XML 27 R13.htm IDEA: XBRL DOCUMENT v3.19.1
BUSINESS COMBINATION
3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
BUSINESS COMBINATION BUSINESS COMBINATION
On October 19, 2018, the Company acquired 100% of Handy Technologies, Inc. ("Handy"), a leading platform in the United States for connecting individuals looking for household services. The Company's purchase accounting is not yet complete, including the determination of purchase price, the value of the indemnified liabilities and related assets and the allocation of purchase price to the fair value of assets acquired and liabilities assumed. There were no material adjustments recorded during the first quarter of 2019 related to purchase accounting and the preliminary values are not expected to be finalized until the fourth quarter of 2019.
Unaudited pro forma financial information
The unaudited pro forma financial information in the table below presents the combined results of the Company and Handy as if this acquisition had occurred on January 1, 2017. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisition actually occurred on January 1, 2017.
 
Three Months Ended March 31, 2018
 
(In thousands, except per share data)
Revenue
$
261,904

Net loss attributable to ANGI Homeservices Inc. shareholders
$
(10,723
)
Basic loss per share attributable to ANGI Homeservices Inc. shareholders
$
(0.02
)
Diluted loss per share attributable to ANGI Homeservices Inc. shareholders
$
(0.02
)