ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Purchase price allocation

The following illustrates the allocation of the aggregate purchase price for the above acquisitions to the assets acquired and liabilities assumed:

(in thousands)	2019 acquisitions(1)			2018 acquisitions(2)			2017 acquisitions(3)
Net tangible assets acquired and liabilities assumed(4)	$	2,735		$	8,200		$	(1,956	)
Identifiable intangible assets:
Customer lists/relationships	5,815			60,587			58,620
Trade names	—			14,700			10,000
Technology-based intangibles	—			7,500			800
Software to be sold	—			—			2,200
Internal-use software	276			—			1,445
Total intangible assets	6,091			82,787			73,065
Goodwill	4,174			104,140			63,941
Total aggregate purchase price	13,000			195,127			135,050
Liabilities for holdback payments and contingent consideration(5)	(3,000		)	(1,078		)	(5,980		)
Non-cash consideration(6)	—			(1,060		)	—
Net cash paid for current year acquisitions	10,000			192,989			129,070
Holdback payments for prior year acquisitions	1,605			21,269			10,153
Payments for acquisitions, net of cash acquired(7)	$	11,605		$	214,258		$	139,223

⁽¹⁾ Net tangible assets acquired and liabilities assumed for 2019 consisted primarily of operating lease assets and property, plant and equipment, as well as operating lease liabilities.

⁽²⁾ Net tangible assets acquired and liabilities assumed for 2018 consisted primarily of REMITCO accounts receivable and Logomix deferred income tax liabilities. Amounts include measurement-period adjustments recorded in 2019 for the finalization of purchase accounting for certain of the 2018 acquisitions. These adjustments decreased goodwill $1,766, with the offset to various assets and liabilities, including a $1,000 increase in customer list intangible assets.

⁽³⁾ Net tangible assets acquired and liabilities assumed for 2017 consisted primarily of accounts receivable, marketable securities, inventory and accrued liabilities of RDM and Digital Pacific. Amounts include measurement-period adjustments recorded in 2018 for the finalization of purchase accounting for several of the 2017 acquisitions. These adjustments increased goodwill $4,183, with the offset to various assets and liabilities, including deferred revenue, deferred income taxes and other long-term liabilities, as well as a decrease of $1,654 in customer list intangibles and an increase in internal-use software of $1,000.

⁽⁴⁾ Net tangible assets acquired included trade accounts receivable of $11,564 during 2018 and $4,544 during 2017.

⁽⁵⁾ Consists of holdback payments due at future dates and liabilities for contingent consideration, which were not significant.

⁽⁶⁾ Consists of pre-acquisition amounts owed to us by certain of the acquired businesses.

⁽⁷⁾ Cash and cash equivalents acquired were $1,692 during 2018 and $27,299 during 2017.