ACQUISITIONS

Our growth strategy depends on the execution of our Strategic Acquisition Model. We assess the strategic positioning of acquisition candidates based on certain criteria, which include volume and price trends, size of business, size of market, competitive standing, demographics, strength of brand and barriers to entry. The value of the acquisition candidates is based on the local market competitive dynamic which allows for appropriate and differentiating enterprise valuations and flexibility to customize the transactions.

On November 7, 2017, we acquired a funeral home business in Longmont, Colorado for $2.2 million in cash and we acquired a funeral home business in Loveland, Colorado for $2.3 million in cash. On December 5, 2017, we acquired five funeral home businesses on Long Island, New York for $23.0 million in cash.

For the acquisitions, we acquired substantially all the assets and assumed certain operating liabilities including obligations associated with a capital lease and with certain financed automobiles. The pro forma impact of these acquisitions on prior periods is not presented, as the impact is not material to our reported results. The results of the acquired businesses are included in the Company's results from the date of acquisition.

The following table summarizes the breakdown of the purchase price allocation for the businesses described above (in thousands):



	Purchase Price Allocation
Current assets	$	180
Property, plant & equipment	12,195
Goodwill	12,469
Intangible and other non-current assets	3,309
Assumed liabilities	(63		)
Obligations under capital leases	(590		)
Purchase price	$	27,500

The intangible and other non-current assets relate to the fair value of tradenames and agreements not-to-compete.

The following table summarizes the fair value of the assets acquired for these businesses (in millions):



Acquisition Date	Type of Business	Market	Assets Acquired (Excluding Goodwill)		Goodwill Recorded		Liabilities and Debt Assumed
November 7, 2017	One Funeral Home	Longmont, CO	$	1.5	$	0.7	$	—
November 7, 2017	One Funeral Home	Loveland, CO	$	1.7	$	0.7	$	(0.1	)
December 5, 2017	Five Funeral Homes	Long Island, NY	$	12.5	$	11.1	$	(0.6	)

As of December 31, 2017, our accounting for our 2017 acquisitions is complete. See Note 12 to the Consolidated Financial Statements included herein for additional information on our intangible and other non-current assets.

During 2016, we acquired six funeral home businesses. We acquired two funeral home businesses in Houston, Texas in May 2016, one funeral home business in Madera, California in September 2016, one funeral home business in Brookfield, Wisconsin in November 2016 and two funeral home businesses in Burlington, North Carolina and Graham, North Carolina in November 2016.

The following table summarizes the breakdown of the purchase price for the businesses acquired during 2016 (in thousands):



	Purchase Price
Cash paid	$	23,871
Deferred payments	8,884
Purchase price	$	32,755

The following table summarizes the breakdown of the purchase price allocation for the businesses acquired during 2016 (in thousands):



	Purchase Price Allocation
Current assets	$	530
Property, plant & equipment	15,972
Goodwill	11,832
Intangible and other non-current assets	4,588
Assumed liabilities	(167		)
Purchase price	$	32,755

The intangible and other non-current assets relate to the fair value of tradenames and agreements not-to-compete, and the assumed liabilities relate to the obligations associated with certain financed automobiles we acquired.

The following table summarizes the fair value of the assets acquired for the businesses acquired during 2016 (in millions):



Acquisition Date	Type of Business	Market	Assets Acquired (Excluding Goodwill)		Goodwill Recorded		Liabilities and Debt Assumed
May 31, 2016	Two Funeral Homes	Houston, TX	$	7.0	$	3.3	$	(0.1	)
September 20, 2016	One Funeral Home	Madera, CA	$	3.7	$	1.9	$	—
November 8, 2016	One Funeral Home	Brookfield, WI	$	5.7	$	1.2	$	(0.1	)
November 15, 2016	Two Funeral Homes	Burlington/Graham, NC	$	4.7	$	5.4	$	—