Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.20.1
BUSINESS COMBINATIONS (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities assumed recorded at the date of acquisition.

Schedule of Assets Acquired and Liabilities assumed recorded at the date of acquisition.

BUSINESS COMBINATIONS
    March 31, 2020  
Accounts receivable, net   $ 1,556  
Materials and supplies     103  
Equipment and property     2,850  
Goodwill     26,505  
Customer contracts     22,027  
Other intangible assets     3,029  
Current liabilities     (6,827 )
Other assets and liabilities, net     2,987  
Total consideration paid   $ 52,230  
Less:  Contingent consideration liability     (4,644 )
Total cash purchase price   $ 47,586  
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 March 31, 2020 (in thousands):

 

BUSINESS COMBINATIONS (Details 2)
Intangible Asset   Carrying
Value
    Useful Life
in Years
 
Customer contracts   $ 279,361       3-12  
Trademarks and tradenames     104,863       N/A-20
Non-compete agreements     4,505       3-20  
Patents     1,461       3-15  
Other assets     2,121       10  
Internet domains     2,227       N/A  
Total customer contracts and other intangible assets   $ 394,538