ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2020

ACQUISITIONS

Schedule of purchase price associated with business acquisitions and the allocation thereof

Number of business acquisitions closed		3
Consideration:
Cash due at closing	$	53,274
Estimated working capital adjustment		(763)
Fair market value of estimated contingent consideration		3,367
Total consideration	$	55,878
Allocation of purchase price:
Total tangible assets	$	4,142
Total liabilities assumed		(10,800)
Customer relationships		34,849
Management contracts		972
Goodwill		26,545
Other acquired intangibles		170
Total allocated consideration	$	55,878

Schedule of weighted-average useful lives of intangible assets acquired

The weighted-average useful lives of intangible assets acquired during the three months ended March 31, 2020 through business acquisitions and asset acquisitions are as follows:

	Number of
	Years
Management contracts	20
Customer relationships	9
Other acquired intangibles	5
Weighted-average useful life of all intangibles acquired	9