v3.8.0.1

Business Combination (Tables)

12 Months Ended

Dec. 31, 2017

Business Combination

Schedule of estimated fair values of the assets acquired and liabilities assumed

		Estimated Average Useful Life (in years)		Purchase Price Allocation
				(in thousands)
Cash and cash equivalents				$	1,584
Current assets					3,676
Property and equipment, net					479
Amortizable intangible assets:
Capitalized technology		3			2,800
Capitalized content development		4			5,000
University client relationships		9			28,000
Trade names and domain names		10			8,900
Goodwill					68,172
Current liabilities					(9,031	)
Non-current liabilities					(10,894	)
​	​	​	​	​	​	​
				$	98,686
​	​	​	​	​	​	​
​	​	​	​	​	​	​

Schedule of unaudited pro forma combined revenue and net loss

		Year Ended December 31,
		2017			2016
		(in thousands)
Pro forma revenue		$	294,446		$	223,532
Pro forma net loss			(37,267	)		(27,959	)
Pro forma net loss per share, basic and diluted		$	(0.76	)	$	(0.60	)

X

- 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=79982066&loc=d3e1392-128463

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X

- References

No definition available.

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X

- 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=84161108&loc=d3e4845-128472

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