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Note 4 - NewWave Acquisition | 3 Months Ended
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Mar. 31, 2018
Notes to Financial Statements |
Business Combination Disclosure [Text Block] |
4. | NEWWAVE ACQUISITION
On May 1, 2017, the Company acquired all of the outstanding equity interests in NewWave for $740.2 million in cash on a debt-free basis. Refer to note 8 for details regarding the financing of the transaction. NewWave was a cable operator providing data, video and voice services to residential and business customers throughout non-urban areas of Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas. Cable One and NewWave shared similar strategies, customer demographics, and products. Accordingly, the acquisition of NewWave offers the Company opportunities for revenue growth and adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) margin expansion as well as the potential to realize cost synergies. The following table summarizes the allocation of the purchase price consideration as of the acquisition date, reflecting all measurement period adjustments recorded in 2017 (in thousands):
|  | Purchase Price Allocation |
Assets A cquired |  |  |  |
Cash and cash equivalents |  | $ | 12,220 |
Accounts receivable |  |  | 15,027 |
Prepaid assets |  |  | 2,286 |
Property, plant and equipment |  |  | 192,234 |
Intangibles |  |  | 476,300 |
Other assets |  |  | 1,184 |
Total Assets Acquired |  |  | 699,251 |
Liabilities A ssumed |  |  |  |
Accounts payable and accrued liabilities |  |  | 25,125 |
Deferred revenue |  |  | 14,516 |
Deferred income taxes |  |  | 6,644 |
Total Liabilities Assumed |  |  | 46,285 |
Net A ssets A cquired |  |  | 652,966 |
Purchase price consideration |  |  | 740,166 |
Goodwill R ecognized |  | $ | 87,200 |
No measurement period adjustments were recorded during the three months ended March 31, 2018.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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