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Acquisitions | 12 Months Ended
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Dec. 31, 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 the acquisitions, we acquired substantially all 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 our 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 December 31, 2018, our accounting for our 2018 acquisitions is complete. See Note 13 to the Consolidated Financial Statements included herein for additional information on our intangible and other non-current assets. During 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. We also acquired five funeral home businesses on Long Island, New York for $23.0 million in cash. The following table summarizes the breakdown of the purchase price allocation for the businesses acquired during 2017 (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 lease | (590 | )
Purchase price | $ | 27,500 |
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 2017 (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 | )

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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