Quarterly report pursuant to Section 13 or 15(d)

Recent Transactions (Tables)

v3.19.2
Recent Transactions (Tables)
6 Months Ended
Jun. 30, 2019
Text Block [Abstract]  
Summary of Total Acquisition Consideration
The following table summarizes the total acquisition consideration for the six month period ended June 30, 2019:
 
Description
 
Total
Consideration
 
   
(Dollars in
thousands)
 
Cash payments made upon closing
 
$
650
 
Present value of estimated fair value of contingent
earn-out
consideration
   
3
 
   
 
 
 
Total purchase price consideration
 
$
653
 
   
 
 
 
Total Acquisition Consideration Allocated
The fair value of the net assets acquired was allocated as follows:
 
       
Net Digital
 
       
Assets Acquired
 
       
(Dollars in thousands)
 
Assets
           
   
Property and equipment
  $ 26  
   
Customer lists and contracts
    185  
   
Domain and brand names
    44  
   
Subscriber base and lists
    416  
       
 
 
 
       
$
671
 
       
 
 
 
Liabilities
           
   
Contract liabilities, short-term
    (18
       
 
 
 
       
$
653
 
       
 
 
 
Schedule of Business Acquisitions
A summary of our business acquisitions and asset purchases during the six months ended June 30, 2019, none of which were individually or in the aggregate material to our condensed consolidated financial position as of the respective date of acquisition, is as follows:
 
Acquisition Date
 
Description
 
Total Consideration
 
       
(Dollars in thousands)
 
June 6, 2019
  InvestmentHouse.com (business acquisition)  
$
553
 
March 18, 2019
  pjmedia.com (asset acquisition)    
100
 
       
 
 
 
       
$
653