Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.5.0.2
BUSINESS COMBINATIONS (Tables)
 9 Months Ended
Sep. 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):

 

    September 30,  
    2016  
Accounts receivable   $ 3,185  
Materials and supplies     352  
Equipment and property     4,039  
Goodwill     8,613  
Customer contracts     40,861  
Other intangible assets     1,065  
Current liabilities     (6,836 )
Other assets and liabilities, net     (2,836 )
Total consideration paid   $ 48,443  
Less:  Contingent consideration liability     (7,619 )
Total cash purchase price   $ 40,824  
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 September 30, 2016 (in thousands):

 

    Carrying     Useful Life
Intangible Asset   Value     in Years
Customer contracts   $ 116,642      3 - 12.5
Trademarks and tradenames     32,933      0 - 20
Non-compete agreements     4,830      3 - 20
Patents     3,221      3 - 15
Other assets     2,031     10
Internet domains     2,228      n/a
Total customer contracts and other intangible assets   $ 161,885