Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of recognized identified assets acquired and liabilities assumed

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed:



(millions) (unaudited)	As Initially Reported November 30, 2018			Preliminary Measurement Period Adjustments			As Adjusted November 30, 2018
Cash and cash equivalents	$	5.9		$	—		$	5.9
Notes and accounts receivable	13.2			—			13.2
Prepaid expenses and other	2.0			—			2.0
Advances and deposits	0.2			—			0.2
Leasehold improvements, equipment and construction in progress, net	1.5			—			1.5
Other intangible assets, net	118.0			—			118.0
Goodwill	154.1			0.1			154.2
Accounts payable	(6.5		)	—			(6.5		)
Accrued expenses	(4.1		)	(0.1		)	(4.2		)
Other long-term liabilities	(0.7		)	—			(0.7		)
Net assets acquired and liabilities assumed	$	283.6		$	—		$	283.6

Schedule of other intangible assets

Other intangible assets, net acquired consist of the following:



(millions) (unaudited)	Estimated Life ⁽¹⁾	Estimated Fair Value
Trade name	5.0 Years	$	5.6
Customer relationships	12.4 - 15.8 Years	100.4
Existing technology	5.0 - 6.0 Years	10.4
Non-compete agreement	5.0 Years	1.6
Estimated fair value of other intangible assets		$	118.0

⁽¹⁾ Represents preliminary estimated life of assets acquired.

Business acquisition, pro forma information



	Three Months Ended				Nine Months Ended
(millions) (unaudited)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Total services revenue	$	418.6	$	407.2	$	1,242.2	$	1,215.0
Net income attributable to SP Plus Corporation	14.2		13.6		40.0		44.7