Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.7.0.1
BUSINESS COMBINATIONS (Tables)
 6 Months Ended
Jun. 30, 2017
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,
    2017
Accounts receivable   $ 155  
Materials and supplies     93  
Equipment and property     241  
Customer contracts     6,654  
Other intangible assets     128  
Current liabilities     42  
Other assets and liabilities, net     (1,148 )
Total cash purchase price   $ 6,165  
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, 2017 (in thousands):

 

    Carrying   Useful Life
Intangible Asset   Value   in Years
Customer contracts   $ 113,826        3 - 12.5  
Trademarks and tradenames     32,376        0 - 20  
Non-compete agreements     4,248        3 - 20  
Patents     2,812       15  
Other assets     1,508       10  
Internet domains     2,227        n/a  
Total customer contracts and other intangible assets   $ 156,997