Quarterly report [Sections 13 or 15(d)]

ACQUISITIONS (Tables)

v3.25.3
ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed Recorded at the Date of Acquisition The initial and updated preliminary values of identified assets acquired and liabilities assumed for Saela are summarized as follows:
(in thousands)
 Initial Preliminary Allocation as of 4/1/2025 Measurement Period Adjustments Updated Preliminary Allocation as of 4/1/2025
Cash $ 1,506  $ 16  $ 1,522 
Accounts receivable 832  (27) 805 
Materials and supplies 573  —  573 
Other current assets 414  —  414 
Equipment and property 4,648  12  4,660 
Goodwill 132,959  (3,863) 129,096 
Customer contracts 52,200  4,100  56,300 
Trademarks & tradenames 17,300  —  17,300 
Operating lease right-of-use assets 991  —  991 
Accounts payable (1,961) (23) (1,984)
Accrued compensation and related liabilities (949) (115) (1,064)
Other current liabilities (389) (6) (395)
Operating lease liabilities (991) —  (991)
Assets acquired and liabilities assumed $ 207,133  $ 94  $ 207,227 
The aggregate preliminary values of major classes of assets acquired and liabilities assumed recorded at the dates of acquisition are summarized as follows:
(in thousands)
 September 30, 2025
Cash $ 633 
Accounts receivable 2,074 
Materials and supplies 912 
Other current assets 256 
Equipment and property 6,071 
Goodwill 60,332 
Customer contracts 42,607 
Trademarks & tradenames 1,667 
Other intangible assets 1,838 
Current liabilities (859)
Unearned revenue (2,726)
Other assets and liabilities, net (6,189)
Assets acquired and liabilities assumed $ 106,616 
Schedule of Business Acquisition, Pro Forma Information
The following table presents unaudited consolidated pro forma information as if the acquisition of Saela had occurred on January 1, 2024. This 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.
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2025 2024 2025 2024
Revenues $ 1,026,106  $ 935,459  $ 2,863,418  $ 2,602,961 
Net income 162,666  138,576  408,052  362,896