Business Combinations and Asset Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The provisional purchase price allocation for ECM is summarized as follows (in thousands):

Purchase Price
Cash consideration paid (1)	$	155,686
Cash and cash equivalents acquired	(13,327)
Working capital surplus (deficiency)	(1,068)
Total purchase price (fair value of consideration)	141,291
Provisional Purchase Price Allocation
Accounts receivable, trade	16,170
Other receivables	43
Inventories and supplies	204
Prepaid taxes, licenses and permits	700
Other current assets	351
Property and equipment	68,772
Intangible assets	52,200
Other non-current assets	3,644
Total assets acquired	142,084
Accounts payable	(510)
Insurance and claims accruals	(890)
Accrued payroll	(2,130)
Accrued expenses	(3,006)
Other current liabilities	(1,185)
Other long-term liabilities	(2,460)
Total liabilities assumed	(10,181)
Temporary equity - redeemable noncontrolling interest in ECM	(35,322)
Goodwill	$	44,710
(1) At closing, $0.8 million and $0.7 million of the cash consideration was placed in escrow to cover post-closing adjustments and to secure certain indemnification obligations of the sellers, respectively. As of September 30, 2021, the indemnification escrow payment remains subject to adjustment.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the major classes of intangible assets and the respective weighted-average estimated amortization periods:

	Estimated Fair Value (in thousands)		Weighted-Average Estimated Amortization Period (Years)
Customer relationships	$	33,200	10
Trade names	19,000		12
Total intangible assets	$	52,200