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ACQUISITIONS
3 Months Ended
Mar. 31, 2020
ACQUISITIONS  
ACQUISITIONS

3.   ACQUISITIONS

Acquisition-related costs relate to acquisitions and other strategic opportunities, including the Merger. The Company expensed $0.8 million of acquisition-related costs during the three months ended March 31, 2020 that included $0.7 million of professional fees, and $0.1 million of compensation-related costs. The Company expensed $2.3 million of acquisition-related costs during the three months ended March 31, 2019 that included $1.3 million of compensation-related costs and $1.0 million of professional fees. These acquisition-related expenses are included in acquisition-related costs in the condensed consolidated statements of income.

On February 3, 2020, the Company purchased Hanweck Associates, LLC (“Hanweck”) and the assets of FT Providers, LLC (“FT Options”). Hanweck and FT Options are both providers of risk analytics market data and included in the Company’s Options segment. Of the acquisitions’ purchase price, $60.4 million was allocated to goodwill, $20.3 million was allocated to intangible assets, and $0.4 million was allocated to working capital. In connection with these acquisitions, approximately $17.5 million in contingent consideration related to developmental milestones has been recorded in the Company’s condensed consolidated financial statements.