BUSINESS ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of purchase price allocation

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

	Preliminary Fair Value
Net working capital	$	323
Fixed assets	76
Intangible assets	8,900
Goodwill	11,260
Net deferred tax liabilities	(2,688		)
Total purchase price	$	17,871

The acquisition has been accounted for as a business combination. The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Net working capital	$	2,820
Fixed assets	68
Intangible assets	31,600
Goodwill	71,422
Net noncurrent assets	322
Total preliminary purchase price	$	106,232

The acquisition has been accounted for as a business combination. The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Net working capital	$	8,383
Fixed assets	1,509
Intangible assets	120,400
Goodwill	183,046
Other noncurrent assets	17
Total preliminary purchase price	$	313,355

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):

	Fair Value		Weighted Average Amortization Life
Technology	$	6,000	7 years
Customer lists	1,900		1 year
Trademarks and tradenames	1,000		4 years
Total intangible assets	$	8,900	5.4 years

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

	Preliminary Fair Value		Weighted Average Amortization Life
Technology	$	68,900	4 years
Customer lists	42,700		14.7 years
Content	1,000		3 years
Trademarks and tradenames	7,800		5 years
Total intangible assets	$	120,400	7.9 years

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

	Preliminary Fair Value		Weighted Average Amortization Life
Technology	$	4,200	3 years
Content	26,100		3 years
Trademarks and tradenames	1,300		5 years
Total intangible assets	$	31,600	3.1 years

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

	Three Months Ended March 31, 2018
	(in thousands)
Pro forma revenue	$	218,757
Pro forma net income from continuing operations	$	35,600

	Three Months Ended March 31,
	2019		2018
	(in thousands)
Pro forma revenue	$	262,905	$	229,884
Pro forma net income from continuing operations	$	241	$	35,616