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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Allocation of Fair Value of Assets and Liabilities from Jake Marshall Transaction The following table summarizes the allocation of the fair value of the assets and liabilities of the Jake Marshall Transaction as of the Effective Date by the Company.
(in thousands)Purchase Price Allocation
Consideration:
Cash$21,313 
Earnout provision3,089 
Total Consideration24,402 
Fair value of assets acquired:
Cash and cash equivalents2,336 
Accounts receivable7,165 
Contract assets1,711 
Other current assets164 
Property and equipment5,762 
Intangible assets5,710 
Amount attributable to assets acquired22,848 
Fair value of liabilities assumed:
Accounts payable, including retainage2,655 
Accrued expenses and other current liabilities570 
Contract liabilities462 
Amount attributable to liabilities assumed3,687 
Goodwill$5,241 
Schedule of Intangible Assets Acquired
Intangible assets, net as of December 31, 2021 are detailed below.
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Intangible AssetsWeighted Average Useful Life (Years)
Trade name$1,150$(15)$1,1356.2
Customer relationships - GCR570(6)5647.1
Customer relationships - ODR3,050(34)3,0167.6
Backlog - GCR260(14)2461.6
Backlog - ODR680(36)6441.6
Total$5,710$(105)$5,6056.3
Schedule of Unaudited Pro Forma Information The following unaudited pro forma combined financial information presents the Company's results as though the Jake Marshall Transaction had been completed at January 1, 2020. The pro forma combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the Jake Marshall Transaction taken place on January 1, 2020; furthermore, the financial information is not intended to be a projection of future results.
Year Ended December 31,
(in thousands) (unaudited)20212020
Pro forma revenue$523,479 $599,013 
Pro forma net income$5,392 $4,310 
Pro forma EPS (basic)$0.54 $0.55 
Pro forma EPS (diluted)$0.53 $0.53