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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2018

ACQUISITIONS [Abstract]

Acquisitions

The following table summarizes the fair value of consideration transferred for the acquisitions disclosed above (in thousands):

		Innuvate				Treviso				L&W Holdings				Total
Total cash consideration		$	17,587			$	14,648			$	—			$	32,235
Shares issued in conjunction with acquisition			5,863				69,252				25,000				100,115
Total consideration		$	23,450			$	83,900			$	25,000				132,350
Previously held equity interest in equity method Investments(1)			8,748				30,281				—				39,029
Total		$	32,198			$	114,181			$	25,000			$	171,379

⁽¹⁾ The acquisitions of Innuvate and Treviso are considered step acquisitions, and accordingly, the Company remeasured its pre-existing 27% equity interest in Innuvate and 35% of Treviso immediately prior to completion of the acquisition to its estimated fair value of approximately $39.0 million. As a result of the remeasurement, the Company recorded a gain of approximately $13.6 million within other income (expense), during the first quarter of 2018, representing the excess of the approximate $39.0 million estimated fair value of its pre-existing 27% equity interest in Innuvate and 35% equity interest of Treviso over its transaction date carrying value of approximately $25.4 million.

The following table summarizes the fair value of the assets acquired for the acquisitions disclosed above (in thousands):

		Innuvate								Treviso								L&W Holdings
		Life				Amount				Life				Amount				Life				Amount
Total current assets						$	6,219							$	19,659							$	7,353
Fixed assets							9,291								33,282								114
Customer list		9 years					5,100			9 years					16,500			7 years					6,500
Order backlog		5 months					200			10 months					4,700			4 months					900
Trademarks		7 years					900			6 years					1,300			5 years					600
Total current liabilities							(3,942	)							(3,740	)							(1,495	)
Other non-current liabilities							—								—								(1,731	)
Total identifiable net assets acquired							17,768								71,701								12,241
Goodwill							17,230								42,480								12,759
Fair value of noncontrolling interest							(2,800	)							—								—
Total consideration and value to be allocated to net assets						$	32,198							$	114,181							$	25,000

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- References

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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