BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Purchase Price

The table below summarizes the purchase price:

	Angie's List
	(In thousands)
Class A common stock	$	763,684
Cash consideration for holders who elected to receive $8.50 in cash per share of Angie's List common stock	1,913
Fair value of vested and pro rata portion of unvested stock options attributable to pre-combination services	11,749
Fair value of the pro rata portion of unvested restricted stock units attributable to pre-combination services	4,038
Total purchase price	$	781,384

A summary of the costs incurred, payments made and the related accrual is presented below.

	Years Ended December 31,
	2018		2017
	(In thousands)
Transaction and integration related costs	$	3,584	$	44,101
Stock-based compensation expense	70,645		122,066
Total	$	74,229	$	166,167

	December 31,
	2018			2017
	(In thousands)
Accrual as of January 1	$	8,480		$	—
Costs incurred	3,584			44,101
Payments made	(12,064		)	(35,621		)
Accrual as of December 31	$	—		$	8,480

The costs are allocated as follows in the accompanying consolidated statement of operations:

	Year Ended December 31, 2018
	Integration Related Costs		Stock-based Compensation Expense		Total
	(In thousands)
Cost of revenue	$	—	$	—	$	—
Selling and marketing expense	—		2,161		2,161
General and administrative expense	3,584		61,010		64,594
Product development expense	—		7,474		7,474
Total	$	3,584	$	70,645	$	74,229

	Year Ended December 31, 2017
	Transaction and Integration Related Costs		Stock-based Compensation Expense		Total
	(In thousands)
Cost of revenue	$	—	$	—	$	—
Selling and marketing expense	7,430		24,416		31,846
General and administrative expense	36,120		83,420		119,540
Product development expense	551		14,230		14,781
Total	$	44,101	$	122,066	$	166,167

Schedule of Preliminary Estimated Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of combination:

	Angie's List
	(In thousands)
Cash and cash equivalents	$	44,270
Other current assets	11,280
Property and equipment	16,341
Goodwill	543,674
Intangible assets	317,300
Total assets	932,865
Deferred revenue	(32,595		)
Other current liabilities	(46,150		)
Long-term debt—related party	(61,498		)
Deferred income taxes	(9,833		)
Other long-term liabilities	(1,405		)
Net assets acquired	$	781,384

Schedule of Preliminary Estimated Fair Value of Intangible Assets Acquired

The fair values of the identifiable intangible assets acquired at the date of combination are as follows:

	Angie's List
	(In thousands)		Weighted-Average Useful Life (Years)
Indefinite-lived trade name and trademarks	$	137,000	Indefinite
Service professionals	90,500		3
Developed technology	63,900		6
Memberships	15,900		3
User base	10,000		1
Total identifiable intangible assets acquired	$	317,300

Schedule of Pro Forma Financial Information

	Years Ended December 31,
	2017		2016
	(In thousands, except per share data)
Revenue	$	3,529,600	$	3,429,105
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	$	364,496	$	(143,133	)
Basic earnings (loss) per share attributable to ANGI Homeservices Inc. shareholders	$	4.55	$	(1.79	)
Diluted earnings (loss) per share attributable to ANGI Homeservices Inc. shareholders	$	4.27	$	(1.79	)