BUSINESS ACQUISITIONS AND RESTRUCTURING CHARGES

Acquisitions

We acquired various waste businesses during the six months ended June 30, 2018 and 2017. The purchase price for these acquisitions and the allocations of the purchase price follow:



	2018			2017
Purchase price:
Cash used in acquisitions, net of cash acquired	$	63.6		$	81.7
Holdbacks	8.4			3.8
Fair value of operations surrendered	—			2.1
Total	72.0			87.6
Allocated as follows:
Accounts receivable	1.5			1.7
Landfill airspace	22.2			—
Property and equipment	12.1			30.7
Other assets	0.1			—
Inventory	0.2			0.4
Accounts payable	(0.3		)	—
Environmental remediation liabilities	—			(0.1		)
Closure and post-closure liabilities	(1.7		)	—
Other liabilities	(3.9		)	(1.8		)
Fair value of tangible assets acquired and liabilities assumed	30.2			30.9
Excess purchase price to be allocated	$	41.8		$	56.7
Excess purchase price allocated as follows:
Other intangible assets	$	10.5		$	8.6
Goodwill	31.3			48.1
Total allocated	$	41.8		$	56.7

The purchase price allocations are preliminary and are based on information existing at the acquisition dates. Accordingly, the purchase price allocations are subject to change. Substantially all of the goodwill and intangible assets recorded for these acquisitions are deductible for tax purposes. These acquisitions are not material to the Company's results of operations, individually or in the aggregate. As a result, no pro forma financial information is provided.

Restructuring Charges

In January 2016, we realigned our field support functions by combining our three regions into two field groups, consolidating our areas and streamlining select operational support roles at our Phoenix headquarters. Additionally, in the second quarter of 2016, we began the redesign of our back-office functions as well as the consolidation of over 100 customer service locations into three Customer Resource Centers. During the three and six months ended June 30, 2017, we incurred restructuring charges of $4.1 million and $8.5 million, respectively, that consisted of severance and other employee termination benefits, transition costs, relocation benefits, and the closure of offices with lease agreements with non-cancelable terms. The savings realized from these restructuring efforts have been reinvested in our customer-focused programs and initiatives.

In January 2018, we eliminated certain positions following the consolidation of select back-office functions, including but not limited to the integration of our National Accounts support functions into our existing corporate support functions. These changes include a reduction in administrative staffing and closing of certain office locations. During the three and six months ended June 30, 2018, we incurred restructuring charges of $3.8 million and $13.3 million, respectively, that primarily consisted of severance and other employee termination benefits and the closure of offices with lease agreements with non-cancelable terms. We paid $4.2 million and $12.6 million during the three and six months ended June 30, 2018, respectively, related to these restructuring efforts.

We expect to incur additional charges of between approximately $5 million to $10 million during the remainder of 2018, primarily related to employee severance costs, lease exit and contract termination costs and the relocation of certain employees. Substantially all of these restructuring charges will be recorded in our corporate segment.