ACQUISITIONS AND DISPOSALS (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations

As the Disposal represented the sale of an individually significant component, the Company has disclosed the loss before provision for income taxes attributable to Eat24 for the year ended December 31, 2017, 2016 and 2015 are as follows (in thousands):

	Year Ended December 31,
	2017			2016			2015
Loss before income taxes	$	(11,941	)	$	(4,873	)	$	(4,760	)

Business Acquisition, Pro Forma Information

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 transactions had taken place as of January 1, 2016 (in thousands, except per share data):

Nowait, Inc.

	Year Ended
	December 31,
	2017		2016
Net revenue	$	847,587	$	717,140
Net income (loss)	151,817		(12,141		)
Basic net income (loss) per share attributable to common stockholders	1.86		(0.16		)
Diluted net income (loss) per share attributable to common stockholders	1.74		(0.16		)

Turnstyle Analytics Inc.

	Year Ended
	December 31,
	2017		2016
Net revenue	$	847,172	$	714,132
Net income (loss)	152,713		(6,741		)
Basic net income (loss) per share attributable to common stockholders	1.87		(0.09		)
Diluted net income (loss) per share attributable to common stockholders	1.75		(0.09		)

Eat24, LLC

	Year Ended
	December 31,
	2017		2016
Net revenue	$	792,904	$	654,996
Net income	164,799		203
Basic net income per share attributable to common stockholders	2.02		—
Diluted net income per share attributable to common stockholders	1.89		—

Combined

	Year Ended
	December 31,
	2017		2016
Net revenue	$	794,037	$	660,130
Net income (loss)	163,611		(9,340		)
Basic net income (loss) per share attributable to common stockholders	2.00		(0.12		)
Diluted net income (loss) per share attributable to common stockholders	1.88		(0.12		)

Nowait, Inc

Business Acquisition [Line Items]

Schedule of Purchase Price, Assets Aquired 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

Schedule of Acquired Intangible Assets

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 Aquired 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

Schedule of Acquired Intangible Assets

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

Eat 24

Business Acquisition [Line Items]

Schedule of Purchase Price, Assets Aquired and Liabilities Assumed

The acquisition was accounted for as a business combination in accordance with ASC 805, with the results of Eat24’s operations included in the Company’s consolidated financial statements from February 9, 2015. The initial purchase price allocation was as follows (in thousands):

	February 9, 2015
Fair value of purchase consideration:
Cash:
Distributed to Eat24 stockholders	$	56,624
Held in escrow account	16,500
Payable on behalf of Eat24 stockholders	1,876
Total cash	75,000
Class A common stock:
Distributed to Eat24 stockholders	46,143
Held in escrow account	13,015
Total purchase consideration	$	134,158
Fair value of net assets acquired:
Cash and cash equivalents	$	1,578
Intangibles	39,600
Goodwill	110,927
Other assets	6,031
Total assets acquired	158,136
Deferred tax liability	(15,207		)
Other liabilities	(8,771		)
Total liabilities assumed	(23,978		)
Net assets acquired	$	134,158

Schedule of Acquired Intangible Assets

Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows:

Intangible Asset Type	Amount Assigned		Useful Life
Restaurant relationships	$	17,400	12.0 years
Developed technology	$	7,400	5.0 years
User relationships	$	12,000	7.0 years
Trade name	$	2,800	4.0 years
Weighted average			8.6 years