Business Combinations

Our investments in businesses during the first three months of 2019 were $4,056, including liabilities assumed of $245 and debt issued, in the form of notes payable to the sellers of $895, and have been included in our residential and commercial segment. Measurement-period adjustments are not complete. The measurement period for purchase price allocations ends as soon as information of the facts and circumstances becomes available, but does not exceed one year from the acquisition date. During the three months ended March 31, 2018, our investment in businesses was $86, with no debt issued.

The following table summarizes the preliminary purchase price allocation of the estimated fair values of the assets acquired and liabilities assumed:



	Three Months Ended			Year Ended
	March 30, 2019			December 31, 2018
Detail of acquisitions:
Assets acquired:
Receivables	$	41		$	1,311
Operating supplies	79			23
Prepaid expense	13			89
Equipment	830			4,079
Intangibles	1,861			4,895
Goodwill	1,232			2,840
Liabilities assumed	(245		)	(2,381		)
Debt issued for purchases of businesses	(895		)	(2,402		)
Cash paid	$	2,916		$	8,461

The results of operations of acquired businesses have been included in the consolidated statements of operations beginning as of the effective dates of acquisition. The effect of these acquisitions on our consolidated revenues and results of operations for the period ended March 30, 2019 was not significant. Pro forma net sales and results of operations for the acquisitions, had they occurred at the beginning of the three months ended March 30, 2019, are not material and, accordingly, are not provided.

The Company’s intangible assets consist of tradenames, non-competition agreements and customer relationships. The tradenames and customer relationships intangible assets were assigned an average seven-year useful life, and the non-competition agreements were assigned an average five-year useful life.