Acquisitions

3 Months Ended

Mar. 31, 2012

Acquisitions

Acquisitions

(4) Acquisitions

        We account for acquisitions using the acquisition method of accounting, and, accordingly, the results of operations for each acquisition have been included in our consolidated results from their respective acquisition dates. Cash consideration for our various acquisitions was primarily provided through borrowings under our credit facilities and cash equivalents on-hand. The unaudited pro forma results of operations for the period ended March 31, 2012 are not presented due to the insignificant impact of the 2012 acquisitions on our consolidated results of operations.

        A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for acquisitions in 2012 through March 31, 2012 is as follows:

Cash Paid (gross of cash acquired)	$	8,818
Total Consideration		8,818
Fair Value of Identifiable Assets Acquired:
Property, Plant and Equipment(1)		82
Customer Relationship Assets(2)		4,900
Liabilities Assumed(3)		(982	)
Total Fair Value of Identifiable Net Assets Acquired		4,000
Recorded Goodwill	$	4,818

(1)

Consists primarily of racking, leasehold improvements and computer hardware and software.

(2)

The weighted average life of customer relationship assets associated with acquisitions to date in 2012 was 18 years.

(3)

Consists primarily of accrued expenses and deferred revenue.