Investment In Partnerships

3 Months Ended

Mar. 31, 2018

Investment In Partnerships [Abstract]

8. Investment in Partnerships

Investment in partnerships consisted of the following:


		March 31,		December 31,
		2018		2017
Investment in Soundperience	$	1,196	$	842
Investment in Signison		482		498
Other		253		276
Total	$	1,931	$	1,616

As of March 31, 2018, the Company held a 49% ownership interest in Soundperience. In January 2018, the Company acquired an additional 33% stake in Soundperience. Soundperience is accounted for in the Company’s financial statements using the equity method as of January 31, 2018. Prior to this time period the investment was accounted for under the cost method.

The Company’s investment in Soundperience exceeded the underlying interest in net equity of the Company. As a result, the Company assigned the excess investment to related intangible assets, and includes the amortization of those intangibles within the equity in the income (losses) of Soundperience, which are included in other income (expenses) in the consolidated statements of operations. Soundperience’s income (loss) in earnings is immaterial for the periods presented. The Company is finalizing the impact of Soundperience and the investment in the second quarter of 2018.

The Company has a 50% stake in Signison as of March 31, 2018. Signison is accounted for in the Company’s financial statements using the equity method.