Acquisitions Purchase Price Allocation (Tables)

9 Months Ended

Sep. 30, 2017

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The preliminary purchase price allocation for the FiberNet Acquisition is shown below and is based upon a preliminary valuation which is subject to change as the Company obtains additional information with respect to fixed assets, intangible assets and certain liabilities.

Preliminary Purchase Price Allocation
Current Assets	$	51,791
Property and equipment	439,961
Goodwill(a)	779,013
Other intangible assets, net(b)	327,338
Other non-current assets	72
Current liabilities	(36,438		)
Other non-current liabilities	(40,907		)
Net assets acquired(c)	$	1,520,830

(a) The preliminary purchase price allocation for the FiberNet Acquisition resulted in the recognition of goodwill based on:

• the Company's expectation to leverage the FiberNet fiber footprint to support new small cell networks and fiber based solutions,

• the complementary nature of the FiberNet fiber to the Company's existing fiber assets and its location in top metro markets where the Company expects to see wireless carrier network investments,

• the Company's belief that the acquired fiber assets are well-positioned to benefit from the continued growth trends in the wireless industry, and

• other intangibles not qualified for separate recognition, including the assembled workforce.

(b) Predominantly comprised of site rental contracts and customer relationships.

(c) For tax purposes, the Fibernet Acquisition was treated as a purchase of assets. As a result of the tax step-up and the expectation that the vast majority of the assets will be included in the Company's REIT, no deferred taxes were recorded in connection with the FiberNet Acquisition.