Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

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BUSINESS COMBINATIONS (Tables)
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Assets acquired and liabilities assumed

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,
2018		  
Accounts receivable   $ 3,422  
Materials & supplies     555  
Equipment and property     6,790  
Goodwill     21,055  
Customer contracts and other intangible assets     66,738  
Current liabilities     (19,011 )
Other assets and liabilities, net     (2,535 )
Total consideration paid   $ 77,014  
Less:  Contingent consideration liability     (5,229 )
Total cash purchase price   $ 71,785  
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, 2018 (in thousands):

 

Intangible Asset   Carrying Value     Useful Life in Years  
Customer contracts   $ 185,477       3-12  
Trademarks and tradenames     53,850       0 - 20  
Non-compete agreements     4,658       3-20  
Patents     2,137       3-15  
Other assets     2,565       10  
Internet domains     2,227       n/a  
Total customer contracts and other intangible assets   $ 250,914