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Business Acquisitions, Investments and Restructuring Charges
3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Business Acquisitions, Investments and Restructuring Charges BUSINESS ACQUISITIONS, INVESTMENTS AND RESTRUCTURING CHARGES
Acquisitions
We acquired various waste businesses during the three months ended March 31, 2019 and 2018. The purchase price for these business acquisitions and the allocations of the purchase price follows:
20192018
Purchase price:
Cash used in acquisitions, net of cash acquired
$50.6 $17.1 
Holdbacks
3.9 2.9 
Total54.5 20.0 
Allocated as follows:
Accounts receivable
1.6 0.7 
Property and equipment
7.7 7.3 
Other assets
0.4 — 
Other liabilities
(0.4)(3.1)
Fair value of tangible assets acquired and liabilities assumed9.3 4.9 
Excess purchase price to be allocated$45.2 $15.1 
Excess purchase price allocated as follows:
Other intangible assets
$12.7 $1.2 
Goodwill
32.5 13.9 
Total allocated$45.2 $15.1 
The purchase price allocations are preliminary and are based on information existing at the acquisition dates. Accordingly, the purchase price allocations are subject to change. Substantially all of the goodwill and intangible assets recorded for these acquisitions are deductible for tax purposes. These acquisitions are not material to our results of operations, individually or in the aggregate. As a result, no pro forma financial information is provided.
Investments
We hold non-controlling equity interests in certain limited liability companies that qualified for investment tax credits under Section 48 of the Internal Revenue Code. During the three months ended March 31, 2019, we reduced the carrying value of these investments by $11.6 million as a result of tax credits allocated to us, cash distributions, and our share of income and loss pursuant to the terms of the limited liability company agreements. We recognized no changes to the carrying value of these investments during the three months ended March 31, 2018.
Acquisition - Subsequent Event
In April 2019, we acquired all of the assets of a company and its affiliates, which collectively operated a hauling, transfer station, and recycling business in Oregon, for cash consideration of approximately $56 million. 
Restructuring Charges
In January 2018, we eliminated certain positions following the consolidation of select back-office functions, including but not limited to the integration of our National Accounts support functions into our existing corporate support functions. These changes include a reduction in administrative staffing and closing of certain office locations.
During the three months ended March 31, 2019, we incurred restructuring charges of $3.0 million that primarily related to upgrades to our back-office software systems. During the three months ended March 31, 2018, we incurred restructuring charges of $9.5 million that primarily consisted of severance and other employee termination benefits and the closure of offices with lease agreements with non-cancelable terms. We paid $4.6 million and $8.4 million during the three months ended March 31, 2019 and 2018, respectively, related to these restructuring efforts.
In 2019, we expect to incur additional restructuring charges of approximately $5 million primarily related to upgrades to our back-office software systems. Substantially all of these restructuring charges will be recorded in our corporate segment.