ACQUISITIONS AND DISPOSITION OF ASSETS (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of allocated fair value of acquired assets and liabilities assumed

The following table summarizes the allocated fair value of acquired assets and assumed liabilities (in thousands):

Accounts receivable	$	14,536
Prepaid expenses and other current assets	699
Program contract costs	988
Property and equipment	27,295
Definite-lived intangible assets	161,936
Indefinite-lived intangible assets	425
Other assets	3,609
Accounts payable and accrued liabilities	(8,846		)
Program contracts payable	(988		)
Deferred tax liability	(66,158		)
Other long term liabilities	(12,265		)
Fair value of identifiable, net assets acquired	121,231
Goodwill	120,921
Total purchase price, net of cash acquired	$	242,152

Business Acquisition, Pro Forma Information

The following table sets forth unaudited pro forma results of operations, assuming that Bonten, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude the Other 2017 Acquisitions discussed above, as they are not material both individually and in the aggregate (in thousands, except per share data):

	Three Months Ended September 30, 2017		Nine Months Ended September 30, 2017
Total revenues	$	659,023	$	1,980,377
Net income	$	32,882	$	151,183
Net income attributable to Sinclair Broadcast Group	$	30,953	$	134,363
Basic earnings per share attributable to Sinclair Broadcast Group	$	0.30	$	1.35
Diluted earnings per share attributable to Sinclair Broadcast Group	$	0.30	$	1.34

Disposal Groups, Including Discontinued Operations

As of September 30, 2018, the major classes of assets and liabilities reported as held for sale on the accompanying consolidated balance sheets are shown below (in thousands):

Current assets	$	411
Property and equipment	5,052
Definite-lived intangible assets	127
Assets held for sale	$	5,590
Current liabilities	$	1,167
Non-current liabilities	2,916
Liabilities held for sale	$	4,083