Acquisitions (Tables) - Smadex

6 Months Ended

Jun. 30, 2018

Summary of Initial Purchase Price Allocation

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

Accounts receivable	$	1.0
Other current assets		0.2
Intangible assets subject to amortization		2.0
Goodwill		3.0
Current liabilities		(1.8	)
Long-term liabilities		(0.4	)
Deferred Tax		(0.4	)

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, 2018 are as follows (in thousands):

		December 31,				June 30,
		2017		Acquisition		2018
Television	$	40,549	$	-	$	40,549
Digital		30,008		3,009		33,017
Consolidated	$	70,557	$	3,009	$	73,566

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information for the three- and six-month periods ended June 30, 2018 and 2017, has been prepared to give effect to the acquisition of Smadex as if the acquisition had occurred on January 1, 2017.  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,
	2018		2017		2018		2017
Pro Forma:
Total revenue	$	76,213	$	71,787	$	145,085	$	130,314
Net income (loss)	$	5,234	$	3,538	$	3,320	$	6,112
Basic and diluted earnings per share:
Net income per share, basic and diluted	$	0.06	$	0.04	$	0.04	$	0.07
Weighted average common shares outstanding, basic		88,959,935		90,354,982		89,635,759		90,296,057
Weighted average common shares outstanding, diluted		90,021,949		92,033,111		90,805,086		91,897,150