Acquisition (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Summary of Initial Purchase Price Allocation for Company's Acquisition of Headway

The following is a summary of the initial purchase price allocation for the Company’s acquisition of Headway (unaudited; in millions):

Accounts receivable	$	18.9
Intangible assets subject to amortization		17.1
Goodwill		19.2
Current liabilities		(22.8)
Deferred Tax		(6.6)

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for each of the Company’s operating segments for the six-month period ended June 30, 2017 are as follows (in thousands):

		December 31,				June 30,
		2016		Acquisition		2017
Television	$	35,912	$	-	$	35,912
Digital		14,169		19,235		33,404
Consolidated	$	50,081	$	19,235	$	69,316

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information for the three- and six-month periods ended June 30, 2017 and 2016, has been prepared to give effect to the acquisition of Headway as if the acquisition had occurred on January 1, 2016. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had this acquisition occurred on such date, nor does it purport to predict the results of operations for future periods.

	Three-Month Period				Six-Month Period
	Ended June 30,				Ended June 30,
	2017		2016		2017		2016
Pro Forma:
Total revenue	$	70,509	$	64,829	$	128,019	$	122,942
Net income (loss)	$	3,499	$	5,717	$	6,113	$	7,987
Basic and diluted earnings per share:
Net income per share, basic and diluted	$	0.04	$	0.06	$	0.07	$	0.09
Weighted average common shares outstanding, basic		90,354,982		89,134,412		90,296,057		89,015,934
Weighted average common shares outstanding, diluted		92,033,111		91,140,596		91,897,150		91,036,353