Business Combinations (Tables)

6 Months Ended

Jun. 30, 2017

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



(in thousands)
Name	Business Segment	Effective Date of Acquisition	Cash Paid		Other Payable		Recorded Earn-Out Payable		Net Assets Acquired		Maximum Potential Earn- Out Payable
Other	Various	Various	11,526		11,069		282		22,877		3,305
Total			$	11,526	$	11,069	$	282	$	22,877	$	3,305

Estimated fair values of aggregate assets and liabilities acquired

The following table summarizes the estimated fair values of the aggregate assets and liabilities acquired as of the date of each acquisition and adjustments made during the measurement period of the prior year acquisitions.



(in thousands)	Other			Total
Other current assets	93			93
Fixed assets	35			35
Goodwill	16,702			16,702
Purchased customer accounts	7,279			7,279
Non-compete agreements	552			552
Total assets acquired	24,661			24,661
Other current liabilities	(1,095		)	(1,095		)
Deferred income tax, net	(689		)	(689		)
Total liabilities assumed	(1,784		)	(1,784		)
Net assets acquired	$	22,877		$	22,877

Unaudited pro forma results

These unaudited pro forma results are not necessarily indicative of the actual results of operations that would have occurred had the acquisitions actually been made at the beginning of the respective periods.



(UNAUDITED)	For the three months ended June 30,				For the six months ended June 30,
(in thousands, except per share data)	2017		2016		2017		2016
Total revenues	$	467,369	$	448,362	$	934,477	$	874,344
Income before income taxes	$	108,412	$	109,736	$	220,119	$	212,932
Net income	$	66,353	$	66,650	$	136,916	$	129,113
Net income per share:
Basic	$	0.47	$	0.48	$	0.98	$	0.93
Diluted	$	0.47	$	0.47	$	0.96	$	0.92
Weighted average number of shares outstanding:
Basic	136,692		135,992		136,718		135,770
Diluted	139,101		137,581		139,064		137,260

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 and six months ended June 30, 2017 and 2016, were as follows:



	For the three months ended June 30,						For the six months ended June 30,
(in thousands)	2017			2016			2017			2016
Balance as of the beginning of the period	$	57,408		$	69,095		$	63,821		$	78,387
Additions to estimated acquisition earn-out payables	493			1,787			282			2,393
Payments for estimated acquisition earn-out payables	(5,547		)	(1,485		)	(15,777		)	(10,562		)
Subtotal	52,354			69,397			48,326			70,218
Net change in earnings from estimated acquisition earn-out payables:
Change in fair value on estimated acquisition earn-out payables	4,851			3,385			8,186			1,822
Interest expense accretion	738			672			1,431			1,414
Net change in earnings from estimated acquisition earn-out payables	5,589			4,057			9,617			3,236
Balance as of June 30,	$	57,943		$	73,454		$	57,943		$	73,454