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ACQUISITIONS AND INVESTMENTS | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
ACQUISITIONS AND INVESTMENTS | ACQUISITIONS AND INVESTMENTS 2018 Acquisitions and Investments. In July 2018, the Company completed the acquisition of 100% of DataX Ltd., a national specialty finance credit agency and alternative data provider, in our USIS segment. In 2018, the Company completed various acquisitions in our Workforce Solutions and International segments to expand the Company’s product offerings. The primary areas of the purchase price that are not yet finalized are related to income taxes and working capital. Accordingly, adjustments may be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances that existed at the valuation date. 2017 Acquisitions and Investments. On August 10, 2017, the Company completed the acquisition of 100% of the outstanding stock of ID Watchdog, Inc., an identity theft protection and resolution company providing solutions to the employee benefits marketplace. On November 15, 2017, the Company completed the acquisition of 100% of the outstanding stock of Mercury Group of Companies Pty Ltd (“Mercury”), an Australian-owned workforce management company. We have completed the allocation of the purchase prices for the ID Watchdog and Mercury acquisitions. Purchase Price Allocation. The following table summarizes the estimated fair value of the net assets acquired and the liabilities assumed at the acquisition dates during 2018 and 2017.
| December 31,
| 2018 |  | 2017
| (In millions)
Cash | $ | 1.6 |  |  | $ | 4.3 |
Accounts receivable and other current assets | 4.4 |  |  | 3.2 |
Other assets | 0.3 |  |  | 0.4 |
Identifiable intangible assets (1) | 50.9 |  |  | 51.0 |
Goodwill (2) | 89.3 |  |  | 92.4 |
Total assets acquired | 146.5 |  |  | 151.3 |
Other current liabilities | (2.9 | ) |  | (5.1 | )
Other liabilities | (3.8 | ) |  | (10.9 | )
Non-controlling interest | (1.8 | ) |  | — |
Net assets acquired | $ | 138.0 |  |  | $ | 135.3 |
(1) | Identifiable intangible assets are further disaggregated in the following table.
(2) | The goodwill related to DataX Ltd. is included in the USIS operating segment and the goodwill related to the other 2018 acquisitions is included in the Workforce Solutions and International operating segments. The goodwill related to the 2018 acquisitions is not deductible for tax purposes. The 2017 goodwill related to ID Watchdog, Inc. and Mercury is included in the GCS and International operating segments, respectively, and is not deductible for tax purposes.
The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities, and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.
|  | December 31,
|  | 2018 |  | 2017
Intangible asset category |  | Fair value |  | Weighted-average useful life |  | Fair value |  | Weighted-average useful life
|  | (in millions) |  | (in years) |  | (in millions) |  | (in years)
Customer relationships |  | $ | 16.5 |  |  | 9.0 |  | $ | 42.7 |  |  | 10.2
Acquired software and technology |  | 2.7 |  |  | 2.7 |  | 6.5 |  |  | 6.5
Purchased data files |  | 30.2 |  |  | 11.3 |  | — |  |  | n/a
Non-compete agreements |  | 0.8 |  |  | 2.6 |  | — |  |  | n/a
Trade names and other intangible assets |  | 0.7 |  |  | 1.9 |  | 1.8 |  |  | 2.9
Total acquired intangibles |  | $ | 50.9 |  |  | 9.8 |  | $ | 51.0 |  |  | 9.5

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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