Business Acquisitions

9 Months Ended

Jun. 30, 2019

We continue to expand our solutions and integrate our technologies in new offerings through acquisitions. A summary of our acquisition activities is as follows:

Fiscal Year 2018

For the nine months ended June 30, 2018, we completed several acquisitions in our Healthcare and Automotive segment for total cash consideration of $113.1 million and contingent payments with a fair value of $2.0 million and effective settlement of the preexisting relationship with the acquiree of $12.9 million. As a result, we recognized goodwill of $65.1 million and other intangible assets of $60.8 million, with a weighted average life of 6.0 years. Such acquisitions were not significant individually or in aggregate to our condensed consolidated financial statements for the periods presented.

Acquisition-Related Costs, net

Acquisition-related costs include costs related to business and asset acquisitions. These costs consist of (i) transition and integration costs, including retention payments, transitional employee costs and earn-out payments, and other costs related to integration activities; (ii) professional service fees, including financial advisory, legal, accounting, and other outside services incurred in connection with acquisition activities, and disputes and regulatory matters related to acquired entities; and (iii) fair value adjustments to acquisition-related contingencies.

A summary of acquisition-related costs, net is as follows (dollars in thousands):



	Three Months Ended June 30,						Nine Months Ended June 30,
	2019			2018			2019			2018
Transition and integration costs	$	1,531		$	5,370		$	6,623		$	12,799
Professional service fees	950			1,254			1,406			2,705
Acquisition-related adjustments	(1,327		)	(1,708		)	(1,806		)	(2,667		)
Total	$	1,154		$	4,916		$	6,223		$	12,837