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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2015
Acquisitions [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
(in millions) |  | Purchase Price
Base purchase price |  | $ | 690.0 |
Working capital and other adjustments |  | 24.2 |
Estimated transaction consideration |  | $ | 714.2 |
Current assets |  | $ | 44.4 |
Property and equipment |  | 86.4 |
Goodwill |  | 296.4 |
Intangible assets(a) |  | 316.6 |
Other assets |  | 10.7 |
Current liabilities |  | (34.5 | )
Long-term debt(b) |  | (1.4 | )
Other liabilities |  | (4.4 | )
Total net assets acquired |  | $ | 714.2 |
(a) | Intangible assets included with the preliminary purchase price allocation are as follows:
(in millions) |  | Estimated Useful Life |  | Intangible Assets Allocation
Permits and leasehold agreements |  | 12 - 20 years |  | $ | 244.0 |
Franchise agreements |  | 4 - 15 years |  | 34.8 |
Advertising relationships |  | 7 years |  | 16.0 |
Other |  | 1 - 5 years |  | 21.8 |
|  |  |  | $ | 316.6 |
(b) | In conjunction with the Acquisition, we assumed a total of $1.4 million of long term debt, due to three unrelated third parties. The debt has varying maturities through June 1, 2021. As of March 31, 2015, we have prepaid several of the debt obligations, leaving a remaining balance of $0.6 million, with varying maturities through January 31, 2017.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Intangible assets included with the preliminary purchase price allocation are as follows:
(in millions) |  | Estimated Useful Life |  | Intangible Assets Allocation
Permits and leasehold agreements |  | 12 - 20 years |  | $ | 244.0 |
Franchise agreements |  | 4 - 15 years |  | 34.8 |
Advertising relationships |  | 7 years |  | 16.0 |
Other |  | 1 - 5 years |  | 21.8 |
|  |  |  | $ | 316.6 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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