Business Combinations (Tables)

3 Months Ended

Mar. 31, 2019

Acquisition Method for Recording Business Combinations

During the three-month period ended March 31, 2019, we acquired substantially all of the net assets of the following firms in exchange for our common stock and/or cash. These acquisitions have been accounted for using the acquisition method for recording business combinations (in millions, except share data):

Name and Effective Date of Acquisition	Common Shares Issued		Common Share Value		Cash Paid		Accrued Liability		Escrow Deposited		Recorded Earnout Payable		Total Recorded Purchase Price		Maximum Potential Earnout Payable
	(000s)
Inversion Holding Company Company, LLC (IHC) January 1, 2019		452	$	35.9	$	31.2	$	—	$	4.5	$	20.9	$	92.5	$	35.0
Jones Brown Inc. (JBI) January 1, 2019		—		—		65.9		—		8.7		—		74.6		—
Nine other acquisitions completed in 2019		—		—		79.7		0.1		6.0		14.9		100.7		46.1
		452	$	35.9	$	176.8	$	0.1	$	19.2	$	35.8	$	267.8	$	81.1

Summary of Estimated Fair Values of Net Assets Acquired

The following is a summary of the estimated fair values of the net assets acquired at the date of each acquisition made in the three-month period ended March 31, 2019 (in millions):

	IHC		JBI		Nine Other Acquisitions		Total
Cash	$	—	$	2.7	$	1.0	$	3.7
Other current assets		3.8		22.2		14.6		40.6
Fixed assets		0.3		1.1		0.5		1.9
Noncurrent assets		0.5		2.9		2.1		5.5
Goodwill		41.8		51.2		38.5		131.5
Expiration lists		50.6		22.7		57.3		130.6
Non-compete agreements		1.1		0.8		0.2		2.1
Total assets acquired		98.1		103.6		114.2		315.9

Current liabilities		5.1		26.1		12.3		43.5
Total liabilities assumed		5.6		29.0		13.5		48.1

Total net assets acquired	$	92.5	$	74.6	$	100.7	$	267.8

Summary of Unaudited Pro Forma Historical Results

The following is a summary of the unaudited pro forma historical results, as if these entities had been acquired at January 1, 2018 (in millions, except per share data):

	Three-month period ended March 31,
	2019		2018
Total revenues	$	1,993.0	$	1,855.9
Net earnings attributable to controlling interests		334.3		275.6
Basic net earnings per share		1.81		1.51
Diluted net earnings per share		1.77		1.49