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Acquisitions
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Acquisitions
ACQUISITIONS
On July 10, 2018, we acquired two funeral home businesses, one in Fredericksburg, Virginia and one in Stafford, Virginia, for $29.2 million in cash. On August 21, 2018, we acquired a funeral home business in Cookeville, Tennessee for $2.8 million in cash. On August 28, 2018, we acquired a funeral home business in Knightdale, North Carolina for $6.0 million in cash.
For these acquisitions, we acquired substantially all of the assets and assumed certain operating liabilities. 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
$
166

Property, plant & equipment
17,543

Goodwill
16,777

Intangible and other non-current assets
3,863

Assumed liabilities
(399
)
Purchase price
$
37,950


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 these businesses (in millions):
Acquisition Date
 
Type of Business
 
Market
 
Assets
Acquired
(Excluding
Goodwill)
 
Goodwill
Recorded
 
Liabilities
and Debt
Assumed
July 10, 2018
 
Two Funeral Homes
 
Fredericksburg/Stafford, VA
 
$
13.2

 
$
16.0

 
$

August 21, 2018
 
One Funeral Home
 
Cookeville, TN
 
$
2.5

 
$
0.5

 
$
(0.2
)
August 28, 2018
 
One Funeral Home
 
Knightdale, NC
 
$
5.9

 
$
0.3

 
$
(0.2
)

As of September 30, 2018, our accounting for our 2018 acquisitions is complete. See Note 12 to the Consolidated Financial Statements included herein for additional information on our intangible and other non-current assets.
For the nine months ended September 30, 2017, we did not acquire any businesses.