Business Combination Disclosure [Text Block] | Fiscal 2017 Acquisitions Compass Medical, Inc. On September 16, 2016, we purchased the assets of Compass Medical, Inc. ("Compass'') for approximately $16.0 million . The purchase price was financed with bank credit facility borrowings. Compass specializes in the sale and repair of flexible endoscopes. On an annual basis, Compass has generated revenues of approximately $6.0 million and is being integrated into our Healthcare Specialty Services segment. Phoenix Surgical Holdings, Ltd. and Endo-Tek LLP On August 31, 2016, we purchased 100% of the shares of Phoenix Surgical Holdings, Ltd. and the assets of Endo-Tek LLP ("Phoenix Surgical and Endo-Tek") for approximately $14.3 million combined, net of cash acquired. The purchase price was financed with cash on hand. On an annual basis, these operations, which specialize in the repair of endoscopes, generated approximately $8.0 million in combined revenue and is being integrated into our Healthcare Specialty Services segment. Medisafe On July 22, 2016, we purchased 100% of the shares of Medisafe Holdings, Ltd. ("Medisafe"), a U.K. manufacturer of washer/disinfector equipment and related consumables and services for approximately $34.5 million , net of cash acquired. The purchase price was financed with cash on hand. On an annual basis, the Medisafe product line has generated $18.0 million in revenue. The acquisition of Medisafe provides washer manufacturing and research and development capabilities in the U.K. Medisafe's products and services is being integrated into our Healthcare Products segment. Fiscal 2016 Acquisitions Synergy Health plc On November 2, 2015, STERIS acquired all outstanding shares of Synergy in a cash and stock transaction valued at £24.80 ( $38.17 ) per Synergy share, or a total of approximately $2.3 billion based on the low trading price of Old STERIS’s stock of $73.02 per share on November 2, 2015. The Combination brought together businesses that generate revenues from over 100 countries and that are geographically complementary. Total costs of approximately $63,789 before tax were incurred during fiscal year 2016 related to the Combination and are reported in Selling, general and administrative expense. Total consideration for the transaction is presented in the table below. At the closing date of the Combination, vested share option awards remained outstanding under Synergy's Save As You Earn Plans ("SAYE"). In accordance with the provisions of SAYE, vested option awards were exercisable to the extent that the exercise price funds had been accumulated in accordance with the option holder's savings contract. The number of Synergy shares issued were fair valued based on the same cash and stock consideration available to other Synergy shareholders at the time of the Combination. Cash consideration $ 402,494 STERIS plc shares (25,848,798 ordinary shares issued) 1,887,479 Fair value of consideration available to vested Synergy share option holders 4,819 Total purchase consideration $ 2,294,792 The acquisition of Synergy has been accounted for using the acquisition method of accounting which requires, among other things, the assets acquired, liabilities assumed and noncontrolling interests be recognized at their respective fair values as of the acquisition date. The process for estimating the fair values of identifiable intangible assets and certain tangible assets and assumed liabilities requires the use of judgment in determining the appropriate assumptions and estimates. During the fiscal 2017 third quarter, adjustments were made to finalize the opening balance sheet fair value estimates. Adjustments related primarily to property, plant and equipment, intangible assets and goodwill. The cumulative impact of the final purchase price allocation resulted in a cumulative decrease in depreciation, amortization and depletion expense of approximately $20 million , of which approximately $17 million was recorded within Selling, general and administrative expense and approximately $3 million was recorded within Cost of revenues in the Consolidated Statements of Income. The cumulative foreign currency translation adjustment recorded as a result of the finalization of purchase accounting was approximately $170 million . The purchase price allocation below represents Synergy's opening balance sheet as of November 2, 2015: November 2, 2015 (as previously reported) Adjustments November 2, 2015 (revised) Cash $ 53,057 $ — $ 53,057 Accounts receivable 107,341 (4,248 ) 103,093 Inventory 30,074 — 30,074 Property, plant and equipment 534,879 (38,324 ) 496,555 Other assets 19,708 (533 ) 19,175 Intangible assets 806,526 (302,330 ) 504,196 Goodwill 1,411,781 273,743 1,685,524 Total assets 2,963,366 (71,692 ) 2,891,674 Current liabilities (108,192 ) 260 (107,932 ) Long-term indebtedness (321,082 ) — (321,082 ) Non-current liabilities (230,544 ) 71,432 (159,112 ) Total Liabilities (659,818 ) 71,692 (588,126 ) Net Assets $ 2,303,548 $ — $ 2,303,548 The fair value of machinery and equipment was primarily determined using the cost approach, considering replacement cost, reproduction costs and trend factors based on price indices, which are classified as level 2 inputs within the fair value hierarchy. The fair values of intangible assets were determined using an income approach considering useful lives, future revenues and margins and a risk adjusted discount rate, which are classified as level 3 inputs within the fair value hierarchy. The estimated fair values and useful lives of these intangible assets are as follows: Total Useful Life Customer relationships $ 459,074 15 years Trade names 19,404 15 years Technology 25,718 6 years Total intangible assets acquired $ 504,196 Goodwill was allocated to the Applied Sterilization Technologies and Healthcare Specialty Services segments. Goodwill is the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined company and assembled workforce, which are further described above. Goodwill recognized as a result of the acquisition is not deductible for income tax reporting purposes. Contingent liabilities assumed as part of the Combination totaled $3,031 at the date of the Combination, and were included within accrued expenses and other liabilities in the consolidated balance sheet. These contingent liabilities included $1,470 related to income taxes (including uncertain tax positions) and $1,561 related to contingent consideration associated with prior acquisitions completed by Synergy. Contingent liabilities were recorded at their estimated fair values, aside from those pertaining to uncertainty in income taxes which are an exception to the fair value basis of accounting. See Note 17 , titled "Fair Value Measurements" to the consolidated financial statements for additional information on contingent liabilities. Actual and Pro Forma Impact Our fiscal 2016 consolidated financial statements include Synergy's results of operations from the date of acquisition on November 2, 2015 through March 31, 2016. Net sales and operating income attributable to Synergy during this period and included in our consolidated financial statements for the fiscal year ended March 31, 2016 total $254,911 and $3,695 , respectively. The following unaudited pro forma information gives effect to our acquisition of Synergy as if the acquisition had occurred on April 1, 2014 and Synergy had been included in our consolidated results of operations for fiscal years ended March 31, 2016 and March 31, 2015. Fiscal Year Ended March 31, Amounts are unaudited 2016 2015 Net revenues $ 2,619,056 $ 2,499,140 Net income from continuing operations 188,269 152,057 The historical consolidated financial information of STERIS and Synergy has been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transaction, (2) factually supportable and (3) expected to have a continuing impact on the combined results. In order to reflect the occurrence of the acquisition on April 1, 2014 as required, the unaudited pro forma results include adjustments to reflect the amortization of the inventory step-up, the incremental depreciation from the fair value adjustments to property, plant and equipment, and the incremental intangible asset amortization to be incurred based on the valuations of the assets acquired. Adjustments to financing costs and income tax expense also were made to reflect the capital structure and anticipated effective tax rate of the combined entity. These pro forma amounts are not necessarily indicative of the results that would have been obtained if the acquisition had occurred as of the beginning of the period presented or that may occur in the future, and does not reflect future synergies, integration costs, or other such costs or savings. Gepco On July 31, 2015, we acquired all of the outstanding shares of General Econopak, Inc. (“Gepco”), since renamed STERIS Barrier Products Solutions, Inc., for a purchase price of $176,474 in cash, including a customary working capital adjustment. Gepco is a Pennsylvania-based manufacturer of product solutions in the areas of sterility maintenance, barrier protection, and sterile cleanroom products for pharmaceutical, biotechnology and veterinary Customers. Gepco has been integrated into our Life Sciences business segment. The purchase price was financed through a combination of credit facility borrowings and cash on hand. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. The acquisition qualified for joint election tax benefit under Section 338 (h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Black Diamond On June 12, 2015, we acquired the capital stock of Black Diamond Video, Inc. ("Black Diamond"), a California-based developer and provider of operating room integration systems. The purchase price was approximately $46,155 , which included a working capital adjustment, deferred consideration of $5,870 and contingent consideration of $800 . The transaction consideration paid at closing was funded with cash on hand. Black Diamond has been integrated into our Healthcare Products business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. Other 2016 Acquisitions We also completed several other minor purchases that continued to expand our service offerings in the Healthcare Products, Healthcare Specialty Services and Life Sciences segments. The aggregate purchase price associated with these transactions was approximately $41,079 , including potential contingent consideration of $1,760 . Fiscal Year 2015 Dana Products, Inc. On March 9, 2015, the Company purchased all the outstanding shares of capital stock of Dana Products, Inc. ("Dana"), an Illinois manufacturer of chemical indicators used in steam sterilizers. The purchase price was approximately $12,414 , including a customary working capital adjustment. Dana has been integrated into the Healthcare Products business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. The acquisition of Dana qualified for a joint election tax benefit under Section 338(h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Intangible assets acquired consist of product names and patents, which are being amortized on a straight line basis over their useful lives of up to ten years. AGAPE Instruments Service, Inc. On December 31, 2014, a newly formed subsidiary of the Company purchased the assets and assumed certain liabilities of AGAPE Instruments Service, Inc. ("AGAPE"), an Ohio based provider of certification services. The purchase price was approximately $3,415 , including a customary working capital adjustment. The AGAPE business has been integrated into the Life Sciences business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. Intangible assets acquired consist of Customer relationships, which are being amortized on a straight line basis over seven years. Integrated Medical Systems International, Inc. On May 9, 2014, we completed the acquisition of all of the outstanding shares of capital stock of Integrated Medical Systems International, Inc. ("IMS") pursuant to a Stock Purchase Agreement dated March 31, 2014. The purchase price was approximately $162,905 , including a customary working capital adjustment. In addition, we purchased certain real estate used in the IMS business for approximately $10,000 . IMS has facilities located in Alabama, Florida and Maryland and provides a variety of services including: endoscope repair, surgical instrument management and sterile processing consulting. IMS has been integrated into our Healthcare Specialty Services segment. The acquisition of IMS qualified for a joint election tax benefit under Section 338(h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Intangible assets acquired consist of trade names and Customer relationships, which are being amortized on a straight line basis over their useful lives of up to nine years, with the exception of the IMS trade name which has an indefinite life. Fair Value of Assets Acquired and Liabilities Assumed The table below summarizes the allocation of the purchase price to the net assets acquired based on fair values at the acquisition dates for our fiscal 2017, 2016 and 2015 acquisitions. Fiscal Year 2017 Fiscal Year 2016 Fiscal Year 2015 Medisafe (1) Compass (1) Phoenix Surgical and Endo-Tek (1) Synergy Health plc Gepco Black Diamond Other Acquisitions Dana AGAPE IMS Cash $ 3,751 $ — $ 769 $ 53,057 $ 1,108 $ — $ — $ 135 $ — $ — Accounts receivable 3,614 629 1,123 103,093 4,161 2,966 3,859 617 342 16,594 Inventory 2,454 659 950 30,074 1,926 3,309 1,108 388 — 8,478 Property, plant and equipment 639 13 1,092 496,555 3,421 607 1,979 743 — 15,074 Other assets — 31 46 19,175 946 54 — — — 842 Intangible assets 17,151 5,992 — 504,196 61,900 13,500 14,829 6,363 1,200 62,000 Goodwill 19,618 8,987 12,794 1,685,524 104,485 31,792 20,630 4,311 1,899 81,587 Total Assets 47,227 16,311 16,774 2,891,674 177,947 52,228 42,405 12,557 3,441 184,575 Current liabilities (6,082 ) (309 ) (1,373 ) (107,932 ) (1,473 ) (4,525 ) (1,277 ) (143 ) (26 ) (11,670 ) Long-term indebtedness — — — (321,082 ) — — — — — — Non-current liabilities (2,877 ) — (295 ) (159,112 ) — (1,548 ) (49 ) — — — Total Liabilities (8,959 ) (309 ) (1,668 ) (588,126 ) (1,473 ) (6,073 ) (1,326 ) (143 ) (26 ) (11,670 ) Net Assets $ 38,268 $ 16,002 $ 15,106 $ 2,303,548 $ 176,474 $ 46,155 $ 41,079 $ 12,414 $ 3,415 $ 172,905 (1) Purchase price allocation is still preliminary as of March 31, 2017, as valuations have not been finalized. Acquisition related transaction and integration costs totaled $30,082 , $82,891 , and $32,762 for the fiscal years ended March 31, 2017 , 2016 , and 2015 , respectively. These costs are included in Selling, general, and administrative expenses in the Consolidated Statements of Income. Divestitures Netherlands Linen Management Services On February 9, 2017, we sold our Synergy Health Netherlands Linen Management Services business to EMEA B.V. Annual revenues for Synergy Health Netherlands Linen Management Services were approximately $75 million and were included in the Healthcare Specialty Services segment. We recorded a $42.9 million pre-tax loss on the sale in Selling, general, and administrative expense in the Consolidated Statements of Income as a result of the divestiture. In connection with the divestiture, we entered into a loan agreement to provide financing of up to €15 million for a term of up to 15 years . The loan carries an interest rate of 4 percent for the first four years and 12 percent thereafter. No borrowings were outstanding at March 31, 2017 . US Linen Management Services On November 3, 2016, we sold our Synergy Health US Linen Management Services business to SRI Healthcare LLC. Annual revenues for US Linen Management Services were approximately $50 million and were included in the Healthcare Specialty Services segment. We recorded proceeds of $4.5 million and recognized a pre-tax loss on the sale, subject to final adjustments, of $31.2 million in Selling, general, and administrative expense in the Consolidated Statements of Income. Synergy Health Labs On September 2, 2016, we sold Synergy Health Laboratory Services to SYNLAB International. Annual revenues for the Synergy Health Labs were approximately $15 million and were included in the Applied Sterilization Technologies segment. We recorded proceeds of $25.0 million , net of cash divested, and recognized a pre-tax gain on the sale of $17.4 million in Selling, general, and administrative expense in the Consolidated Statements of Income. Applied Infection Control On August 31, 2016, we completed the sale of our Applied Infection Control ("AIC") product line to DEB USA, Inc., a wholly-owned subsidiary of S.C. Johnson & Son, Inc. Annual revenues for the AIC product line were typically less than $50 million and were included in the Healthcare Products segment. We recorded proceeds of $41.8 million and recognized a pre-tax gain on the sale of $36.5 million in Selling, general, and administrative expense in the Consolidated Statements of Income. UK Linen Management Services On July 1, 2016, we sold our Synergy Health UK Linen Management Services business to STAR Mayan Limited. Annual revenues for UK Linen Management Services were approximately $50 million and were included in the Healthcare Specialty Services segment. We recorded proceeds of $65.4 million , net of cash divested, and recognized a pre-tax loss on the sale of $66.3 million in Selling, general, and administrative expense in the Consolidated Statements of Income. Fiscal 2017 Acquisitions Compass Medical, Inc. On September 16, 2016, we purchased the assets of Compass Medical, Inc. ("Compass'') for approximately $16.0 million . The purchase price was financed with bank credit facility borrowings. Compass specializes in the sale and repair of flexible endoscopes. On an annual basis, Compass has generated revenues of approximately $6.0 million and is being integrated into our Healthcare Specialty Services segment. Phoenix Surgical Holdings, Ltd. and Endo-Tek LLP On August 31, 2016, we purchased 100% of the shares of Phoenix Surgical Holdings, Ltd. and the assets of Endo-Tek LLP ("Phoenix Surgical and Endo-Tek") for approximately $14.3 million combined, net of cash acquired. The purchase price was financed with cash on hand. On an annual basis, these operations, which specialize in the repair of endoscopes, generated approximately $8.0 million in combined revenue and is being integrated into our Healthcare Specialty Services segment. Medisafe On July 22, 2016, we purchased 100% of the shares of Medisafe Holdings, Ltd. ("Medisafe"), a U.K. manufacturer of washer/disinfector equipment and related consumables and services for approximately $34.5 million , net of cash acquired. The purchase price was financed with cash on hand. On an annual basis, the Medisafe product line has generated $18.0 million in revenue. The acquisition of Medisafe provides washer manufacturing and research and development capabilities in the U.K. Medisafe's products and services is being integrated into our Healthcare Products segment. Fiscal 2016 Acquisitions Synergy Health plc On November 2, 2015, STERIS acquired all outstanding shares of Synergy in a cash and stock transaction valued at £24.80 ( $38.17 ) per Synergy share, or a total of approximately $2.3 billion based on the low trading price of Old STERIS’s stock of $73.02 per share on November 2, 2015. The Combination brought together businesses that generate revenues from over 100 countries and that are geographically complementary. Total costs of approximately $63,789 before tax were incurred during fiscal year 2016 related to the Combination and are reported in Selling, general and administrative expense. Total consideration for the transaction is presented in the table below. At the closing date of the Combination, vested share option awards remained outstanding under Synergy's Save As You Earn Plans ("SAYE"). In accordance with the provisions of SAYE, vested option awards were exercisable to the extent that the exercise price funds had been accumulated in accordance with the option holder's savings contract. The number of Synergy shares issued were fair valued based on the same cash and stock consideration available to other Synergy shareholders at the time of the Combination. Cash consideration $ 402,494 STERIS plc shares (25,848,798 ordinary shares issued) 1,887,479 Fair value of consideration available to vested Synergy share option holders 4,819 Total purchase consideration $ 2,294,792 The acquisition of Synergy has been accounted for using the acquisition method of accounting which requires, among other things, the assets acquired, liabilities assumed and noncontrolling interests be recognized at their respective fair values as of the acquisition date. The process for estimating the fair values of identifiable intangible assets and certain tangible assets and assumed liabilities requires the use of judgment in determining the appropriate assumptions and estimates. During the fiscal 2017 third quarter, adjustments were made to finalize the opening balance sheet fair value estimates. Adjustments related primarily to property, plant and equipment, intangible assets and goodwill. The cumulative impact of the final purchase price allocation resulted in a cumulative decrease in depreciation, amortization and depletion expense of approximately $20 million , of which approximately $17 million was recorded within Selling, general and administrative expense and approximately $3 million was recorded within Cost of revenues in the Consolidated Statements of Income. The cumulative foreign currency translation adjustment recorded as a result of the finalization of purchase accounting was approximately $170 million . The purchase price allocation below represents Synergy's opening balance sheet as of November 2, 2015: November 2, 2015 (as previously reported) Adjustments November 2, 2015 (revised) Cash $ 53,057 $ — $ 53,057 Accounts receivable 107,341 (4,248 ) 103,093 Inventory 30,074 — 30,074 Property, plant and equipment 534,879 (38,324 ) 496,555 Other assets 19,708 (533 ) 19,175 Intangible assets 806,526 (302,330 ) 504,196 Goodwill 1,411,781 273,743 1,685,524 Total assets 2,963,366 (71,692 ) 2,891,674 Current liabilities (108,192 ) 260 (107,932 ) Long-term indebtedness (321,082 ) — (321,082 ) Non-current liabilities (230,544 ) 71,432 (159,112 ) Total Liabilities (659,818 ) 71,692 (588,126 ) Net Assets $ 2,303,548 $ — $ 2,303,548 The fair value of machinery and equipment was primarily determined using the cost approach, considering replacement cost, reproduction costs and trend factors based on price indices, which are classified as level 2 inputs within the fair value hierarchy. The fair values of intangible assets were determined using an income approach considering useful lives, future revenues and margins and a risk adjusted discount rate, which are classified as level 3 inputs within the fair value hierarchy. The estimated fair values and useful lives of these intangible assets are as follows: Total Useful Life Customer relationships $ 459,074 15 years Trade names 19,404 15 years Technology 25,718 6 years Total intangible assets acquired $ 504,196 Goodwill was allocated to the Applied Sterilization Technologies and Healthcare Specialty Services segments. Goodwill is the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined company and assembled workforce, which are further described above. Goodwill recognized as a result of the acquisition is not deductible for income tax reporting purposes. Contingent liabilities assumed as part of the Combination totaled $3,031 at the date of the Combination, and were included within accrued expenses and other liabilities in the consolidated balance sheet. These contingent liabilities included $1,470 related to income taxes (including uncertain tax positions) and $1,561 related to contingent consideration associated with prior acquisitions completed by Synergy. Contingent liabilities were recorded at their estimated fair values, aside from those pertaining to uncertainty in income taxes which are an exception to the fair value basis of accounting. See Note 17 , titled "Fair Value Measurements" to the consolidated financial statements for additional information on contingent liabilities. Actual and Pro Forma Impact Our fiscal 2016 consolidated financial statements include Synergy's results of operations from the date of acquisition on November 2, 2015 through March 31, 2016. Net sales and operating income attributable to Synergy during this period and included in our consolidated financial statements for the fiscal year ended March 31, 2016 total $254,911 and $3,695 , respectively. The following unaudited pro forma information gives effect to our acquisition of Synergy as if the acquisition had occurred on April 1, 2014 and Synergy had been included in our consolidated results of operations for fiscal years ended March 31, 2016 and March 31, 2015. Fiscal Year Ended March 31, Amounts are unaudited 2016 2015 Net revenues $ 2,619,056 $ 2,499,140 Net income from continuing operations 188,269 152,057 The historical consolidated financial information of STERIS and Synergy has been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transaction, (2) factually supportable and (3) expected to have a continuing impact on the combined results. In order to reflect the occurrence of the acquisition on April 1, 2014 as required, the unaudited pro forma results include adjustments to reflect the amortization of the inventory step-up, the incremental depreciation from the fair value adjustments to property, plant and equipment, and the incremental intangible asset amortization to be incurred based on the valuations of the assets acquired. Adjustments to financing costs and income tax expense also were made to reflect the capital structure and anticipated effective tax rate of the combined entity. These pro forma amounts are not necessarily indicative of the results that would have been obtained if the acquisition had occurred as of the beginning of the period presented or that may occur in the future, and does not reflect future synergies, integration costs, or other such costs or savings. Gepco On July 31, 2015, we acquired all of the outstanding shares of General Econopak, Inc. (“Gepco”), since renamed STERIS Barrier Products Solutions, Inc., for a purchase price of $176,474 in cash, including a customary working capital adjustment. Gepco is a Pennsylvania-based manufacturer of product solutions in the areas of sterility maintenance, barrier protection, and sterile cleanroom products for pharmaceutical, biotechnology and veterinary Customers. Gepco has been integrated into our Life Sciences business segment. The purchase price was financed through a combination of credit facility borrowings and cash on hand. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. The acquisition qualified for joint election tax benefit under Section 338 (h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Black Diamond On June 12, 2015, we acquired the capital stock of Black Diamond Video, Inc. ("Black Diamond"), a California-based developer and provider of operating room integration systems. The purchase price was approximately $46,155 , which included a working capital adjustment, deferred consideration of $5,870 and contingent consideration of $800 . The transaction consideration paid at closing was funded with cash on hand. Black Diamond has been integrated into our Healthcare Products business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. Other 2016 Acquisitions We also completed several other minor purchases that continued to expand our service offerings in the Healthcare Products, Healthcare Specialty Services and Life Sciences segments. The aggregate purchase price associated with these transactions was approximately $41,079 , including potential contingent consideration of $1,760 . Fiscal Year 2015 Dana Products, Inc. On March 9, 2015, the Company purchased all the outstanding shares of capital stock of Dana Products, Inc. ("Dana"), an Illinois manufacturer of chemical indicators used in steam sterilizers. The purchase price was approximately $12,414 , including a customary working capital adjustment. Dana has been integrated into the Healthcare Products business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. The acquisition of Dana qualified for a joint election tax benefit under Section 338(h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Intangible assets acquired consist of product names and patents, which are being amortized on a straight line basis over their useful lives of up to ten years. AGAPE Instruments Service, Inc. On December 31, 2014, a newly formed subsidiary of the Company purchased the assets and assumed certain liabilities of AGAPE Instruments Service, Inc. ("AGAPE"), an Ohio based provider of certification services. The purchase price was approximately $3,415 , including a customary working capital adjustment. The AGAPE business has been integrated into the Life Sciences business segment. The purchase price has been allocated to the net assets acquired based on fair values at the acquisition date. Intangible assets acquired consist of Customer relationships, which are being amortized on a straight line basis over seven years. Integrated Medical Systems International, Inc. On May 9, 2014, we completed the acquisition of all of the outstanding shares of capital stock of Integrated Medical Systems International, Inc. ("IMS") pursuant to a Stock Purchase Agreement dated March 31, 2014. The purchase price was approximately $162,905 , including a customary working capital adjustment. In addition, we purchased certain real estate used in the IMS business for approximately $10,000 . IMS has facilities located in Alabama, Florida and Maryland and provides a variety of services including: endoscope repair, surgical instrument management and sterile processing consulting. IMS has been integrated into our Healthcare Specialty Services segment. The acquisition of IMS qualified for a joint election tax benefit under Section 338(h)(10) of the Internal Revenue Code, which allows goodwill and intangibles to be fully deductible for tax purposes. Intangible assets acquired consist of trade names and Customer relationships, which are being amortized on a straight line basis over their useful lives of up to nine years, with the exception of the IMS trade name which has an indefinite life. Fair Value of Assets Acquired and Liabilities Assumed The table below summarizes the allocation of the purchase price to the net assets acquired based on fair values at the acquisition dates for our fiscal 2017, 2016 and 2015 acquisitions. Fiscal Year 2017 Fiscal Year 2016 Fiscal Year 2015 Medisafe (1) Compass (1) Phoenix Surgical and Endo-Tek (1) Synergy Health plc Gepco Black Diamond Other Acquisitions Dana AGAPE IMS Cash $ 3,751 $ — $ 769 $ 53,057 $ 1,108 $ — $ — $ 135 $ — $ — Accounts receivable 3,614 629 1,123 103,093 4,161 2,966 3,859 617 342 16,594 Inventory 2,454 659 950 30,074 1,926 3,309 1,108 388 — 8,478 Property, plant and equipment 639 13 1,092 496,555 3,421 607 1,979 743 — 15,074 Other assets — 31 46 19,175 946 54 — — — 842 Intangible assets 17,151 5,992 — 504,196 61,900 13,500 14,829 6,363 1,200 62,000 Goodwill 19,618 8,987 12,794 1,685,524 104,485 31,792 20,630 4,311 1,899 81,587 Total Assets 47,227 16,311 16,774 2,891,674 177,947 52,228 42,405 12,557 3,441 184,575 Current liabilities (6,082 ) (309 ) (1,373 ) (107,932 ) (1,473 ) (4,525 ) (1,277 ) (143 ) (26 ) (11,670 ) Long-term indebtedness — — — (321,082 ) — — — — — — Non-current l |