BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition

The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition, were as follows:

	at April 30
(dollars in thousands)	2019
Assets and liabilities:
Trade accounts receivables	$	6,974
Materials and supplies		900
Other current assets		5,367
Equipment and property, net		65,535
Goodwill		191,853
Customer contracts		112,700
Trademarks & tradenames		49,300
Non-compete agreements		500
Accounts payable		(1,929	)
Accrued compensation and related liabilities		(5,678	)
Unearned revenues		(879	)
Contingent Consideration, short-term		(6,777	)
Other current liabilities		(5,452	)
Accrued insurance, less current portion		(1,870	)
Other long-term accrued liabilities		(9,352	)
Contingent Consideration, long-term		(5,923	)
	$	395,269

The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition

The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018. The information presented below is for illustrative purposes only and is not necessarily indicative of results that would have been achieved if the acquisition actually had occurred as of the beginning of such years or results which may be achieved in the future.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
REVENUES
Customer services	$	535,993	$	515,454	$	997,829	$	957,373
COSTS AND EXPENSES		449,706		421,442		854,953		800,692
INCOME BEFORE INCOME TAXES		86,287		94,012		142,876		156,681
PROVISION FOR INCOME TAXES		22,489		25,683		34,458		37,032
NET INCOME	$	63,798	$	68,329	$	108,418	$	119,649
NET INCOME PER SHARE - BASIC AND DILUTED	$	0.19	$	0.21	$	0.33	$	0.37
DIVIDENDS PAID PER SHARE	$	0.11	$	0.09	$	0.21	$	0.19
Weighted average participating shares outstanding - basic and diluted		327,506		327,282		327,506		327,263

The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period

The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period, are included in the reconciliation of the total consideration for all 14 acquisitions as follows (in thousands):

	June 30, 2019
Accounts receivable, net	$	7,496
Materials & supplies		1,213
Equipment and property		67,048
Goodwill		194,562
Customer contracts and other intangible assets		173,450
Current liabilities		(13,470	)
Other assets and liabilities, net		(7,532	)
Total cash purchase price	$	422,767
Less: Contingent consideration liability		(12,700	)
Total cash purchase price	$	410,067