Acquistions Acquisitions

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Business Combination Disclosure

Acquisitions/Dispositions

In February 2016, the Company acquired an 85% ownership interest for $42.3 million in a company engaged in the distribution of promotional merchandise. The fair value of the assets acquired and liabilities assumed have been estimated based on a preliminary valuation. The fair values of the assets and liabilities will be adjusted, as needed, following completion of the final valuation.

The following table summarizes the initial estimated fair value of net assets acquired and liabilities assumed for the business combination completed in 2016:

(In thousands)	2016
Cash and cash equivalents	$	1,072
Real estate, furniture and equipment	701
Goodwill and other intangibles assets	40,282
Premiums and service fees receivable	3,845
Other assets	5,166
Total assets acquired	51,066
Other liabilities assumed	(4,931		)
Noncontrolling interest	(3,850		)
Net assets acquired	$	42,285