Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

Fair values of assets acquired and liabilities assumed

The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the Acquisition Date, which were allocated based on information available at the Acquisition Date.

(in thousands)
Balance Sheet Classification	Fair Value at July 1, 2015
Cash consideration transferred	$	652,365
Recognized amounts of identifiable assets acquired and liabilities assumed:
Assets acquired:
Cash and cash equivalents		105,714
Restricted cash		7,342
Accounts receivable		110,387
Other current assets		21,592
Investments		354,719
Property and equipment		92,133
Programs and program licenses		79,211
Intangible assets		760,636
Liabilities assumed:
Accounts payable		(28,941	)
Program rights payable (current portion)		(19,395	)
Deferred revenue		(2,132	)
Employee compensation and benefits		(27,896	)
Other accrued liabilities		(64,767	)
2018 TVN Notes		(128,577	)
2020 TVN Notes		(528,205	)
2021 PIK Notes		(409,549	)
Term Loan		(18,178	)
Deferred income taxes		(23,651	)
Program rights payable (less current portion)		(3,492	)
Other non-current liabilities		(5,624	)
Non-controlling interest		(858,530	)
Goodwill		1,239,568
Net Assets acquired	$	652,365

Fair value of identifiable intangible assets

The following table represents the fair value of identifiable intangible assets and their assumed estimated useful lives.

(in thousands) Intangible Asset Category	Type	Weighted Average Life in Years	Fair Value at July 1, 2015
Copyrights and other tradenames	Amortizable	23	$	333,912
Broadcast licenses	Amortizable	25		128,017
Advertiser lists	Amortizable	7		106,681
Customer lists	Amortizable	15		26,670
Acquired network distribution rights and other	Amortizable	20		165,356
			$	760,636

Pro forma results

(in thousands)	Three months ended		Six months ended
Pro Forma Results (unaudited)	June 30, 2015		June 30, 2015
Pro forma revenues	$	852,626	$	1,608,469
Pro forma net income attributable to SNI	$	155,826	$	295,361
Pro forma net income attributable to SNI shareholders per share of common stock:
Basic	$	1.21	$	2.27
Diluted	$	1.20	$	2.26
Weighted average shares outstanding:
Basic		129,225		130,237
Diluted		129,868		130,898