ACQUISITIONS

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

ACQUISITIONS

During the nine months ended September 30, 2014, the Company completed four business combinations, as follows:

	Date of	Fair Value of
Business Acquired	Acquisition	Consideration
Vapestick	January 9, 2014	$	54,779
FIN	February 28, 2014		133,600
VIP	April 22, 2014		51,922
Global E-Commerce (“GEC”) (1)	July 16, 2014		23,675
Total fair value of consideration		$	263,976

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⁽¹⁾ In July 2014, the Company completed the acquisition of its GEC division from Hardwire Interactive Inc. (“Hardwire”).

The results of operations for these business combinations are included in the accompanying consolidated statements of operations beginning on the respective closing date for each acquisition. The following operating results related to these acquisitions are included in the Company’s consolidated results of operations for the three months and nine months ended September 30, 2014:

	Three Months					Nine Months
Reporting Unit	Net Sales		Net Loss			Net Sales		Net Loss
Vapestick	$	1,587	$	(323	)	$	4,825	$	(1,947	)
FIN		3,955		(4,925	)		8,555		(20,326	)
VIP		7,966		3,337			14,777		(253	)
GEC		2,206		(51	)		2,206		(51	)
Totals	$	15,714	$	(1,962	)	$	30,363	$	(22,577	)

The pro forma financial information set forth below reflects adjustments to the historical data of the Company to give effect to each of these acquisitions and the related financing activities as if each had occurred on January 1, 2014. The pro forma information presented below does not purport to represent what the actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations. The following table summarizes on an unaudited pro forma basis the Company’s results of operations for the three and nine months ended September 30, 2014:

	Three		Nine
	Months		Months
Net sales	$	15,902	$	46,380
Net income (loss)	$	67,761	$	(19,980	)