Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.20.4
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
fair values of Clark Pest Control's assets and liabilities, at the date of acquisition

The fair values of Clark Pest Control's assets and liabilities, at the date of acquisition, were as follows:

 
ACQUISITIONS
(in thousands)   at April 30,
2019		  
Assets and liabilities:        
Trade accounts receivables   $ 6,974  
Materials and supplies     900  
Other current assets     5,367  
Equipment and property, net     65,535  
Goodwill     191,853  
Customer contracts     112,700  
Trademarks & tradenames     49,300  
Non-compete agreements     500  
Accounts payable     (1,929 )
Accrued compensation and related liabilities     (5,678 )
Unearned revenues     (879 )
Other current liabilities     (877 )
Accrued insurance, less current portion     (1,870 )
Total consideration     421,896  
Less: contingent consideration     (26,627 )
Total cash paid at acquisition   $ 395,269
unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018

The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018. The 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.
ACQUISITIONS (Details 2)
    12 Months Ended  
    December 31,  
(in thousands, except per share amounts)   2019     2018  
Revenues:                
Customer Services   $ 2,060,280     $ 1,960,741  
Costs And Expenses     1,798,984       1,640,120  
Income Before Income Taxes     261,296       320,621  
Provision For Income Taxes     57,813       79,070  
Net Income   $ 203,483     $ 241,551  
Net Income Per Share - Basic And Diluted   $ 0.41     $ 0.49  
Dividends Paid Per Share   $ 0.31     $ 0.31  
Weighted average participating shares outstanding - basic and diluted     491,604       491,216  
Total cash purchase price for the Company’s acquisitions in 2020 and 2019 were $147.6 million and $430.6 million, respectively. Excluding the values of the Clark Pest Control discussed above, the fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration as follows (in thousands):

Total cash purchase price for the Company’s acquisitions in 2020 and 2019 were $147.6 million and $430.6 million, respectively. Excluding the values of the Clark Pest Control discussed above, the fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration as follows (in thousands):
Acquisitions (Details 3)
December 31,   2020     2019  
Accounts receivable   $ 3,547     $ 754  
Materials and supplies     582       478  
Equipment and property     7,269       3,169  
Goodwill     73,430       12,309  
Customer contracts     72,608       23,644  
Trademarks & tradenames     7,317        —  
Other intangible assets     1,333       850  
Current liabilities     (15,518 )     (8,832 )
Other assets and liabilities, net     9,639       11,994  
Total consideration paid     160,207       44,366  
Less: Contingent consideration liability     (12,594 )     (9,077 )
Total cash purchase price   $ 147,613     $ 35,289