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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2019
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information is based on (i) the historical financial statements of AMC Networks, (ii) the historical financial statements of RLJE and (iii) the historical financial statements of Levity and is intended to provide information about how the acquisitions may have affected the Company's historical consolidated financial statements if they had occurred as of January 1, 2017. The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired. The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.
(In thousands, except per share data)Pro forma Financial Information for the Year Ended December 31,
20182017
Revenues, net$3,087  $3,033  
Income from operations, net of income taxes$426  $459  
Net income per share, basic$7.34  $7.06  
Net income per share, diluted$7.23  $6.99  
RLJE [Member]  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed as of October 1, 2018, the date the Company obtained a controlling interest (in thousands).
Fair value of consideration transferred$41,513  
Fair value of previously held interest130,890  
Fair value of redeemable noncontrolling interest103,359  
$275,762  
Allocation to net assets acquired:
Cash3,360  
Accounts receivable16,316  
Prepaid expenses and other current assets963  
Programming rights69,775  
Property and equipment2,841  
Other assets (equity method investments)38,800  
Intangible assets126,600  
Accounts payable(12,008) 
Accrued liabilities(42,935) 
Debt(25,187) 
178,525  
Goodwill97,237  
$275,762  
Levity [Member]  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands).
Cash paid for controlling interest$48,350  
Redeemable noncontrolling interest30,573  
$78,923  
Allocation to net assets acquired:
Cash13,471  
Other current assets17,251  
Property and equipment20,663  
Intangible assets46,413  
Other noncurrent assets3,306  
Current liabilities(23,647) 
Noncurrent liabilities(21,394) 
Noncontrolling interests acquired(1,354) 
Fair value of net assets acquired54,709  
Goodwill24,214  
$78,923