Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.8.0.1
BUSINESS COMBINATIONS (Tables)
 9 Months Ended
Sep. 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):

 

    September 30,
    2017
Accounts Receivable   $ 3,595  
Current Assets     464  
Equipment and property     2,245  
Goodwill and other intangible assets     158,513  
Current liabilities     (21,493 )
Long-term liabilities     151  
Total consideration paid   $ 143,475  
Less:  Contingent consideration liability     (15,593 )
Total cash purchase price   $ 127,882  
Schedule of assets acquired and liabilities assumed recorded at the date of acquisition

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,
    2017
Accounts Receivable   $ 3,595  
Current Assets     464  
Equipment and property     2,245  
Goodwill and other intangible assets     158,513  
Current liabilities     (21,493 )
Long-term liabilities     151  
Total consideration paid   $ 143,475  
Less:  Contingent consideration liability     (15,593 )
Total cash purchase price   $ 127,882  
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, 2017 (in thousands):

 

             
    Carrying     Useful Life  
Intangible Asset   Value     in Years  
Customer contracts   $ 141,385       3 - 12.5  
Trademarks and tradenames     35,196       0 - 20  
Non-compete agreements     4,245       3 - 20  
Patents     2,676       3 - 15  
Other assets     1,629       10  
Internet domains     2,227       n/a  
Total customer contracts and other intangible assets   $ 187,358