Annual report pursuant to Section 13 and 15(d)

Business Acquisitions and Related Transactions (Tables)

v3.22.4
Business Acquisitions and Related Transactions (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase Price Allocation by Acquisitions
A summary of the cumulative consideration paid, allocation of the purchase price, and adjustments made for the Plug Smart acquisition are presented in the table below:
Preliminary December 31, 2021 Measurement Period Adjustment As Adjusted December 31, 2022
Cash and cash equivalents $ 2,771  $ —  $ 2,771 
Accounts receivable 3,370  —  3,370 
Costs and estimated earnings in excess of billings 1,663  —  1,663 
Prepaid expenses and other current assets 1,499  —  1,499 
Goodwill 12,499  389  12,888 
Intangible assets 6,354  (409) 5,945 
Operating lease assets 488  —  488 
Accounts payable (1,795) —  (1,795)
Accrued expenses and other current liabilities (964) (127) (1,091)
Current portion of operating lease liabilities (145) (145)
Billings in excess of cost and estimated earnings (2,464) —  (2,464)
Deferred income tax liabilities (1,693) (1,693)
Long-term operating lease liabilities, net of current portion (343) —  (343)
Purchase price $ 21,240  $ (147) $ 21,093 
Purchase price, net of cash acquired $ 18,469  $ (147) $ 18,322 
Total fair value of consideration $ 21,240  $ 21,093 
Cash paid to date $ 17,692  $ 18,727 
Hold-back $ 750  $ 500