Acquisitions In fiscal 2016, the Company completed the acquisitions of eight collection companies. Consideration transferred amounted to approximately $5.4 for these acquisitions, of which $0.1 will be paid in subsequent years. The Company recorded a reduction to the purchase price of prior year acquisitions during fiscal 2016 in the amount of $0.1 . The goodwill recognized of $0.4 represents synergies from the combined operations of the acquired entities and the Company. The Company is still reviewing information surrounding property and equipment, intangible assets and current liabilities resulting from the acquisitions, which may result in changes to the Companys preliminary purchase price allocation during fiscal 2017. Transaction costs related to these acquisitions were not significant for fiscal 2016. In fiscal 2015, the Company completed the acquisitions of twelve collection companies. Consideration transferred amounted to approximately $56.3 for these acquisitions, of which $6.6 was or will be paid in years subsequent to fiscal 2015. Transaction costs related to these acquisitions were not significant for fiscal 2015. Purchase price adjustments related to acquisitions in prior years amounted to approximately $0.3 for fiscal 2015. In fiscal 2014, the Company completed the acquisitions of eight collection companies. Consideration transferred amounted to approximately $8.6 for these acquisitions, of which $0.8 was paid in fiscal 2015. Transaction costs related to these acquisitions were not significant for fiscal 2014. Purchase price adjustments related to acquisitions in prior years amounted to approximately $2.1 for fiscal 2014. The results of operations of each acquisition are included in the consolidated statements of operations of the Company subsequent to the closing date of each acquisition. The following table summarizes the estimated fair values of the assets acquired by year of acquisition: 2016 2015 Current assets $ 0.3 $ 2.8 Property and equipment 2.3 20.4 Goodwill 0.4 12.0 Other intangible asse