ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2020

ACQUISITIONS

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

Number of business acquisitions closed		5
Consideration:
Cash due at closing	$	59,510
Working capital adjustments		(174)
Fair market value of estimated contingent consideration		6,332
Total consideration	$	65,668
Allocation of purchase price:
Total tangible assets	$	4,673
Total liabilities assumed		(12,272)
Customer relationships		39,749
Management contracts		1,194
Goodwill		32,121
Other acquired intangibles		203
Total allocated consideration	$	65,668

Schedule of weighted-average useful lives of intangible assets acquired

The weighted-average useful lives of intangible assets acquired during the six months ended June 30, 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