Acquisitions (Tables) - Smadex

9 Months Ended

Sep. 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	$	0.9
Other current assets		0.4
Intangible assets subject to amortization		2.0
Goodwill		3.6
Current liabilities		(2.8	)
Long-term liabilities		(0.2	)
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 nine-month period ended September 30, 2018 are as follows (in thousands):

		December 31,				September 30,
		2017		Acquisition		2018
Television	$	40,549	$	-	$	40,549
Digital		30,008		3,592		33,600
Consolidated	$	70,557	$	3,592	$	74,149

Schedule of Unaudited Pro Forma Information

The following unaudited pro-forma information for the three- and nine-month periods ended September 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				Nine-Month Period
	Ended September 30,				Ended September 30,
	2018		2017		2018		2017
Pro-Forma:
Total revenue	$	74,575	$	336,503	$	219,400	$	467,050
Net income (loss)	$	2,215	$	157,428	$	5,841	$	163,540
Basic and diluted earnings per share:
Net income per share, basic	$	0.02	$	1.74	$	0.07	$	1.81
Net income per share, diluted	$	0.02	$	1.71	$	0.06	$	1.78
Weighted average common shares outstanding, basic		88,852,342		90,517,492		89,371,750		90,370,679
Weighted average common shares outstanding, diluted		90,122,425		92,161,108		90,574,663		91,985,946