Business Combinations (Tables)

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Summary of Consideration Paid and Amount of Assets Acquired and Liabilities Assumed

The following tables summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

	Amounts
	(in thousands)
Considerations
Cash, net of cash received	$	137,755
Recognized amounts of identifiable assets acquired and liabilities assumed
Net working capital	$	(15,024	)
Fixed assets		20,967
ROU assets - operating		12,653
ROU assets - finance		1,183
Deferred tax assets		3,446
Other long-term assets		4,711
Identifiable intangible assets		56,560
Operating lease liabilities		(12,653	)
Finance lease liabilities		(1,183	)
Income tax payable		(40	)
Other long-term liabilities		(4,449	)
Recognized amounts of identifiable assets acquired and liabilities assumed, net		66,171
Goodwill		71,584
Total	$	137,755

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information summarizes the combined results of operations of Fulgent and Inform Diagnostics as if the companies had been combined as of the beginning of 2021. The pro forma financial information has been adjusted for the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands)
Revenue	$	133,720	$	193,156	$	486,027	$	589,851
Net income attributable to Fulgent	$	10,461	$	83,271	$	162,317	$	282,703
Basic earnings per common share attributable to Fulgent	$	0.34	$	2.86	$	5.36	$	9.75
Diluted earnings per common share attributable to Fulgent	$	0.34	$	2.70	$	5.20	$	9.18