Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

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 2020 acquisitions through September 30, 2020 is as follows:


	Nine Months Ended September 30, 2020
Cash Paid (gross of cash acquired)(1)	$	124,614
Fair Value of Investments Applied to Acquisitions	27,276
Total Consideration	151,890
Fair Value of Identifiable Assets Acquired:
Cash	6,545
Accounts Receivable, Prepaid Expenses and Other Assets	16,815
Property, Plant and Equipment(2)	43,643
Customer Relationship Intangible Assets(3)	60,846
Operating Lease Right-of-Use Assets	111,251
Debt Assumed	(11,479)
Accounts Payable, Accrued Expenses and Other Liabilities	(9,435)
Operating Lease Liabilities	(111,251)
Deferred Income Taxes	(6,364)

Total Fair Value of Identifiable Net Assets Acquired	100,571
Goodwill Initially Recorded	$	51,319

________________________________________________________________

(1)Included in cash paid for acquisitions in our Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2020 is net cash acquired of $6,545 and contingent and other payments of $512 related to acquisitions completed in 2019.

(2) Consists primarily of leasehold improvements, racking structures and warehouse equipment.

(3) The preliminary weighted average lives of customer relationship intangible assets associated with acquisitions is seven years.