BUSINESS ACQUISITION (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of purchase price allocation

The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Intangible assets	$	9,600
Goodwill	19,389
Total preliminary purchase price	$	28,989

The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Net working capital	$	821
Intangible assets	9,700
Goodwill	23,848
Deferred tax liabilities	(4,163		)
Noncontrolling interest	(651		)
Total preliminary purchase price	$	29,555

During the quarter ended March 31, 2017, the Company completed the determination of the final allocation of the purchase price with respect to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Accounts receivable	$	3,538
Total intangible assets with definite lives, net	55,400
Goodwill	52,450
Accounts payable and accrued liabilities	(7,638		)
Total purchase price	$	103,750

Schedule of the fair value of definite lived intangible assets acquired

The fair value of the intangible assets with definite lives are as follows (dollars in thousands):

	Preliminary Fair Value		Weighted Average Amortization Life
Technology	$	200	3 years
Customer lists	1,100		9 years
Trade name and trademarks	600		4 years
Content	7,800		3 years
Total intangible assets	$	9,700

The fair value of the intangible assets with definite lives are as follows (dollars in thousands):

	Preliminary Fair Value		Weighted Average Amortization Life
Technology	$	8,600	5 years
Customer Lists	600		8 years
Trade name and trademarks	400		4 years
Total intangible assets	$	9,600

Unaudited pro forma revenue and net income from continuing operations of business acquisitions

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2017		2016		2017		2016
	(in thousands)
Pro forma revenue	$	155,220	$	114,199	$	290,270	$	226,677
Pro forma net income from continuing operations	$	8,457	$	9,940	$	16,387	$	14,452