BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of purchase price allocation

The acquisition has been accounted for as a business combination. The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows (in thousands):

	Preliminary Fair Value
Net working capital	$	5,159
Intangible assets	19,900
Goodwill	41,682
Net deferred tax liabilities	(6,323		)
Total preliminary purchase price	$	60,418

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

	Preliminary Fair Value
Net working capital	$	323
Fixed assets	76
Intangible assets	8,900
Goodwill	11,280
Net deferred tax liabilities	(2,708		)
Total purchase price	$	17,871

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):

	Fair Value		Weighted Average Amortization Life
Technology	$	6,000	7 years
Customer lists	1,900		1 year
Trademarks and tradenames	1,000		4 years
Total intangible assets	$	8,900	5.4 years

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

	Preliminary Fair Value		Weighted Average Amortization Life
Content	$	16,400	3 years
Customer lists	2,500		10 years
Trademarks and tradenames	1,000		5 years
Total intangible assets	$	19,900	4.0 years

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(in thousands)
Pro forma revenue	$	198,216	$	177,670	$	578,608	$	479,775
Pro forma net income from continuing operations	$	28,271	$	9,041	$	110,308	$	22,522