Business Combinations (Tables)

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

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	$	33,576	$	1,690	$	4,524	$	39,790	$	6,520
Total			$	33,576	$	1,690	$	4,524	$	39,790	$	6,520

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
Fixed assets	$	21		$	21
Goodwill	31,367			31,367
Purchased customer accounts	9,774			9,774
Non-compete agreements	42			42
Total assets acquired	41,204			41,204
Other current liabilities	(1,414		)	(1,414		)
Total liabilities assumed	(1,414		)	(1,414		)
Net assets acquired	$	39,790		$	39,790

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)	Three months ended   March 31,
(in thousands, except per share data)	2018		2017
Total revenues	$	502,679	$	467,198
Income before income taxes	$	118,807	$	111,618
Net income	$	91,109	$	70,522
Net income per share:
Basic	$	0.33	$	0.25
Diluted	$	0.32	$	0.25
Weighted average number of shares outstanding:
Basic	270,172		273,487
Diluted	275,714		278,052

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, 2018 and 2017, were as follows:

	Three months ended   March 31,
(in thousands)	2018			2017
Balance as of the beginning of the period	$	36,175		$	63,821
Additions to estimated acquisition earn-out payables	4,524			(211		)
Payments for estimated acquisition earn-out payables	(2,565		)	(10,230		)
Subtotal	38,134			53,380
Net change in earnings from estimated acquisition earn-out payables:
Change in fair value on estimated acquisition earn-out payables	2,062			3,335
Interest expense accretion	404			693
Net change in earnings from estimated acquisition earn-out payables	2,466			4,028
Balance as of March 31,	$	40,600		$	57,408