ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

The unaudited pro forma financial information, as presented below, is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the combinations had taken place as of January 1, 2016 (in thousands, except per share data):

Nowait, Inc.



	Pro Forma
	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net revenue	$	222,380	$	187,334	$	629,341	$	521,442
Net income (loss)	7,947		588		9,682		(18,824		)
Basic net income (loss) per share attributable to common stockholders	0.10		0.01		0.12		(0.25		)
Diluted net income (loss) per share attributable to common stockholders	0.09		0.01		0.11		(0.25		)

Turnstyle Analytics Inc.



	Pro Forma
	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net revenue	$	222,380	$	186,539	$	628,894	$	519,031
Net income (loss)	7,947		1,560		10,578		(14,377		)
Basic net income (loss) per share attributable to common stockholders	0.10		0.02		0.13		(0.19		)
Diluted net income (loss) per share attributable to common stockholders	0.09		0.02		0.12		(0.19		)

Combined



	Pro Forma
	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net revenue	$	222,380	$	187,641	$	629,668	$	522,199
Net income (loss)	7,947		78		9,536		(20,268		)
Basic net income (loss) per share attributable to common stockholders	0.10		—		0.12		(0.26		)
Diluted net income (loss) per share attributable to common stockholders	0.09		—		0.11		(0.26		)

Nowait, Inc

Business Acquisition [Line Items]

Schedule of Purchase Price, Assets Acquired and Liabilities Assumed

The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands):



	February 28, 2017
Fair value of purchase consideration
Cash:
Distributed to Nowait stockholders	$	31,892
Held in escrow account	7,945
Total purchase consideration	39,837
Fair value of net assets acquired:
Cash and cash equivalents	$	1,004
Intangible assets	12,670
Goodwill	25,959
Other assets	1,065
Total assets acquired	40,698
Liabilities assumed	(861		)
Total liabilities assumed	(861		)
Net assets acquired	$	39,837

Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows (dollars in thousands):



Intangible Asset Type	Amount Assigned		Useful Life
Enterprise restaurant relationships	$	8,500	12.0 years
Acquired technology	2,900		5.0 years
Trademarks	610		3.0 years
Local restaurant relationships	600		5.0 years
User relationships	60		3.0 years
Weighted average			9.6 years

Turnstyle Analytics Inc

Business Acquisition [Line Items]

Schedule of Purchase Price, Assets Acquired and Liabilities Assumed

The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands):



	April 3, 2017
Fair value of purchase consideration
Cash:
Distributed to Turnstyle stockholders	$	16,648
Held in escrow account	3,093
Total purchase consideration	$	19,741
Fair value of net assets acquired:
Cash and cash equivalents	$	30
Intangible assets	4,252
Goodwill	16,048
Other assets	250
Total assets acquired	20,580
Deferred tax liability	(450		)
Liabilities assumed	(389		)
Total liabilities assumed	(839		)
Net assets acquired	$	19,741

Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows (dollars in thousands):



Intangible Asset Type	Amount Assigned		Useful Life
Acquired technology	$	3,250	5.0 years
Business relationships	672		5.0 years
Trademarks	250		3.0 years
User relationships	80		3.0 years
Weighted average			4.9 years