Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Acquisition [Line Items]

Summary of Preliminary Calculations of the Fair Values of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary calculations of the fair values of McMahon’s assets acquired and liabilities assumed as of the acquisition date (in thousands):

Total Purchase Price	$	18,331
Purchase Price Allocation:
Accounts Receivable, net		8,456
Prepaid and other current assets		156
Property and equipment, net		819
Intangible assets		3,342
Contract assets		1,017
Other assets		115
Accounts payable and other current liabilities		(3,818	)
Other non-current obligations		(220	)
Contract liabilities		(841	)
Total identifiable assets	$	9,026
Goodwill		9,305
Net assets acquired	$	18,331

McMahon Associates, Inc. (“McMahon”)

Business Acquisition [Line Items]

Summary of Results of Operations of Businesses Acquired From Dates of Acquisitions

The consolidated financial statements of the Company include the results of operations since the date the business was acquired. The following table presents the results of operations of the acquired business from the date of acquisition for the six months ended June 30, 2022 (in thousands):

	For the Six Months Ended June 30, 2022
Gross Contract Revenue	$	5,463
Net Income (loss)	$	168

Summary of Unaudited Proforma Results

The following table presents the unaudited, pro forma consolidated results of operations for the six months ended June 30, 2022 and June 30, 2021, respectively, assuming that the McMahon acquisition described above occurred at January 1, 2021. These unaudited pro forma results are presented for informational purposes only and are not meant to represent actual operating results that would have been achieved had the related events occurred on such date (in thousands):

	For the Six Months Ended
	June 30, 2022		June 30, 2021
Gross Contract Revenue	$	127,069	$	84,918
Net Income (loss)	$	2,081	$	947