Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.5.0.2
BUSINESS COMBINATIONS (Tables)
 6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of purchase price allocation

The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period, are included in the reconciliation of the total consideration as follows (in thousands):

 

    June 30,
    2016
Accounts receivable   $ 2,030  
Materials and supplies     250  
Equipment and property     3,393  
Goodwill     2,304  
Customer contracts     35,571  
Other intangible assets     589  
Current liabilities     (4,319 )
Other assets and liabilities, net     (2,035 )
Total consideration paid   $ 37,783  
Less:  Contingent consideration liability     (2,745 )
Total cash purchase price   $ 35,038  
Schedule of components of intangible assets

Customer contracts and other amortizable intangible assets are amortized on a straight-line basis over their economic useful lives. The following table sets forth the components of intangible assets as of June 30, 2016 (in thousands):

 

    Carrying   Useful Life
Intangible Asset   Value   in Years
Customer contracts   $ 118,822      3 - 12.5
Trademarks and tradenames     32,574      0 - 20
Non-compete agreements     5,573      3 - 20
Patents     3,359      3 - 15
Other assets     2,049     10
Internet domains     2,227      n/a
Total customer contracts and other intangible assets   $ 164,604