XML 45 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table provides the allocation of the total purchase price of $9,958,323 to the identifiable tangible and intangible assets and liabilities of Cablevision based on their respective fair values. The remaining useful lives represent the period over which acquired tangible and intangible assets with a finite life are being depreciated or amortized.
 
Fair Values
 
Estimated Useful Lives
 
 
 
 
Current assets
$
1,923,071

 
 
Accounts receivable
271,305

 
 
Property, plant and equipment
4,864,621

 
2-18 years
Goodwill
5,842,172

 
 
Indefinite-lived cable television franchises
8,113,575

 
Indefinite-lived
Customer relationships
4,850,000

 
8 to 18 years
Trade names (a)
1,010,000

 
12 years
Amortizable intangible assets
23,296

 
1-15 years
Other non-current assets
748,998

 
 
Current liabilities
(2,311,201
)
 
 
Long-term debt
(8,355,386
)
 
 
Deferred income taxes.
(6,832,773
)
 
 
Other non-current liabilities
(189,355
)
 
 
Total
$
9,958,323

 
 
 
(a)
See Note 8 for additional information regarding a change in the remaining estimated useful lives of the Company's trade names.
Business Acquisition, Pro Forma Information
The following table presents the unaudited pro forma revenue and net loss for the period presented as if the Cablevision Acquisition had occurred on January 1, 2016:
 
Year Ended December 31, 2016
Revenue
$
9,154,816

Net loss
$
(721,257
)