Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Purchase Price Allocations of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

	Useful Lives (in Years)		Value
Customer relationships		20	$	1,269,700
Trade names and trademarks—indefinite		N/A		237,100
Software		4 – 7		123,300
Non-competes		3		600
			$	1,630,700

Comdata Inc. [Member]

Summary of Purchase Price Allocation

The following table summarizes the preliminary allocation of the purchase price for Comdata (in thousands):

Restricted cash	$	93,312
Trade and other receivables		637,242
Prepaid expenses and other		16,077
Property and equipment		17,984
Goodwill		2,269,743
Other intangible assets		1,630,700
Notes and other liabilities assumed		(802,112	)
Deferred tax liabilities		(435,830	)
Other long term liabilities		(6,841	)
Aggregate purchase prices	$	3,420,275

Purchase Price Allocations of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

	Useful Lives (in Years)		Value
Customer relationships		20	$	1,269,700
Trade names and trademarks—indefinite		N/A		237,100
Software		4 – 7		123,300
Non-competes		3		600
			$	1,630,700

Schedule of Pro Forma Financial Information

The pro forma financial information presented below also includes depreciation and amortization based on the valuation of Comdata’s tangible and intangible assets resulting from the acquisition. The pro forma financial information does not include any synergies or operating cost reductions that may be achieved from the combined operations.

	Pro forma statements of income for the year ended December 31 (unaudited) (in thousands except per share data)
	2014		2013
Income statement data:
Revenues, net	$	1,715,090	$	1,430,463
Income before income taxes		594,746		364,582
Net income		421,693		226,667
Earnings per share:
Basic	$	4.64	$	2.53
Diluted		4.51		2.46
Weighted average shares outstanding:
Basic		90,940		89,418
Diluted		93,604		92,280

Other Acquisitions [Member]

Summary of Purchase Price Allocation

The following table summarizes the preliminary allocation of the purchase price for these remaining acquisitions during 2014 (in thousands):

Trade and other receivables	$	62,260
Prepaid expenses and other		232
Property and equipment		71
Goodwill		32,833
Other intangible assets		48,343
Notes and other liabilities assumed		(66,524	)
Aggregate purchase prices	$	77,215

Purchase Price Allocations of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

	Useful Lives (in Years)		Value
Customer relationships		14 –20	$	15,943
Trade names and trademarks—indefinite		N/A		2,900
Franchisee Agreements		20		29,500
			$	48,343

All 2013 Acquisitions [Member]

Summary of Purchase Price Allocation

The following table summarizes the preliminary allocation of the purchase price for all acquisitions during 2013 (in thousands):

Trade and other receivables	$	71,767
Prepaid expenses and other		12,151
Property and equipment		5,791
Other long term assets		53,737
Goodwill		641,361
Other intangible assets		473,000
Notes and other liabilities assumed		(284,974	)
Deferred tax liabilities		(83,470	)
Other long term liabilities		(50,092	)
Aggregate purchase prices	$	839,271

Purchase Price Allocations of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

	Useful Lives (in Years)		Value
Customer relationships		3 – 20	$	357,260
Trade names and trademarks—indefinite		N/A		46,900
Trade names and trademarks		15		200
Merchant network		10		16,750
Software		3 – 10		36,890
Non-competes		5		15,000
			$	473,000

All 2012 Acquisitions [Member]

Summary of Purchase Price Allocation

The following table summarizes the allocation of the purchase price for all acquisitions during 2012, net of cash acquired (in thousands):

Trade and other receivables	$	13,197
Prepaid expenses and other		6,014
Property and equipment		6,701
Goodwill		165,477
Other intangible assets		109,782
Notes and other liabilities assumed		(42,845	)
Deferred tax liabilities		(50,936	)
Aggregate purchase prices	$	207,390

Purchase Price Allocations of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

	Weighted Average Useful Lives (in Years)		Value
Customer relationships		10 – 20	$	77,678
Trade names and trademarks—indefinite		N/A		16,900
Merchant network		10		4,604
Software		3 – 10		9,800
Non-compete		2 – 6		800
			$	109,782