Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of Aggregate Purchase Price of Acquisitions

The following table provides information regarding the cash paid for the Company's 2015 acquisitions (in millions):



	Total
Aggregate purchase price (1), (2)	$	206.9
Less: cash acquired (3)	(10.7		)
Net cash paid during 2015 (3)	$	196.2


(1)	The aggregate purchase price represents the gross cash paid for 100% of the outstanding capital stock of the acquired businesses. This includes $179.2 million paid for Capterra and approximately $27.7 million paid for Nubera.


(2)	The aggregate purchase price includes $30.0 million placed in escrow to cover potential indemnification claims. Of this amount, $25.6 million is restricted cash and is reported in Other Assets on the Company's Condensed Consolidated Balance Sheets.


(3)	Cash acquired represents the amount of cash from the acquired businesses. The net cash paid represents the amount paid for cash flow reporting purposes.

Preliminary Allocation of Purchase Price

The following table summarizes the preliminary allocation of the purchase price to the fair value of the assets and liabilities assumed in the 2015 acquisitions (in millions):



	Total
Assets:
Cash	$	10.7
Receivables and other assets	12.8
Amortizable intangible assets (1)	79.6
Goodwill (1)	138.1
Total assets	$	241.2
Liabilities:
Payables and accrueds (2)	$	34.3
Total liabilities	$	34.3
Net assets acquired	$	206.9


(1)	Includes $68.5 million and $121.1 million of amortizable intangible assets and goodwill, respectively, for Capterra and approximately $11.1 million and $17.0 million of amortizable intangible assets and goodwill, respectively, for Nubera.


(2)	Includes $25.6 million Capterra escrow liability. The escrow liability is scheduled to be paid in late 2017 from restricted cash.