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Acquisitions and Dispositions of Businesses (Tables)
3 Months Ended
Mar. 31, 2019
Acquisitions And Dispositions [Abstract]  
Schedule of assets acquired and liabilities assumed
The aggregate purchase price of the 2018 acquisitions was allocated as follows, based on acquisition date fair values to the following assets and liabilities:
 
 
Purchase Price Allocation
 
 
Year Ended
(in thousands)
 
December 31, 2018
Accounts receivable
 
$
2,344

Inventory
 
1,268

Property, plant and equipment
 
1,518

Goodwill
 
41,840

Amortized intangible assets
 
78,427

Other assets
 
5,198

Other liabilities
 
(7,678
)
Deferred income taxes
 
(4,900
)
Aggregate purchase price, net of cash acquired
 
$
118,017

Acquisition Pro Forma Financial Information
The following unaudited pro forma financial information presents the Company’s results as if the current year acquisitions had occurred at the beginning of 2018. The unaudited pro forma information also includes the 2018 acquisitions as if they occurred at the beginning of 2017:
 
Three Months Ended 
 March 31
(in thousands)
2019
 
2018
Operating revenues
$
705,393

 
$
728,632

Net income
82,127

 
44,854

Information related to Disposal Group
The revenue and operating income related to the KU business disposed of are as follows:
(in thousands)
Three Months Ended March 31, 2018
Revenue
$
91,526

Operating income
213