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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Summary of Location of Acquisitions

The following table summarizes the locations of our acquisitions for the years ended December 31, 2015, 2014 and 2013:

 

Acquisition Locations

 

2015

 

 

2014

 

 

2013

 

United States

 

 

19

 

 

 

17

 

 

 

13

 

Argentina

 

 

 

 

 

2

 

 

 

3

 

Brazil

 

 

2

 

 

 

3

 

 

 

2

 

Canada

 

 

2

 

 

 

2

 

 

 

3

 

Chile

 

 

 

 

 

3

 

 

 

1

 

Ireland

 

 

1

 

 

 

 

 

 

 

Japan

 

 

 

 

 

2

 

 

 

3

 

Mexico

 

 

3

 

 

 

 

 

 

1

 

Netherlands

 

 

2

 

 

 

 

 

 

 

Portugal

 

 

 

 

 

5

 

 

 

2

 

Romania

 

 

4

 

 

 

3

 

 

 

6

 

Republic of Korea

 

 

6

 

 

 

1

 

 

 

 

Spain

 

 

4

 

 

 

3

 

 

 

3

 

United Kingdom

 

 

 

 

 

3

 

 

 

12

 

Total

 

 

43

 

 

 

44

 

 

 

49

 

 

Aggregate Purchase Price Paid for Acquisitions and Other Adjustments to Consideration

The following table summarizes the aggregate purchase price paid for acquisitions and other adjustments of consideration to be paid for acquisitions during the years ended December 31, 2015, 2014 and 2013:

 

In thousands

 

 

 

2015

 

 

2014

 

 

2013

 

Cash

 

$

2,419,437

 

 

$

374,321

 

 

$

161,936

 

Promissory notes

 

 

64,072

 

 

 

125,229

 

 

 

64,581

 

Deferred consideration

 

 

3,172

 

 

 

3,535

 

 

 

31,149

 

Contingent consideration

 

 

12,945

 

 

 

17,174

 

 

 

4,371

 

Total purchase price

 

$

2,499,626

 

 

$

520,259

 

 

$

262,037

 

 

Purchase Price Allocation

The following table summarizes the preliminary purchase price allocation for current period acquisitions and other adjustments to purchase price allocations during the years ended December 31, 2015, 2014 and 2013:

 

In thousands

 

 

 

2015

 

 

2014

 

 

2013

 

Fixed assets

 

$

198,145

 

 

$

98,916

 

 

$

15,582

 

Intangibles

 

 

1,052,016

 

 

 

276,798

 

 

 

92,398

 

Goodwill

 

 

1,422,673

 

 

 

235,597

 

 

 

179,795

 

Accounts receivable

 

 

135,800

 

 

 

68,019

 

 

 

19,920

 

Net other assets/ (liabilities)

 

 

18,133

 

 

 

(11,702

)

 

 

3,260

 

Environmental remediation liabilities

 

 

 

 

 

(32,383

)

 

 

 

Current liabilities

 

 

(91,522

)

 

 

(67,334

)

 

 

(23,200

)

Debt

 

 

(4,966

)

 

 

(22,102

)

 

 

(7,512

)

Net deferred tax liabilities

 

 

(230,653

)

 

 

(18,769

)

 

 

(13,995

)

Noncontrolling interests

 

 

 

 

 

(6,781

)

 

 

(4,211

)

Total purchase price allocation

 

$

2,499,626

 

 

$

520,259

 

 

$

262,037

 

The following table summarizes the preliminary purchase price allocation by major asset acquired and liability assumed, as well as the amount of goodwill recognized for Shred-it acquisition and in aggregate for all other 2015 acquisitions:

 

In thousands

 

 

 

Shred-it

Acquisition

 

 

Other Acquisitions

 

 

Total

 

Fixed assets

 

$

174,250

 

 

$

23,895

 

 

$

198,145

 

Intangibles

 

 

955,000

 

 

 

97,016

 

 

 

1,052,016

 

Goodwill

 

 

1,333,046

 

 

 

89,627

 

 

 

1,422,673

 

Accounts receivable

 

 

117,541

 

 

 

18,259

 

 

 

135,800

 

Net other assets/ (liabilities)

 

 

16,738

 

 

 

1,395

 

 

 

18,133

 

Current liabilities

 

 

(72,178

)

 

 

(19,344

)

 

 

(91,522

)

Debt

 

 

 

 

 

(4,966

)

 

 

(4,966

)

Net deferred tax liabilities

 

 

(220,505

)

 

 

(10,148

)

 

 

(230,653

)

Total purchase price allocation

 

$

2,303,892

 

 

$

195,734

 

 

$

2,499,626

 

 

Pro Forma Information

The following consolidated pro forma information on the impact of the 2015 acquisitions to our consolidated revenues and net income is based on the assumption that these acquisitions all occurred on January 1, 2014:

 

In thousands

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

Revenues

 

$

3,569,490

 

 

$

3,397,646

 

Net income

 

 

307,994

 

 

 

375,339