Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Net Assets Acquired in Business Acquisitions

The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed, as a result of the acquisitions, that were recorded during 2018 and 2017:



	December 31,
(in thousands)	2018			2017
Fair value of total consideration transferred
Cash	$	250,769		$	211,143
Upfront cash consideration payable upon certain conditions being met	72,933			—
Contingent earn-out consideration arrangement (net)	(5,137		)	30,149
Upfront cash consideration being held in an escrow account	—			4,040
Total consideration transferred	318,565			245,332

Fair value of equity components recorded (not part of consideration)
Recognition of noncontrolling interest of joint ventures	23,500			27,625
Total equity components recorded	23,500			27,625

Total consideration transferred and equity components recorded	$	342,065		$	272,957

Fair value of assets acquired and liabilities assumed
Cash	$	18,212		$	18,982
Short term investments	—			24,206
Restricted cash	—			4,040
Other current assets	68,317			39,680
Property, plant, and equipment	2,176			1,018
Other long term assets	14,574			1,683
Intangible assets, definite lived	14,577			11,267
Intangible assets, indefinite lived	—			11,168
Capitalized software development costs	46			1,705
Deferred tax liability	854			(3,405		)
Current and other liabilities	(83,021		)	(58,324		)
Net assets acquired, excludes goodwill	35,735			52,020

Goodwill	306,330			220,937

Total net assets acquired	$	342,065		$	272,957

Schedule of Identified Intangible Assets Acquired as Part of Business Acquisitions

The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2018 and 2017:



	December 31,
	2018				2017
				Weighted Average			Weighted Average
Intangible asset category	Fair Value			Useful Life	Fair Value		Useful Life
	(in thousands)			(in years)	(in thousands)		(in years)
Customer relationships	$	7,342		11.7	$	518	10.0
Developed technology	3,726			5.0	—		0.0
Dealer's network	—			0.0	10,499		17.9
Airport contracts	4,896			9.0	—		0.0
Store networks	846			9.0	—		0.0
Brand	369			4.0	—		0.0
Purchase accounting adjustments for prior year acquisitions	(2,602		)	0.0	250		0.0
Total acquired intangible assets	$	14,577		9.2	$	11,267	17.6

Schedule of Intangible Assets, Future Amortization Expense

Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and all other prior acquisitions is as follows:



Estimated Amortization Expenses (in thousands):
For the year ending December 31, 2019	$	9,131
For the year ending December 31, 2020	8,289
For the year ending December 31, 2021	7,705
For the year ending December 31, 2022	7,372
For the year ending December 31, 2023	5,348
Thereafter	13,603

	$	51,448