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ACQUISITIONS | 6 Months Ended
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Jun. 30, 2022
ACQUISITIONS |
ACQUISITIONS | NOTE 3.ACQUISITIONS The Company made 22 acquisitions during the six-month period ended June 30, 2022, and 39 acquisitions for the year ended December 31, 2021. For the 22 acquisitions completed through June 30, 2022, the preliminary values of major classes of assets acquired and liabilities assumed recorded at the dates of acquisition, as adjusted during the valuation period, are included in the reconciliation of the total consideration as follows (in thousands): ​
​ | ​ | ​ | ​ | ​
​ |  | June 30, 2022 | ​
Accounts receivable, net | ​ | $ | 383 | ​
Materials and supplies | ​ |  | 285 | ​
Equipment and property | ​ |  | 2,281 | ​
Goodwill | ​ |  | 23,220 | ​
Customer contracts | ​ |  | 24,874 | ​
Trademarks & tradenames | ​ |  | 2 | ​
Other intangible assets | ​ |  | 631 | ​
Current liabilities | ​ |  | (384) | ​
Other assets and liabilities, net | ​ |  | 403 | ​
Total consideration | ​ | $ | 51,695 | ​
Less: Acquisition holdback liabilities | ​ |  | (5,255) | ​
Total cash purchase price | ​ | $ | 46,440 | ​
​ The Company also made a final payment of $3.1 million for a 2021 acquisition in 2022. ​ Goodwill from acquisitions represents the excess of the purchase price over the fair value of net assets of businesses acquired. The factors contributing to the amount of goodwill are based on strategic and synergistic benefits that are expected to be realized. For the six months ended June 30, 2022, $23.2 million of goodwill was added related to the 22 acquisitions noted above. The recognized goodwill is expected to be deductible for tax purposes. The purchase price allocations for these acquisitions are preliminary until the Company obtains final information regarding these fair values.

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