Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for all of our acquisitions closed during the three months ended March 31, 2024 is as follows:

	THREE MONTHS ENDED MARCH 31, 2024
Cash Paid (gross of cash acquired)	$	125,000
Deferred Purchase Obligations, Purchase Price Holdbacks and Other(1)	133,713
Total Consideration	258,713
Fair Value of Identifiable Assets Acquired(2)	155,259
Fair Value of Identifiable Liabilities Acquired	(28,241)
Goodwill Initially Recorded(3)	$	131,695

(1)Consists of the acquisition-date present values of the Regency Deferred Purchase Obligation and the January 2025 Payment.

(2)Assets acquired include a customer and supplier relationship intangible asset, which has a fair value of $108,000 and a weighted average life of approximately 20 years.

(3)Goodwill is primarily attributable to the assembled workforce, expanded market opportunities and costs and other operating synergies anticipated upon the integration of the operations of us and the acquired businesses.