Acquisitions Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the breakdown of the purchase price allocation for these businesses and the subsequent adjustments made based on additional information which became available prior to June 30, 2020 (in thousands):



	Initial Purchase Price Allocation			Adjustments			Adjusted Purchase Price Allocation
Current assets	$	1,482		$	187		$	1,669
Preneed trust assets	15,891			—			15,891
Property, plant & equipment	21,680			—			21,680
Cemetery property	11,994			(45		)	11,949
Goodwill	99,344			(825		)	98,519
Intangible and other non-current assets	8,269			—			8,269
Assumed liabilities	(657		)	(145		)	(802		)
Preneed trust liabilities	(15,463		)	—			(15,463		)
Deferred revenue	(1,633		)	992			(641		)
Purchase price	$	140,907		$	164		$	141,071

During the three months ended June 30, 2020, we paid an additional $164,000 for our acquisition of the cemetery business in Fairfax, Virginia to reimburse the sellers for certain incremental taxes resulting from the 338(h)(10) election under the Internal Revenue Code. We also received $153,000 in cash, recorded in Current assets, related to the closing of all operating bank accounts in place prior to the acquisition. As of June 30, 2020, our accounting for cemetery receivables, cemetery property, deferred revenue and deferred tax liabilities for our 2019 acquisitions has not been finalized.



	Initial Purchase Price Allocation			Adjustments			Adjusted Purchase Price Allocation
Current assets	$	2,662		$	(107	)	$	2,555
Preneed trust assets	9,089						9,089
Property, plant & equipment	1,720						1,720
Cemetery property	14,753						14,753
Goodwill	12,916			110			13,026
Intangible and other non-current assets	2,506						2,506
Assumed liabilities	(489		)				(489		)
Deferred tax liability	(527		)	(3		)	(530		)
Preneed trust liabilities	(9,089		)				(9,089		)
Deferred revenue	(541		)				(541		)
Purchase price	$	33,000		$	—		$	33,000