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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Acquisition Method for Recording Business Combinations | During the nine-month period ended September 30, 2021, 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):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  | Maximum |
|  | Common |  |  | Common |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Recorded |  |  | Recorded |  |  | Potential |
Name and Effective |  | Shares |  |  | Share |  |  |  |  |  |  | Accrued |  |  | Escrow |  |  | Earnout |  |  | Purchase |  |  | Earnout |
Date of Acquisition |  | Issued |  |  | Value |  |  | Cash Paid |  |  | Liability |  |  | Deposited |  |  | Payable |  |  | Price |  |  | Payable |
|  | (000s) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Atlas General Holdings, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
January 1, 2021 (AGH) |  |  | — |  |  | $ | — |  |  | $ | 95.2 |  |  | $ | — |  |  | $ | 5.4 |  |  | $ | 8.7 |  |  | $ | 109.3 |  |  | $ | 35.0 |
Bollington Wilson Group |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 5, 2021 (BWG) |  |  | — |  |  |  | — |  |  |  | 328.0 |  |  |  | — |  |  |  | 1.4 |  |  |  | — |  |  |  | 329.4 |  |  |  | — |
LDJ American Online Benefits Group, LLC May 1, 2021 (LDJ) |  |  | — |  |  |  | — |  |  |  | 38.2 |  |  |  | — |  |  |  | 7.1 |  |  |  | 14.8 |  |  |  | 60.1 |  |  |  | 20.0 |
Sixteen other acquisitions completed in 2021 |  |  | 337.0 |  |  |  | 44.4 |  |  |  | 157.3 |  |  |  | 13.1 |  |  |  | 18.9 |  |  |  | 34.1 |  |  |  | 267.8 |  |  |  | 70.2 |
|  |  | 337.0 |  |  | $ | 44.4 |  |  | $ | 618.7 |  |  | $ | 13.1 |  |  | $ | 32.8 |  |  | $ | 57.6 |  |  | $ | 766.6 |  |  | $ | 125.2 |
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 nine‑month period ended September 30, 2021 (in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  | Sixteen Other |  |  |  |  |
|  | AGH |  |  | BWG |  |  | LDJ |  |  | Acquisitions |  |  | Total |
Cash and restricted cash |  | $ | 32.8 |  |  | $ | 24.9 |  |  | $ | 0.7 |  |  | $ | 11.0 |  |  | $ | 69.4 |
Other current assets |  |  | 112.0 |  |  |  | 15.3 |  |  |  | 15.8 |  |  |  | 51.5 |  |  |  | 194.6 |
Fixed assets |  |  | 7.4 |  |  |  | 3.8 |  |  |  | — |  |  |  | 0.2 |  |  |  | 11.4 |
Noncurrent assets |  |  | 1.2 |  |  |  | 5.3 |  |  |  | 0.2 |  |  |  | 6.2 |  |  |  | 12.9 |
Goodwill |  |  | 45.9 |  |  |  | 257.1 |  |  |  | 25.7 |  |  |  | 124.8 |  |  |  | 453.5 |
Expiration lists |  |  | 39.7 |  |  |  | 81.6 |  |  |  | 25.4 |  |  |  | 133.2 |  |  |  | 279.9 |
Non-compete agreements |  |  | 0.3 |  |  |  | 1.2 |  |  |  | 0.2 |  |  |  | 2.1 |  |  |  | 3.8 |
Trade names |  |  | — |  |  |  | 3.4 |  |  |  | 0.2 |  |  |  | 1.1 |  |  |  | 4.7 |
Total assets acquired |  |  | 239.3 |  |  |  | 392.6 |  |  |  | 68.2 |  |  |  | 330.1 |  |  |  | 1,030.2 |
Current liabilities |  |  | 129.8 |  |  |  | 39.6 |  |  |  | 8.0 |  |  |  | 49.9 |  |  |  | 227.3 |
Noncurrent liabilities |  |  | 0.2 |  |  |  | 23.6 |  |  |  | 0.1 |  |  |  | 12.4 |  |  |  | 36.3 |
Total liabilities assumed |  |  | 130.0 |  |  |  | 63.2 |  |  |  | 8.1 |  |  |  | 62.3 |  |  |  | 263.6 |
Total net assets acquired |  | $ | 109.3 |  |  | $ | 329.4 |  |  | $ | 60.1 |  |  | $ | 267.8 |  |  | $ | 766.6 |
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, 2020 (in millions, except per share data):
| Three-month period ended |  |  | Nine-month period ended |
| September 30, |  |  | September 30, |
| 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Total revenues | $ | 2,140.7 |  |  | $ | 1,899.6 |  |  | $ | 6,278.4 |  |  | $ | 5,435.7 |
Net earnings attributable to controlling interests |  | 225.0 |  |  |  | 181.6 |  |  |  | 801.9 |  |  |  | 685.9 |
Basic net earnings per share |  | 1.09 |  |  |  | 0.94 |  |  |  | 3.99 |  |  |  | 3.60 |
Diluted net earnings per share |  | 1.06 |  |  |  | 0.92 |  |  |  | 3.90 |  |  |  | 3.52 |

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