Business Combinations (Tables)

3 Months Ended

Mar. 31, 2017

Purchase price allocation for current year acquisitions and adjustments made for prior year acquisitions

The following table summarizes the changes to purchase price allocations made during the measurement period for prior year acquisitions. During the measurement periods, the Company will adjust assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. These adjustments are made in the period in which the amounts are determined and the current period income effect of such adjustments will be calculated as if the adjustments had been completed as of the acquisition date.



(in thousands)
Name	Business Segment	Effective Date of Acquisition	Cash Paid		Note Payable		Other Payable		Recorded Earn-Out Payable			Net Assets Acquired			Maximum Potential Earn- Out Payable
Other	Various	Various	—		—		—		(211		)	(211		)	—
Total			$	—	$	—	$	—	$	(211	)	$	(211	)	$	—

Estimated fair values of aggregate assets and liabilities acquired

The following table summarizes the adjustments made to the estimated fair values of the aggregate assets and liabilities for prior year acquisitions as of the date of each acquisition.



(in thousands)	Other			Total
Other current assets	93			93
Goodwill	429			429
Purchased customer accounts	(32		)	(32		)
Total assets acquired	490			490
Other current liabilities	(12		)	(12		)
Deferred income tax, net	(689		)	(689		)
Total liabilities assumed	(701		)	(701		)
Net assets acquired	$	(211	)	$	(211	)

Additions, payments, and net changes, as well as interest expense accretion on estimated acquisition earn-out payables

The resulting additions, payments, and net changes, as well as the interest expense accretion on the estimated acquisition earn-out payables, for the three months ended March 31, 2017 and 2016, were as follows:



	For the three months ended March 31,
(in thousands)	2017			2016
Balance as of the beginning of the period	$	63,821		$	78,387
Additions to estimated acquisition earn-out payables	(211		)	606
Payments for estimated acquisition earn-out payables	(10,230		)	(9,077		)
Subtotal	53,380			69,916
Net change in earnings from estimated acquisition earn-out payables:
Change in fair value on estimated acquisition earn-out payables	3,335			(1,563		)
Interest expense accretion	693			742
Net change in earnings from estimated acquisition earn-out payables	4,028			(821		)
Balance as of March 31,	$	57,408		$	69,095