Quarterly report pursuant to Section 13 or 15(d)

Acquisitions of Businesses (Tables)

v3.7.0.1
Acquisitions of Businesses (Tables)
6 Months Ended
Jun. 30, 2017
Purchase Price Allocation

Consideration:

  

Cash paid

   $ 8.6  

Promissory note

     2.0  

Contingent consideration

     4.1  
  

 

 

 

Net Assets

   $ 14.7  
  

 

 

 

Fair Value of Assets Acquired and Liabilities Assumed:

  

Working capital, net

   $ 0.9  

Goodwill (1)

     7.9  

Intangible assets

     5.9  
  

 

 

 

Net Assets

   $ 14.7  
  

 

 

 

 

(1) Since our initial valuation on the date of the acquisition, we recorded a $1.7 million increase to goodwill related to adjustments in working capital, including $0.1 million in the second quarter of 2017. Goodwill is expected to be deductible for income tax purposes.