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ACQUISITIONS
6 Months Ended
Jun. 30, 2020
ACQUISITIONS  
ACQUISITIONS

3.   ACQUISITIONS

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. On June 1, 2020, the Company purchased the assets of Trade Alert, LLC (“Trade Alert”), a real-time alerts and order flow analysis service provider included in the Company’s Options segment. Of the acquisitions’ purchase price, $66.4 million was allocated to goodwill, $22.3 million was allocated to intangible assets, and $0.5 million was allocated to working capital. In connection with these acquisitions, approximately $20.5 million in contingent consideration related to developmental milestones has been recorded in the Company’s condensed consolidated financial statements.

Acquisition-related costs relate to acquisitions and other strategic opportunities, including the Merger. The Company expensed $9.4 million of acquisition-related costs during the three months ended June 30, 2020, which primarily included $8.1 million of impairment charges related to facilities and $1.3 million of professional fees and other expenses. The Company expensed $20.8 million of acquisition-related costs during the three months ended June 30, 2019 that included $10.5 million of impairment of goodwill charges, $6.1 million of impairment charges related to facilities, $2.1 million of compensation-related costs, $1.1 million of termination fees of an assigned lease agreement, and $0.8 million of professional fees. These acquisition-related expenses are included in acquisition-related costs in the condensed consolidated statements of income.

The Company expensed $10.2 million of acquisition-related costs during the six months ended June 30, 2020, which primarily included $8.1 million of impairment charges related to facilities and $2.1 million of professional fees and other expenses. The Company expensed $23.1 million of acquisition-related costs during the six months ended June 30, 2019 that included $10.5 million of impairment of goodwill charges, $6.1 million of impairment charges related to facilities, $3.4 million of compensation-related costs, $1.1 million of termination fees of an assigned lease agreement, and $1.8 million of professional fees. These acquisition-related expenses are included in acquisition-related costs in the condensed consolidated statements of income.