ACQUISITIONS, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Estimated Fair Values of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed at the acquisition dates are as follows (in thousands):



Purchase Price	Fair Value
Cash paid, net of cash acquired	$	9,353
Common stock issued	18,149
	$	27,502
Allocation
Goodwill	$	11,914
Intangibles	16,000
Accounts receivable and other assets	2,565
Other liabilities assumed	(2,977		)
	$	27,502

Intangible Assets Acquired and Useful Lives

The following table details the identifiable intangible assets acquired at their fair value and remaining useful lives (amounts in thousands):



Intangible Assets	Fair Value			Weighted Average Useful Life (years)
Technology and developed software	$	13,600		4.51
Customer relationships	1,900			—
Trade names	300			7.76
Other	200
Total acquired intangible assets as of the acquisition date	16,000
Less: accumulated amortization of acquired intangible assets	(5,383		)
Total acquired intangible assets, net as of December 31, 2016	$	10,617

Business Acquisition, Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents our results as if the acquisitions had occurred at the beginning of 2014 (amounts in thousands):



	Year Ended December 31,
	2016		2015		2014
Net revenues	$	1,801,139	$	1,661,540	$	1,499,944
Operating income	$	7,142	$	640	$	10,185