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ACQUISITION (Tables)
 6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Schedule of fair value of acquired assets
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the acquisition date and reflects purchase accounting adjustments subsequent to the acquisition date (in thousands):
 
Preliminary Valuation as of March 31, 2018
 
Measurement Period Adjustments
 
Preliminary Valuation as of June 30, 2018
Cash
$
2,857

 
$
(34
)
 
$
2,823

Prepaid expenses and other assets
1,683

 
544

 
2,227

Property, plant and equipment
14,885

 
—

 
14,885

Other long term assets
39

 
537

 
576

Intangible assets:
 
 
 
 
 
Noncompete agreements
4,000

 
—

 
4,000

Trade names
1,700

 
—

 
1,700

Technology
15,100

 
—

 
15,100

Customer relationships
34,100

 
—

 
34,100

Goodwill
67,868

 
(1,372
)
 
66,496

Total assets acquired
142,232

 
(325
)
 
141.907

Accounts payable and accrued liabilities
5,098

 
(224
)
 
4,874

Deferred revenue
1,600

 
(101
)
 
1,499

Long term liabilities
534

 
—

 
534

Net assets acquired
$
135,000

 
$
—

 
$
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. The pro forma results are as follows (in thousands except for per share amounts):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2018
 
2017
 
2018
 
2017
Revenues
 
$
81,962

 
$
81,792

 
$
164,288

 
$
165,999

Net loss
 
(13,900
)
 
(19,462
)
 
(29,134
)
 
(28,108
)
Basic and diluted net loss per share
 
(0.69
)
 
(0.98
)
 
(1.46
)
 
(1.56
)
Weighted average shares outstanding used in computing basic and diluted net loss per share
 
20,053

 
19,876

 
19,985

 
17,992