Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

The following is a summary of the purchase price allocation for our acquisition of Headway (in millions):

Accounts receivable	$	19.8
Intangible assets subject to amortization		15.9
Goodwill		15.9
Current liabilities		(19.7	)
Deferred tax		(4.0	)

Summary of Intangible Assets Subject to Amortization Acquired

Intangibles assets subject to amortization acquired includes:

Intangible Asset		Estimated Fair Value (in millions)	Weighted average life (in years)
Existing technology	$	1.0	2.0
Publisher relationships		5.0	3.0
Advertiser relationships		4.8	5.0
MediaMath agreement		2.1	9.0
Non-Compete agreements		1.1	4.0
Trade name		1.9	5.0

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information for the years ended December 31, 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 any future periods.

	Years Ended
	Ended December 31,
	2017		2016
Pro Forma:
Total revenue	$	545,592	$	288,710
Net income (loss)	$	176,733	$	20,282

Basic and diluted earnings per share:
Net income per share, basic	$	1.95	$	0.23
Net income per share, diluted	$	1.92	$	0.22

Weighted average common shares outstanding, basic		90,272,257		89,340,589
Weighted average common shares outstanding, diluted		91,891,957		91,303,056

KMIR-TV and KPSE-LD

Summary of Purchase Price Allocation

The following is a summary of the purchase price allocation for the acquisition of television stations KMIR-TV and KPSE-LD (in millions):

Property and equipment	$	2.9
Intangible assets subject to amortization		3.6
Goodwill		4.6
FCC licenses		9.9

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information for the years ended December 31, 2017 and 2016 has been prepared to give effect to the acquisition of television stations KMIR-TV and KPSE-LD 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 any future periods.

	Years Ended
	Ended December 31,
	2017		2016
Pro Forma:
Total revenue	$	543,355	$	267,614
Net income (loss)	$	176,894	$	21,574

Basic and diluted earnings per share:
Net income per share, basic	$	1.96	$	0.24
Net income per share, diluted	$	1.92	$	0.24

Weighted average common shares outstanding, basic		90,272,257		89,340,589
Weighted average common shares outstanding, diluted		91,891,957		91,303,056