Business Combinations and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The major classes of assets and liabilities to which the purchase price was allocated were as follows:

(in thousands)	Fair Value
Cash and cash equivalents	$	3,202
Accounts receivable	72,636
Prepaid expenses and other current assets	3,454
Property and equipment	2,848
Operating lease right-of-use assets	21,137
Intangible assets	74,100
Total assets acquired	177,377
Accounts payable	30,212
Accrued expenses	1,159
Customer advances and billings in excess of costs	2,965
Salaries, benefits and payroll taxes	7,969
Deferred income taxes	12,402
Operating lease liabilities, current portion	2,996
Other current liabilities	1,423
Long-term operating lease liabilities	18,038
Total liabilities assumed	77,164
Net identifiable assets acquired	100,213
Goodwill	125,113
Total estimated consideration transferred	$	225,326

The major classes of assets and liabilities to which the purchase price was allocated were as follows:

(in thousands)	Fair Value
Cash and cash equivalents	$	5,469
Accounts receivable	15,905
Prepaid expenses and other current assets	621
Property and equipment	27
Operating lease right-of-use assets	599
Intangible assets	37,800
Other noncurrent assets	63
Total assets acquired	60,484
Accounts payable	2,454
Accrued expenses	1,056
Customer advances and billings in excess of costs	3,420
Salaries, benefits and payroll taxes	5,486
Deferred income taxes	7,700
Operating lease liabilities, current portion	355
Long-term operating lease liabilities	240
Total liabilities assumed	20,711
Net identifiable assets acquired	39,773
Goodwill	55,967
Total estimated consideration transferred	$	95,740

Schedule of Intangible Assets Acquired

Intangible assets acquired were as follows:

(in thousands, except years)	Weighted-average Amortization Period	Fair Value
Customer Relationships	10	$	71,800
Trade Name & Trademarks	7	2,300
Total intangible assets	10	$	74,100

Intangible assets acquired were as follows:

(in thousands, except years)	Weighted-average Amortization Period	Fair Value
Customer Relationships	11	$	32,200
Trade Name & Trademarks	7	5,600
Total intangible assets	10	$	37,800