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Business Combinations
9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Business Combinations

16.   Business Combinations

 

In the first nine months of 2015, we completed two business combinations within our Roto-Rooter segment for $6.6 million in cash to increase our market penetration in Omaha, Nebraska and Scranton, Pennsylvania.  A substantial portion of this aggregate purchase price was allocated to goodwill.  The operating results of these business combinations have been included in our results of operations since the acquisition date and are not material for the three and nine-month periods ended September 30, 2015 nor for the comparable prior year periods.

 

Shown below is movement in Goodwill (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Vitas

 

Roto-Rooter

 

Total

Balance at January 1, 2014

$

328,450 

 

$

138,421 

 

$

466,871 

Business combinations

 

 -

 

 

198 

 

 

198 

Foreign currency adjustments

 

 -

 

 

(198)

 

 

(198)

Program closing

 

(149)

 

 

 -

 

 

(149)

Balance at December 31, 2014

$

328,301 

 

$

138,421 

 

$

466,722 

Business combinations

 

 -

 

 

5,944 

 

 

5,944 

Foreign currency adjustments

 

 -

 

 

(259)

 

 

(259)

Balance at September 30, 2015

$

328,301 

 

$

144,106 

 

$

472,407