ACQUISITIONS AND DISPOSITIONS OF ASSETS (Tables)

12 Months Ended

Dec. 31, 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

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

Accounts receivable	$	17,629
Prepaid expenses and other current assets	6,518
Property and equipment	5,964
Definite-lived intangible assets	272,686
Indefinite-lived intangible assets	23,400
Other assets	619
Accounts payable and accrued liabilities	(7,414		)
Capital leases	(115		)
Deferred tax liability	(16,991		)
Other long term liabilities	(1,669		)
Fair value of identifiable net assets acquired	300,627
Goodwill	53,427
Total purchase price, net of cash acquired	$	354,054

Schedule of acquired operations included in the financial statements

 

Financial Results of Acquisitions

The following tables summarize the results of the net media revenues and operating income (loss) included in the financial statements of the Company beginning on the acquisition date of each acquisition as listed below (in thousands):

Revenues	2018		2017		2016
Bonten	$	100,971	$	30,907	$	—
Tennis Channel	143,047		132,584		84,040
Other acquisitions in:
2017	17,979		11,108		—
2016	81,003		66,698		49,186
Total net media revenues	$	343,000	$	241,297	$	133,226

Operating Income (Loss)	2018			2017			2016
Bonten	$	21,479		$	7,448		$	—
Tennis Channel	14,887			19,420			(1,990		)
Other acquisitions in:
2017	(2,035		)	(89		)	—
2016	25,523			18,392			18,311
Total operating income	$	59,854		$	45,171		$	16,321

Schedule of unaudited pro forma results of operations

The following table sets forth unaudited pro forma results of operations, assuming that Bonten and Tennis Channel along with transactions necessary to finance the acquisition, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude the acquisitions presented under Other 2017 Acquisitions and Other 2016 Acquisitions above, as they are not material both individually and in the aggregate (in thousands, except per data share): 

	Unaudited
	2017		2016
Total revenues	$	2,692,890	$	2,720,735
Net Income	$	597,054	$	252,902
Net Income attributable to Sinclair Broadcast Group	$	578,963	$	247,441
Basic earnings per share attributable to Sinclair Broadcast Group	$	5.80	$	2.64
Diluted earnings per share attributable to Sinclair Broadcast Group	$	5.74	$	2.62