Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Company's Preliminary Allocation of Purchase Price

The Company’s preliminary allocation of purchase price for the 14 acquisitions is as follows (in thousands):


	Third-Party Receivables Acquisition			Other Acquisitions			Total
Current assets	$	18,689		$	200		$	18,889
Property and equipment		5,807			83			5,890
Other noncurrent assets		115			643			758
Goodwill		201,796			271,837			473,633
Other intangible assets		221,870			68,724			290,594
Current liabilities		(5,863	)		(333	)		(6,196	)
Deferred income tax liabilities – long-term		(41,934	)		(18,602	)		(60,536	)
Other long-term liabilities		(829	)		—			(829	)

	$	399,651		$	322,552		$	722,203

Schedule of Pro Forma Information Combines Consolidated Results of Company and Business Acquisitions

The following unaudited pro forma information combines the consolidated results of operations of the Company on a GAAP basis and the acquisitions completed during 2016 and 2015, including adjustments for pro forma amortization and interest expense, as if the transactions had occurred on January 1, 2015 and January 1, 2014, respectively (in thousands, except per share data):


	Nine Months Ended September 30,
	2016		2015
Pro forma net revenue	$	2,492,022	$	2,442,735
Pro forma net income ⁽¹⁾	$	251,873	$	257,331
Pro forma net income per common share ⁽²⁾:
Basic	$	2.73	$	2.76
Diluted	$	2.71	$	2.73
Weighted average common shares ⁽²⁾:
Basic		92,336		93,195
Diluted		93,045		94,123

⁽¹⁾	The effective tax rate used to calculate pro forma net income for the nine months ended September 30, 2016 of 38.8% excludes the income tax benefit related to the settlement of a tax matter.

⁽²⁾	The comparison of net income per common share is affected by the changes in the number of weighted average shares outstanding in each period.