BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2022

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 June 17, 2022
Accounts receivable	$	1,079
Inventories and supplies	5,737
Prepaid expenses and other current assets	269
Property, plant and equipment	23,270
Permits and other intangibles	16,750
Operating lease right-of-use assets	585
Other non-current assets	42
Current liabilities	(2,756)
Current portion of operating lease liabilities	(186)
Operating lease liabilities, less current portion	(399)
Total identifiable net assets	44,391
Goodwill	29,375
Total purchase price	$	73,766

The components and allocation of the purchase price consist of the following amounts (in thousands):

	At Acquisition Date As Reported December 31, 2021		Measurement Period Adjustments		At Acquisition Date As Reported  June 30, 2022
Accounts receivable, including unbilled receivables	$	131,924	$	(395)	$	131,529
Inventories and supplies	3,162		—		3,162
Prepaid expenses and other current assets	16,016		363		16,379
Property, plant and equipment	313,540		—		313,540
Other intangibles	289,000		—		289,000
Operating lease right-of-use assets	34,347		68		34,415
Other non-current assets	1,045		(60)		985
Current liabilities	(115,704)		(883)		(116,587)
Current portion of operating lease liabilities	(11,659)		382		(11,277)
Operating lease liabilities, less current portion	(26,128)		(216)		(26,344)
Deferred tax liabilities	(85,908)		2,436		(83,472)
Other long-term liabilities	(2,685)		(242)		(2,927)
Total identifiable net assets	546,950		1,453		548,403
Goodwill (i)	683,463		(6,453)		677,010
Total purchase price	$	1,230,413	$	(5,000)	$	1,225,413

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(i) Goodwill represents the excess of the fair value of the net assets acquired over the purchase price. Goodwill of $677.0 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 unaudited supplemental pro-forma data presents consolidated information as if the acquisition had occurred on January 1, 2021 (in thousands):

	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Pro forma combined revenues	$	1,121,121	$	2,107,309
Pro forma combined net income	74,526		102,078