Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for all of our 2019 acquisitions through September 30, 2019 is as follows:



	Nine Months Ended September 30, 2019
Cash Paid (gross of cash acquired)(1)	$	51,456
Purchase Price Holdbacks and Other	4,135
Total Consideration	55,591
Fair Value of Identifiable Assets Acquired:
Cash	2,224
Accounts Receivable, Prepaid Expenses and Other Assets	3,228
Property, Plant and Equipment(2)	5,320
Customer Relationship Intangible Assets	21,584
Operating Lease Right-of-Use Assets	16,956
Accounts Payable, Accrued Expenses and Other Liabilities	(2,716		)
Operating Lease Liabilities	(16,956		)
Deferred Income Taxes	(1,719		)
Total Fair Value of Identifiable Net Assets Acquired	27,921
Goodwill Initially Recorded(3)	$	27,670

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(1)	Included in cash paid for acquisitions in the Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2019 is net cash acquired of $2,224 and contingent and other payments, net of $7,267 related to acquisitions made in previous years.


(2)	Consists primarily of leasehold improvements, racking structures and warehouse equipment. These assets are depreciated using the straight-line method with the useful lives as noted in Note 2.f. to Notes to Consolidated Financial Statements included in our Annual Report.

(3) The goodwill associated with acquisitions is primarily attributable to the assembled workforce, expanded market opportunities and costs and other operating synergies anticipated upon the integration of the operations of us and the acquired businesses.

Schedule of Business Acquisition, Pro Forma Information

The unaudited consolidated pro forma financial information (the "Pro Forma Financial Information") below summarizes the combined results of us and IODC on a pro forma basis as if the IODC Transaction had occurred on January 1, 2017. The Pro Forma Financial Information is presented for informational purposes and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place on January 1, 2017. The Pro Forma Financial Information, for the period presented, includes purchase accounting adjustments (including amortization expenses from acquired intangible assets and depreciation of acquired property, plant and equipment). We and IODC collectively incurred $28,064 of operating expenditures to complete the IODC Transaction (including advisory and professional fees). These operating expenditures have been reflected within the results of operations in the Pro Forma Financial Information as if they were incurred on January 1, 2017.



	Three Months Ended September 30, 2018		Nine Months Ended September 30, 2018
Total Revenues	$	1,060,991	$	3,167,762
Income from Continuing Operations	$	77,349	$	218,953
Per Share Income from Continuing Operations - Basic	$	0.27	$	0.76
Per Share Income from Continuing Operations - Diluted	$	0.27	$	0.76