ACQUISITIONS, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2018

Estimated Fair Values of Assets Acquired and Liabilities Assumed

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



Purchase Price	Fair Value
Cash paid, net of cash acquired	$	11,769
Allocation
Intangibles	$	7,400
Goodwill	7,360
Other assets acquired	3
Other liabilities assumed	(179		)
Total net assets, net of cash acquired	14,584
Less: noncontrolling interest	(2,815		)
Total net assets attributable to tZERO, net of cash acquired	$	11,769

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



Purchase Price	Fair Value
Cash paid, net of cash acquired	$	1,143
Allocation
Accounts receivable, net	$	399
Inventories, net	1,772
Prepaids and other current assets	29
Fixed assets	154
Intangibles	2,763
Accounts payable	(682		)
Accrued liabilities	(223		)
Long-term debt, net	(3,069		)
Total net assets, net of cash acquired	$	1,143

Intangible Assets Acquired and Useful Lives

The following table details the identifiable intangible assets acquired at their fair value and remaining useful lives as of June 30, 2018 (amounts in thousands):



Intangible Assets	Fair Value			Estimated Useful Life (in years)
Technology and developed software	$	6,300		10
Trade name	700			10
Customer relationships	400			0.5
Total acquired intangible assets at the acquisition date	7,400
Less: accumulated amortization of acquired intangible assets	(313		)
Total acquired intangible assets, net	$	7,087

Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents our results as if the current year acquisitions of Mac Warehouse, LLC had occurred at the beginning of 2017 (amounts in thousands):



	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Total revenue	$	485,152		$	435,987		$	932,537		$	872,056
Consolidated net loss	$	(67,218	)	$	(7,514	)	$	(122,336	)	$	(13,694	)