ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of fair value of acquired assets

The Company determined the preliminary fair value of the net assets acquired as follows (in thousands):



	Purchase price allocation
Cash	$	2,857
Prepaid expenses and other assets	1,683
Property, plant and equipment	14,885
Other long term assets	39
Intangible assets:			Weighted Average
Noncompete Agreements	4,000		4 years
Trade name	1,700		8 years
Technology	15,100		7 years
Customer relationship	34,100		10 years
Goodwill	67,868
Total assets acquired	142,232
Accounts payable and accrued liabilities	5,098
Deferred revenue	1,600
Long term liabilities	534
Net assets acquired	$	135,000

Summary of unaudited pro forma financial information

The following unaudited pro forma financial information presents the combined results of operations of INAP and SingleHop as if the acquisition had occurred on January 1, 2017. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations that would have been reported had the INAP and SingleHop acquisition been completed as of January 1, 2017, and should not be taken as indicative of our future consolidated results of operations.



	Three months ended March 31, 2018 (in thousands except per share amounts)			Three months ended March 31, 2017 (in thousands except per share amounts)

Revenues	$	82,172		$	81,728
Net loss	$	(15,667	)	$	(17,739	)
Basic and diluted net loss per share	$	(0.78	)	$	(0.89	)
Weighted average shares outstanding used in computing basic and diluted net loss per share	20,052			19,877