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Business Combination (Tables) | 6 Months Ended
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Jun. 30, 2015
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary valuation of the tangible and identifiable intangible assets acquired and liabilities assumed.
Cash paid, net of cash acquired | $ | 159,889 |
Promissory note | 40,000 |
Total consideration transferred | 199,889 |
Redeemable noncontrolling interest | 200,000 |
| $ | 399,889 |
Preliminary allocation: |
Prepaid expenses and other current assets | 621 |
Accounts receivable, trade | 32,240 |
Program rights | 73,219 |
Deferred carriage fees | 567 |
Property and equipment | 111 |
Intangible assets | 113,528 |
Other assets | 46,000 |
Accounts payable and accrued liabilities | (5,528 | )
Program rights obligations | (30,868 | )
Deferred revenue | (3,378 | )
Fair value of net assets acquired | 226,512 |
Goodwill | 173,377 |
| $ | 399,889 |
Business Acquisition, Pro Forma Information | The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for additional interest expense associated with the terms of the Company's amended and restated credit agreement, estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired, and the reclassification of the operating results of the Atmedia business to discontinued operations (see Note 4). 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.
| Pro Forma Financial Information for the
| Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2014
Revenues, net | $ | 564,330 |  |  | $ | 1,157,602 |
Income from continuing operations, net of income taxes | $ | 62,812 |  |  | $ | 140,966 |
Net income per share, basic | $ | 0.87 |  |  | $ | 1.96 |
Net income per share, diluted | $ | 0.86 |  |  | $ | 1.95 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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