XML 51 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Line of Business and Recent Acquisition (Tables)
 6 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Summary of Business Acquistion
A summary of the fair value of consideration transferred for the Acquisition and the estimated fair value of the assets and liabilities at the date of acquisition is as follows (amounts in thousands):
Consideration transferred:

Shares of Viggle common stock and restricted stock units based on closing market price prior to the Acquisition
$
31,554

Payable to sellers (a)
1,619

Contingent consideration (b)
6,100

Total consideration transferred
39,273

 
 
Preliminary allocation:
 
Goodwill
24,836

Intangible assets
17,984

Other assets
1,723

Total liabilities, including acquired accrued expenses
(5,270
)
 
$
39,273
Summary of Unaudited Proforma Condensed Financial Results
The following unaudited pro forma condensed consolidated financial results of operations for the three and six months ended December 31, 2013 and 2012 are presented as if the acquisition had been completed at the beginning of fiscal year 2013:

  

Three Months Ended December 31,
 
Six Months Ended December 31,
 
2013
2012
 
2013
2012
Revenues
$
6,488

$
5,611

 
$
12,498

$
9,414

Operating loss
(12,978
)
(13,981
)
 
(37,379
)
(36,944
)
Net loss
(13,775
)
(13,534
)
 
(38,863
)
(34,088
)
Net loss per common share - basic and diluted
$
(0.12
)
$
(0.11
)
 
$
(0.31
)
$
(0.28
)