BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Purchase Price

The following table summarizes the preliminary determination and recognition of assets acquired and liabilities assumed (in thousands):

	At October 8, 2021
Accounts receivable, including unbilled receivables	131,924
Inventories and supplies	3,162
Prepaid expenses and other current assets	16,016
Property, plant and equipment	313,540
Other intangibles	289,000
Operating lease right-of-use assets	34,347
Other non-current assets	1,045
Current liabilities	(115,704)
Current portion of operating lease liabilities	(11,659)
Operating lease liabilities, less current portion	(26,128)
Deferred tax liabilities	(85,908)
Other long-term liabilities	(2,685)
Total identifiable net assets	546,950
Goodwill (i)	683,463
Total purchase price	$	1,230,413

_____________(i) Goodwill represents the excess of the fair value of the net assets acquired over the purchase price. Goodwill of $683.5 million was assigned to the Environmental Sales & Service reporting unit and is attributable to the future economic benefits arising from the acquired operations, synergies and the acquired workforce of HydroChemPSC. None of the goodwill related to this acquisition will be deductible for tax purposes

Business Acquisition, Pro Forma Information

The following table presents unaudited pro forma combined summary financial information for the years ended December 31, 2021 and December 31, 2020, respectively, and assumes the acquisition of HydroChemPSC occurred on January 1, 2020 (in thousands):

	2021		2020
Pro forma combined revenues	$	4,380,724	$	3,859,430
Pro forma combined net income	229,807		149,219