Net loss	(105,400)		(331,283)
Net loss per share (basic)	(0.44)		(1.38)
Net loss per share (diluted)	(0.44)		(1.38)