Quarterly report pursuant to Section 13 or 15(d)

Silvertip Acquisition (Tables)

Silvertip Acquisition (Tables)
3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Asset Acquisition The following table summarizes the fair value of the consideration transferred in the Silvertip Acquisition and the Silvertip Purchase Price to the fair value of the assets acquired and liabilities assumed (which are included within the accompanying condensed consolidated balance sheets) as of the Silvertip Acquisition Date:
(in thousands)
Total Purchase Consideration:
Cash consideration $ 30,000 
Equity consideration 106,736 
Debt payments and closing costs 11,320 
Total consideration $ 148,056 
Cash and cash equivalents $ 2,681 
Accounts receivable and unbilled revenue 21,079 
Inventories 1,209 
Prepaid expenses 2,476 
Other current assets 1,059 
Property and equipment (1)
Intangible assets:
Trademark/trade name (2)
Customer relationships (2)
Goodwill 23,624 
Operating lease right-of-use asset 2,783 
Total identifiable assets acquired 164,689 
Accounts payable 7,659 
Accrued and other current liabilities 6,178 
Operating lease liability 2,796 
Total liabilities assumed 16,633 
Total purchase consideration $ 148,056 
(1)Remaining useful lives ranging from less than one to 22 years
(2)Definite lived intangibles with amortization period of 10 years.