VARIABLE INTEREST ENTITY (Notes)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

VARIABLE INTEREST ENTITY

4. VARIABLE INTEREST ENTITY

As of December 31, 2016, the Company consolidated its 100% owned WSJ subsidiary which is a variable interest entity (“VIE”). WSJ’s classification as a VIE is due to another party having the potential right to receive WSJ’s residual returns. The Company is the primary beneficiary because it has the power to direct the activities that most significantly impact WSJ’s economic performance. Accordingly, the Company consolidated the operating results, assets and liabilities of WSJ. See Note 3 - Acquisitions and Note 10 - Debt And Lines Of Credit to the consolidated financial statements.

The following table presents the carrying amounts, after eliminating the effect of intercompany transactions, included in the Consolidated Balance Sheet that are for the use of or are the obligation of WSJ (in thousands):

	December 31, 2016
Assets	$	268,910
Liabilities	(243,884		)
Net carrying amount	$	25,026