Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of Changes in Redeemable Noncontrolling Interests

The table below presents the reconciliation of changes in redeemable noncontrolling interests (unaudited; in thousands):


	Three-Month Period Ended March 31,
	2021		2020
Beginning balance	$	33,285	$	-
Net income (loss) attributable to redeemable noncontrolling interest		1,573		-
Ending balance	$	34,858	$	-

Summary of Purchase Price Allocation

The following is a summary of the purchase price allocation (unaudited; in millions):

Cash	$	8.7
Accounts receivable		50.5
Other assets		6.2
Intangible assets subject to amortization		41.7
Goodwill		12.3
Current liabilities		(48.1	)
Deferred tax		(10.6	)
Redeemable noncontrolling interest		(30.8	)

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information for the three-month periods ended March 31, 2020 has been prepared to give effect to the Company’s acquisition of a majority interest in Cisneros Interactive as if the acquisition had occurred on January 1, 2020. 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.


		Three-Month Period Ended March 31, 2020
Pro Forma:
Total revenue	$	104,468
Net income (loss)		(34,348	)
Net income (loss) attributable to redeemable noncontrolling interest		(610	)
Net income (loss) attributable to common stockholders	$	(34,958	)

Basic and diluted earnings per share:
Net income (loss) per share, attributable to common stockholders, basic and diluted	$	(0.41	)

Weighted average common shares outstanding, basic and diluted		84,317,767