BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of purchase price allocation

During the quarter ended September 30, 2017, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Net working capital	$	921
Intangible assets	9,700
Goodwill	23,784
Deferred tax liabilities	(4,176		)
Noncontrolling interest	(637		)
Total purchase price	$	29,592

During the quarter ended March 31, 2017, the Company completed the determination of the final allocation of the purchase price with respect to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Accounts receivable	$	3,538
Total intangible assets with definite lives, net	55,400
Goodwill	52,450
Accounts payable and accrued liabilities	(7,638		)
Total purchase price	$	103,750

During the quarter ended September 30, 2017, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Intangible assets	$	9,600
Goodwill	19,389
Total purchase price	$	28,989

The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Net working capital and other assets	$	42
Fixed assets	146
Intangible assets	4,100
Goodwill	13,928
Total preliminary purchase price	$	18,216

Schedule of the fair value of definite lived intangible assets acquired

The fair value of the intangible assets with definite lives are as follows (dollars in thousands):

	Preliminary Fair Value		Weighted Average Amortization Life
Technology	$	400	3 years
Customer lists	3,100		10 years
Trade name and trademarks	600		5 years
Total intangible assets	$	4,100	8.6 years

The fair value of the intangible assets with definite lives are as follows (dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Technology	$	8,600	5 years
Customer lists	600		8 years
Trade name and trademarks	400		4 years
Total intangible assets	$	9,600	5.2 years

The fair value of the intangible assets with definite lives are as follows (dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Technology	$	200	3 years
Customer lists	1,100		9 years
Trade name and trademarks	600		4 years
Content	7,800		3 years
Total intangible assets	$	9,700	3.7 years

Unaudited pro forma revenue and net income from continuing operations of business acquisitions

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2017		2016		2017		2016
	(in thousands)
Pro forma revenue	$	172,400	$	118,219	$	465,624	$	347,442
Pro forma net income from continuing operations	$	10,043	$	8,776	$	26,072	$	23,556