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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events . Subsequent Events

Business Combinations

On July 1, 2022, we acquired certain assets and the operations of Odds-N-Ends Inc., doing business as HomCo Lumber & Hardware (“HomCo”), for $30.5 million in cash, subject to certain closing adjustments. HomCo is a single location providing lumber and hardware supplies to the Flagstaff, Arizona area.

The accounting for this business combination has not been completed at the date of this filing given the proximity of the acquisition date. The acquisition will be accounted for by the acquisition method, and accordingly the results of operations will be included in the Company’s consolidated financial statements from the acquisition date. The purchase price will be allocated to the net assets acquired based on estimated fair values at the acquisition date, with the excess of purchase price over the estimated fair value of the net assets acquired recorded as goodwill.