Saban Capital Acquisition 10-Q 4 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	SCACU
Entity Registrant Name	Saban Capital Acquisition Corp.
Entity Central Index Key	1,671,854
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Class A Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		25,000,000
Class F Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,243,480

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash	$ 579,701	$ 201,002
Prepaid expenses	46,349	62,947
Total current assets	626,050	263,949
Investments held in Trust Account	252,443,752	251,721,796
Total Assets	253,069,802	251,985,745
Current Liabilities:
Accrued expenses	374,993	106,756
Accrued interest	510
Loan payable	500,000
Due to related party	37,890	3,502
Total current liabilities	913,393	110,258
Deferred underwriting compensation	8,750,000	8,750,000
Total Liabilities	9,663,393	8,860,258
Class A ordinary shares subject to possible redemptions; 23,840,641 shares and 23,812,549 shares at March 31, 2018 and December 31, 2017 respectively	238,406,408	238,125,486
Shareholders' equity:
Preferred shares, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding
Additional paid-in capital	4,065,010	4,345,929
Retained earnings	934,251	653,329
Total Shareholders' equity	5,000,001	5,000,001
Total liabilities and shareholders' equity	253,069,802	251,985,745
Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares value	116	119
Total Shareholders' equity	116	119
Class F Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares value	624	624
Total Shareholders' equity	$ 624	$ 624

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Class A ordinary shares subject to possible redemption, shares	23,840,641	23,812,549
Preferred shares, par value	$ 0.0001	$ 0.0001
Preferred shares, authorized	5,000,000	5,000,000
Preferred shares, issued	0	0
Preferred shares, outstanding	0	0
Class A Ordinary Shares [Member]
Class A ordinary shares subject to possible redemption, shares	23,840,641
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	500,000,000	500,000,000
Ordinary shares, issued	1,159,359	1,187,451
Ordinary shares, outstanding	1,159,359	1,187,451
Class F Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	20,000,000	20,000,000
Ordinary shares, issued	6,243,480	6,243,480
Ordinary shares, outstanding	6,243,480	6,243,480

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue
Interest Income	$ 721,956	$ 210,968
Total Revenue	721,956	210,968
Expenses
Professional fees and other expenses	440,524	222,512
Interest expense	510
Net income/(loss) attributable to ordinary shares	280,922	(11,544)
Class A Ordinary Shares [Member]
Revenue
Interest Income	721,956	210,968
Expenses
Professional fees and other expenses	352,493	178,010
Interest expense	408
Net income/(loss) attributable to ordinary shares	$ 369,055	$ 32,958
Ordinary shares - basic and diluted	$ 0.01	$ 0
Class F Ordinary Shares [Member]
Expenses
Professional fees and other expenses	$ 88,031	$ 44,502
Interest expense	102
Net income/(loss) attributable to ordinary shares	$ (88,133)	$ (44,502)
Ordinary shares - basic and diluted	$ (0.01)	$ (0.01)

Statement of Shareholders' Equi

Statement of Shareholders' Equity (Unaudited) - USD ($)	Total	Class A Ordinary Shares [Member]	Class F Ordinary Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]
Balance, value at Dec. 31, 2015	$ 0
Balance, shares at Dec. 31, 2015	0
Sale of Class F ordinary shares on April 11, 2016 to Sponsor at $0.004 per share, value	$ 25,000		$ 575	$ 24,425
Sale of Class F ordinary shares on April 11, 2016 to Sponsor at $0.004 per share, shares			5,750,000
Capitalization of Class F ordinary shares on September 15, 2016, value			$ 50	(50)
Capitalization of Class F ordinary shares on September 15, 2016, shares			500,000
Proceeds from initial public offering of Units on September 21, 2016 at $10.00 per Unit, value	250,000,000	$ 2,500		249,997,500
Proceeds from initial public offering of Units on September 21, 2016 at $10.00 per Unit, shares		25,000,000
Sale of 7,000,000 Private Placement Warrants to Sponsor on September 15, 2016 at $1.00 per Private Placement Warrant	7,000,000			7,000,000
Underwriters discounts	(5,000,000)			(5,000,000)
Offering costs charged to additional paid-in capital	(802,818)			(802,818)
Deferred underwriting compensation	(8,750,000)			(8,750,000)
Class A ordinary shares subject to possible redemption; 23,721,053 shares at a redemption value of $10.00 per share, value	(237,374,260)	$ (2,374)		(237,371,886)
Class A ordinary shares subject to possible redemption; 23,721,053 shares at a redemption value of $10.00 per share, shares		(23,737,426)
Change in Shares Subject to Possible Redemption	163,732	$ 2		163,730
Change in Shares Subject to Possible Redemption, shares		16,373
Net income (loss) attributable to ordinary shares	(261,653)				$ (261,653)
Balance, value at Dec. 31, 2016	5,000,001	$ 128	$ 625	5,260,901	(261,653)
Balance, shares at Dec. 31, 2016		1,278,947	6,250,000
Repurchase of 6,520 Class F shares	(24)		$ (1)	(23)
Repurchase of 6,520 Class F shares, shares			(6,520)
Change in Shares Subject to Possible Redemption	(914,958)	$ (9)		(914,949)
Change in Shares Subject to Possible Redemption, shares		(91,496)
Net income (loss) attributable to ordinary shares	914,982	$ 1,057,100	$ (142,118)		914,982
Balance, value at Dec. 31, 2017	5,000,001	$ 119	$ 624	4,345,929	653,329
Balance, shares at Dec. 31, 2017		1,187,451	6,243,480
Change in Shares Subject to Possible Redemption	(280,922)	$ (3)		(280,919)
Change in Shares Subject to Possible Redemption, shares		(28,092)
Net income (loss) attributable to ordinary shares	280,922	$ 369,055	$ (88,133)		280,922
Balance, value at Mar. 31, 2018	$ 5,000,001	$ 116	$ 624	$ 4,065,010	$ 934,251
Balance, shares at Mar. 31, 2018		1,159,359	6,243,480

Statement of Shareholders' Equ6

Statement of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2018	Dec. 31, 2016
Sale of shares, price per share			$ 10
Sale of Private Placement warrants, number of warrants			7,000,000
Sale of Private Placement warrants, price per warrant			$ 1
Class A ordinary shares subject to possible redemption, shares	23,812,549	23,840,641	23,721,053
Class A ordinary shares subject to possible redemption, redemption value per share	$ 10	$ 10	$ 10
IPO [Member]
Sale of shares, price per share			10
Class F Ordinary Shares [Member]
Repurchase of Class F shares	(6,520)
Sponsor [Member]
Sale of shares, price per share			$ 0.004

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income/(loss) attributable to ordinary shares	$ 280,922	$ (11,544)
Changes in operating assets and liabilities
Prepaid expenses	16,598	27,189
Accrued expenses	268,237	35,735
Accrued interest	510
Interest on Investments Held in Trust Account	(721,956)	(210,968)
Net cash used in operating activities	(155,688)	(159,588)
Cash flows from financing activities:
Due to related party	34,387	(249)
Loan from Sponsor	500,000
Net cash provided by (used in) financing activities	534,387	(249)
Net increase (decrease) in cash	378,699	(159,837)
Cash at beginning of period	201,002	787,889
Cash at end of period	$ 579,701	$ 628,052

Description of Organization and

Description of Organization and Business Operations	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Organization and Business Operations	Note 1—Description of Organization and Business Operations Organization and General: Saban Capital Acquisition Corp. (the “Company”) was incorporated in the Cayman Islands on March 15, 2016. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). The Company’s sponsor is Saban Sponsor LLC, a Delaware limited liability company (the “Sponsor”). At March 31, 2018, the Company had not commenced any significant operations. All activity for the period from March 15, 2016 (“Inception”) through March 31, 2018 relates to the Company’s formation and activities related to the initial public offering of Units (as defined below), each consisting of one of the Company’s Class A ordinary shares and one half of one warrant where each whole warrant entitles the holder to purchase one Class A ordinary share (the “Public Offering”). The Company will not generate any operating revenues until after completion of the Business Combination, at the earliest. The Company will generate non-operating Cash Cash consisted of cash held at two U.S. financial institutions, and is subject to credit risk to the extent that the balance exceeds federal deposit insurance limits. Financing: The registration statement for the Company’s Public Offering was declared effective by the United States Securities and Exchange Commission (the “SEC”) on September 15, 2016. The Public Offering closed on September 21, 2016 (the “Close Date”). The Company’s Sponsor purchased an aggregate of 7,000,000 warrants at a purchase price of $1.00 per warrant, or $7,000,000 in the aggregate, in a private placement at the Close Date (the “Private Placement”). The warrants are included in additional paid-in The Company intends to finance a Business Combination with a portion of proceeds from its $250,000,000 Public Offering and $7,000,000 Private Placement (see Note 3). At the Close Date, proceeds from the Public Offering of $250,000,000, net of underwriting discounts of $5,000,000, and $5,000,000 of the Private Placement proceeds, were deposited in a trust account with Continental Stock Transfer and Trust Company acting as trustee (the “Trust Account”) as described below. The Trust Account: As of September 21, 2016, the net proceeds from the Public Offering and a portion of the Private Placement Proceeds were deposited in the Trust Account. The Trust Account may be invested only in U.S. government treasury bills with a maturity of one hundred and eighty (180) days or less or in money market funds investing solely in United States Treasuries and meeting certain conditions under Rule 2a-7 3a-1 2a-7. Funds will remain in the Trust Account except for the withdrawal of interest to pay taxes, if any, until the earliest of (i) the completion of the Business Combination, (ii) the redemption of any Public Shares (as defined below) properly tendered in connection with a shareholder vote to amend the amended and restated memorandum and articles of association to modify the substance and timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not complete its Business Combination within 24 months from the Close Date, or (iii) the redemption of all of the Company’s Public Shares if it is unable to complete the Business Combination within 24 months from the Close Date, subject to applicable law. The remaining proceeds outside the Trust Account may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Business Combination: The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Public Offering, although substantially all of the net proceeds of the Public Offering are intended to be generally applied toward consummating a Business Combination with (or acquisition of) a Target Business. As used herein, the “Target Business” must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account, net of any deferred underwriting commissions and taxes payable on interest earned, at the time of the Company signing a definitive agreement to proceed with a Business Combination. Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination. The Company, after signing a definitive agreement for a Business Combination, will either (i) seek shareholder approval of the Business Combination at a general meeting called for such purpose in connection with which shareholders may seek to redeem their shares, regardless of whether they vote for or against the Business Combination, for cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the Business Combination, including interest but less taxes payable, or (ii) provide shareholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a shareholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to commencement of the tender offer, including interest but less taxes payable. The decision as to whether the Company will seek shareholder approval of the Business Combination or will allow shareholders to sell their shares in a tender offer will be made by the Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek shareholder approval, unless a vote is required by NASDAQ rules. If the Company seeks shareholder approval, it will complete its Business Combination only if a majority of the issued and outstanding ordinary shares voted are voted in favor of the Business Combination. However, in no event will the Company redeem its Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of its Public Shares and the related Business Combination, and instead may search for an alternate Business Combination. If the Company holds a shareholder vote or there is a tender offer for its Public Shares in connection with a Business Combination, a public shareholder will have the right to redeem its Public Shares for an amount in cash equal to its pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the Business Combination, including interest but less taxes payable. As a result, such Public Shares are recorded at their redemption amount and classified as temporary equity in accordance with Accounting Standards Codification (“ASC”) 480, “Distinguishing Liabilities from Equity” (“ASC 480”) except for the portion of Public Shares required to maintain net tangible assets at least $5,000,001. That portion of Public Shares is classified as permanent shareholder’s equity. The Company has 24 months after the Close Date to complete a Business Combination. If the Company does not complete a Business Combination within this time period, it shall (i) cease all operations except for the purposes of winding up, (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem the Public Shares, at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest, net of taxes payable (less up to $50,000 of such net interest to pay dissolution expenses), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish the public shareholders’ rights as owners of Class A ordinary shares (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company’s board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. The Initial Shareholders (as defined below) have entered into a letter agreement with the Company, pursuant to which they have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete a Business Combination within 24 months after the Close Date. However, if the Initial Shareholders acquire Public Shares after the Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete the Business Combination within 24 months after the Close Date. If the Company fails to complete a Business Combination within 24 months after the Close Date, the resulting redemption of the Company’s Class A ordinary shares will reduce the book value per share for the Founder Shares held by the Initial Shareholders, who would be the only remaining shareholders after such a redemption. If the Company completes a Business Combination within 24 months after the Close Date, the funds in the Trust Account will be used to pay for the Business Combination, redemptions of Class A ordinary shares, if any, the deferred underwriting commission of $8,750,000 and accrued expenses related to the Business Combination. Any funds remaining will be made available to the Company to provide working capital to finance the Company’s business operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2—Summary of Significant Accounting Policies Basis of Presentation: The accompanying interim unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”), and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at March 31, 2018 and the results of operations and cash flows for the periods presented. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. Interim results are not necessarily indicative of results for the full year or any future periods. The accompanying unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K Emerging Growth Company: Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging Concentration of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Financial Instruments: The fair values of the Company’s assets and liabilities which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximate the carrying amounts represented on the balance sheet. Redeemable Ordinary Shares: All 25,000,000 Class A ordinary shares sold as part of the Units in the Public Offering contain a redemption feature as discussed in Note 1. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its Class A ordinary shares in an amount that would cause its net tangible assets to fall below $5,000,001. Accordingly, at March 31, 2018, 23,840,641 of the Company’s 25,000,000 Class A ordinary shares were classified outside of permanent equity at their redemption value. Net Income/(Loss) per Ordinary Share: The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class F ordinary shares. The Company’s public shareholders have the opportunity to redeem their shares upon the completion of the Business Combination at a per share price that is equal to the aggregate amount then on deposit in the Trust Account including interest, divided by the number of then issued and outstanding Public Shares, subject to certain limitations. Accordingly, the Company uses the two-class two-class Three Months Three Months Year Ended December 31, 2017 Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 721,956 $ — $ 210,968 $ — $ 1,625,844 $ — Operating expenses: Professional fees and other expenses $ 352,493 $ 88,031 $ 178,010 $ 44,502 $ 568,744 $ 142,118 Interest expense: $ 408 $ 102 Numerator: Allocation of net income/(loss) $ 369,055 $ (88,133 ) $ 32,958 $ (44,502 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 25,000,000 6,243,480 25,000,000 6,250,000 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ 0.01 $ (0.01 ) $ 0.00 $ (0.01 ) $ 0.04 $ (0.02 ) Use of Estimates: The preparation of the Company’s balance sheet in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates. Offering Costs: The Company complies with the requirements of ASC 340-10-S99-1 paid-in Income Taxes: The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not Exempted companies are Cayman Islands companies wishing to conduct business outside the Cayman Islands and, as such, are exempted from complying with certain provisions of the Companies Law. As an exempted company, the Company has applied for and received a tax exemption undertaking from the Cayman Islands government that, in accordance with Section 6 of the Tax Concessions Law (2018 Revision) of the Cayman Islands, for a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations and, in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable (i) on or in respect of the shares or other obligations of us or (ii) by way of the withholding in whole or in part of a payment of dividend or other distribution of income or capital by us to the Company shareholders or a payment of principal or interest or other sums due under a debenture or other obligation of us. Consequently, income taxes have not been reflected in the financial statements. Recent Accounting Pronouncements: Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Public Offering

Public Offering	3 Months Ended
	Mar. 31, 2018
Text Block [Abstract]
Public Offering	Note 3—Public Offering In its Public Offering, the Company sold 25,000,000 units at a price of $10.00 per unit (the “Units”). Each unit consists of one of the Company’s Class A ordinary shares, $0.0001 par value per share (each, a “Public Share”), and one half of one warrant (“Warrant”). Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Warrants may be exercised only for a whole number of Class A ordinary shares; no fractional shares will be issued upon exercise of the Warrants. Each Warrant will become exercisable on the later of 30 days after the completion of the initial Business Combination or 12 months after the Close Date, and will expire after the earlier of five years after the completion of the initial Business Combination, or upon redemption or liquidation. Alternatively, if the Company does not complete a Business Combination within 24 months after the Close Date, the Warrants will expire worthless at the end of such period. If the Company is unable to deliver registered Class A ordinary shares to the holder upon exercise of Warrants issued in connection with the 25,000,000 Units during the exercise period, the Warrants will expire worthless, except to the extent that they may be exercised on a cashless basis in the circumstances described in the Warrant agreement. Once the Warrants become exercisable, the Company may redeem the outstanding Warrants in whole, but not in part, at a price of $0.01 per Warrant upon a minimum of 30 days’ prior written notice of redemption, and only in the event that the last sale price of the Company’s Public Shares equals or exceeds $18.00 (subject to adjustments) per share for any 20 trading days within the 30-trading The Company paid an underwriting discount of 2.00% of the gross proceeds of the Public Offering, or $5,000,000, to the underwriters at the Close Date, with an additional fee (the “Deferred Discount”) of 3.50% of the gross proceeds of the Public Offering, or $8,750,000, payable upon the Company’s completion of a Business Combination. The Deferred Discount will become payable to the underwriters from the amounts held in the Trust Account solely in the event the Company completes a Business Combination. The underwriters are not entitled to receive any of the interest earned on Trust Account funds that would be used to pay the Deferred Discount. The Deferred Discount is recorded as deferred underwriter compensation at the Company’s balance sheet.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 4—Related Party Transactions Founder Shares On April 11, 2016, the Company’s Sponsor purchased 5,750,000 Class F ordinary shares (“Founder Shares”) for $25,000, or approximately $0.004 per share. In August 2016, the Company repurchased 99,000 Founder Shares from the Sponsor at their original per share issuance price and subsequently issued such number of Founder Shares pursuant to The 2016 Share Award Plan of the Company (the “Plan”) for the same per share price to certain individuals who will assist in the evaluation of investment opportunities, including 10,000 Founder Shares to Adam Chesnoff, the Company’s Director, President and Chief Executive Officer, 8,000 Founder Shares to Niveen Tadros, the Company’s Executive Vice President and General Counsel, 6,000 Founder Shares to Fred Gluckman, the Company’s Executive Vice President and Chief Financial Officer, and 4,000 Founder Shares to Philip Han, the Company’s Executive Vice President and Chief Investment Officer. In September 2016, the Company’s Sponsor transferred 30,000 Founder Shares to each of the Company’s independent director nominees at their original per share issue price (together with the Sponsor and the other individuals that received founder shares, the “Initial Shareholders”). On September 15, 2016, the Company effected a pro rata share capitalization resulting in an increase in the total number of Founder Shares issued and outstanding from 5,750,000 to 6,250,000 in order to maintain the ownership of Founder Shares by the Initial Shareholders at 20% of the Company’s issued and outstanding shares upon consummation of the Public Offering. Following the Public Offering and the pro rata share capitalization, the Sponsor held 6,044,570 Founder Shares, each of the Company’s three independent directors owned 32,610 Founder Shares, and the other individuals, including the Company’s executive officers, held 107,600 Founder Shares. On March 16, 2017, concurrent with Mr. Bruce Rosenblum’s resignation from the Company’s board of directors, the Company acquired 25,110 Founder Shares from Mr. Rosenblum and concurrent therewith, in connection with Mr. Casey Wasserman’s appointment to the board of directors, the Company re-issued The Founder Shares are identical to the Public Shares, and holders of Founder Shares have the same shareholder rights as public shareholders, except that: (i) the Founder Shares are subject to certain transfer restrictions; (ii) the Initial Shareholders have entered into a letter agreement with the Company, pursuant to which they have agreed (a) to waive their redemption rights with respect to their Founder Shares and the Public Shares in connection with the completion of a Business Combination and (b) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete a Business Combination within 24 months from the closing of the Public Offering, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete a Business Combination within such time period; (iii) the Founder Shares are automatically convertible into Class A ordinary shares at the time of a Business Combination on a one-for-one Private Placement Warrants Simultaneously with the consummation of the Public Offering, the Sponsor purchased 7,000,000 warrants at a price of $1.00 per warrant, or $7,000,000 in the aggregate, in a Private Placement (the “Private Placement Warrants”). Each Private Placement Warrant entitles the holder to purchase one Class A ordinary share for $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were placed in the Trust Account. The Private Placement Warrants may not be redeemed by the Company so long as they are held by the Sponsor. If any Private Placement Warrants are held by holders other than the Sponsor or certain permitted transferees, such Private Placement Warrants will be redeemable and exercisable by the holders on the same basis as the Warrants included in the Units sold under the Public Offering. The Sponsor has the option to exercise the Private Placement Warrants on a cashless basis. The Private Placement Warrants (including the Class A ordinary shares issuable upon exercise of the Private Placement Warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by it until 30 days after the completion of the Business Combination. If the Company does not complete a Business Combination within 24 months after the Close Date, the proceeds of the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Company’s Public Shares (subject to the requirements of applicable law), and the Private Placement Warrants will expire worthless. Registration Rights Holders of the Founder Shares and Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the working capital loans), have registration rights pursuant to a registration rights agreement signed on the Close Date requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Company’s Class A ordinary shares). The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities, Class A ordinary shares underlying the Private Placement Warrants and Class F ordinary shares. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed by the Company subsequent to its completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock up period, which occurs: (i) in the case of the Founder Shares, on the earlier of (A) one year after the completion of a Business Combination or (B) if, subsequent to a Business Combination, (x) the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading Related Party Notes Between Inception and the Close Date, the Sponsor loaned the Company $250,000 in unsecured promissory notes. The funds were used to pay up-front non-interest On March 12, 2018, the Company issued an unsecured convertible promissory note (the “Sponsor Convertible Note”), pursuant to which the Company may borrow up to $1,000,000 from the Sponsor from time to time. The Sponsor Convertible Note bears interest at a rate of 1.96% per annum and all unpaid principal under the Sponsor Convertible Note including accrued interest thereon will be due and payable in full on the earlier of September 21, 2018 and the consummation of the initial Business Combination. The Sponsor will have the option to convert any amounts outstanding under the Sponsor Convertible Note, up to $1,000,000 in the aggregate, into warrants to purchase Class A ordinary shares at a conversion price of $1.00 per warrant. The terms of such warrants will be identical to the Private Placement Warrants, including that each such warrant will entitle the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to the same adjustments applicable to the Private Placement Warrants. Under the Sponsor Convertible Note, the Sponsor has waived any and all right, title, interest or claim of any kind in or to any distribution of or from the Trust Account, including any right to seek recourse, reimbursement, payment or satisfaction for any claim against the Trust Account. The issuance of the Sponsor Convertible Note was approved by the Company’s board of directors and its audit committee on March 12, 2018. Executed on March 12, 2018, $500,000 was drawn under the Sponsor Convertible Note on March 20, 2018. Due to Related Party Saban Capital Group, Inc. is an affiliate of the Sponsor which advanced various costs on behalf of the Company. Total related party advances amounted to $7,890 for the period January 1, 2018 through March 31, 2018 and were reported as general and administrative expenses. As of March 31, 2018, the amount due to related party was $37,890. Total related party advances amounted to $6,013 and the amount due was $4,600 for the period January 1, 2017 through March 31, 2017 and were reported as general and administrative expenses. These amounts do not include amounts owed under the Sponsor Convertible Note. Administrative Service Agreement Effective September 15, 2016, the Company entered into an agreement to pay monthly expenses of $10,000 for office space, administrative services and support services to an affiliate of the Company’s Sponsor. The agreement terminates upon the earlier of the completion of a Business Combination or the liquidation of the Company. For the period from January 1, 2018 to March 31, 2018, the Company incurred expenses of $30,000 under this agreement. Other Related Party Transactions The Company’s Sponsor, officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket out-of-pocket As described above under Related Party Notes, on March 12, 2018, the Company issued the Sponsor Convertible Note, pursuant to which it may borrow up to $1,000,000 from the Sponsor, from time to time. In addition, in order to finance transaction costs in connection with the Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company additional funds as may be required. If the Company complete a Business Combination, it would repay such loaned amounts. In the event that the Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. The terms of such additional loans by the Company’s officers and directors, if any, have not been determined and no written agreements exist with respect to such additional loans. The Company does not expect to seek loans from parties other than the Sponsor or an affiliate of the Sponsor as it does not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in the Trust Account. The Company is not prohibited from pursuing a Business Combination with a company that is affiliated with its Sponsor, officers or directors or making the acquisition through a joint venture or other form of shared ownership with its Sponsor, officers or directors. In the event the Company seeks to complete a Business Combination with a target that is affiliated with its Sponsor, officers or directors, the Company, or a committee of independent and disinterested directors, would obtain an opinion from an independent investment banking firm that is a member of Financial Industry Regulatory Authority or from an independent accounting firm, that such an initial Business Combination is fair to the Company from a financial point of view. The Company is not required to obtain an opinion with respect to the fairness of the Business Combination in any other context. After the Business Combination, directors or members of the Company’s management team who remain with the Company may be paid consulting, management or other compensation from the combined company. All of this compensation will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to the Company’s shareholders in connection with a proposed business combination. It is unlikely the amount of such compensation will be known at the time, because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to the Company’s executive officers after the completion of its initial business combination will be determined by a compensation committee constituted solely by independent directors.

Investments Held in Trust Accou

Investments Held in Trust Account	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Investments Held in Trust Account	Note 5—Investments Held in Trust Account Gross proceeds of $250,000,000 and $5,000,000 from the Public Offering and Private Placement, respectively, less underwriting discounts of $5,000,000 were placed in the Trust Account at the Close Date. At March 31, 2018, funds in the Trust Account totaled $252,443,752 and were held in money market funds.

Deferred Underwriting Compensat

Deferred Underwriting Compensation	3 Months Ended
	Mar. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Underwriting Compensation	Note 6—Deferred Underwriting Compensation The Company is committed to pay the Deferred Discount of 3.50% of the gross proceeds of the Public Offering, or $8,750,000, to the underwriters upon the Company’s completion of a Business Combination. The underwriters are not entitled to receive any of the interest earned on Trust Account funds that would be used to pay the Deferred Discount, and no Deferred Discount is payable to the underwriters if a Business Combination is not completed within 24 months after the Close Date.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Shareholders' Equity	Note 7—Shareholders’ Equity Class A Ordinary Shares The Company is authorized to issue 500,000,000 Class A ordinary shares. Depending on the terms of a potential Business Combination, the Company may be required to increase the number of authorized Class A ordinary shares at the same time as its shareholders vote on the Business Combination to the extent the Company seeks shareholder approval in connection with its Business Combination. Holders of Class A ordinary shares are entitled to one vote for each held on all matters to be voted on by shareholders. At March 31, 2018, there were 25,000,000 Class A ordinary shares issued and outstanding (Public Shares), of which 23,840,641 shares were subject to possible redemption and are classified outside of shareholders’ equity on the balance sheet. Class F Ordinary Shares The Company is authorized to issue 20,000,000 Class F ordinary shares. Holders of the Company’s Class F ordinary shares are entitled to one vote for each ordinary share. Class F ordinary shares will automatically convert to Class A ordinary shares at the time of a Business Combination, initially on a one-for-one On June 26, 2017, the Company entered into agreements to repurchase 6,520 Class F ordinary shares at the initial purchase price, for the total sum of $24, from two individuals no longer providing services to the Company. The repurchase was consummated in July, 2017, at which time such shares were treated as cancelled, reducing the number of issued and outstanding Class F ordinary shares to 6,243,480. At March 31, 2018, there were 6,243,480 Class F ordinary shares issued and outstanding. Preferred Shares The Company is authorized to issue 5,000,000 preferred shares. The Company’s board of directors has the authority to determine the voting rights, if any, designations, powers, preferences, and the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the preferred shares of each series. The board of directors may, without shareholder approval, issue preferred shares with voting and other rights that could adversely affect the voting power and other rights of the holders of Public Shares, and which could have anti-takeover effects. At March 31, 2018, there were no preferred shares issued and outstanding.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 8—Fair Value Measurement The Company complies with FASB ASC 820, Fair Value Measurements, for its financial assets and liabilities that are re-measured non-financial re-measured The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2018, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilized quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize date points that are observable such as quoted prices, interest rates, and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability. Description March 31, 2018 Quoted Prices significant Significant December 31, 2017 Investments and cash held in Trust Account $ 252,443,752 $ 252,443,752 — — $ 251,721,796 Total $ 252,443,752 $ 252,443,752 — — $ 251,721,796

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 9—Subsequent Events Subsequent Events: Management has performed an evaluation of subsequent events through the date of issuance of the financial statements, noting no other items which require adjustment or disclosure.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying interim unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”), and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at March 31, 2018 and the results of operations and cash flows for the periods presented. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. Interim results are not necessarily indicative of results for the full year or any future periods. The accompanying unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K
Emerging Growth Company	Emerging Growth Company: Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
Concentration of Credit Risk	Concentration of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Financial Instruments	Financial Instruments: The fair values of the Company’s assets and liabilities which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximate the carrying amounts represented on the balance sheet.
Redeemable Ordinary Shares	Redeemable Ordinary Shares: All 25,000,000 Class A ordinary shares sold as part of the Units in the Public Offering contain a redemption feature as discussed in Note 1. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its Class A ordinary shares in an amount that would cause its net tangible assets to fall below $5,000,001. Accordingly, at March 31, 2018, 23,840,641 of the Company’s 25,000,000 Class A ordinary shares were classified outside of permanent equity at their redemption value.
Net Income/(Loss) per Ordinary Share	Net Income/(Loss) per Ordinary Share: The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class F ordinary shares. The Company’s public shareholders have the opportunity to redeem their shares upon the completion of the Business Combination at a per share price that is equal to the aggregate amount then on deposit in the Trust Account including interest, divided by the number of then issued and outstanding Public Shares, subject to certain limitations. Accordingly, the Company uses the two-class two-class Three Months Three Months Year Ended December 31, 2017 Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 721,956 $ — $ 210,968 $ — $ 1,625,844 $ — Operating expenses: Professional fees and other expenses $ 352,493 $ 88,031 $ 178,010 $ 44,502 $ 568,744 $ 142,118 Interest expense: $ 408 $ 102 Numerator: Allocation of net income/(loss) $ 369,055 $ (88,133 ) $ 32,958 $ (44,502 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 25,000,000 6,243,480 25,000,000 6,250,000 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ 0.01 $ (0.01 ) $ 0.00 $ (0.01 ) $ 0.04 $ (0.02 )
Use of Estimates	Use of Estimates: The preparation of the Company’s balance sheet in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Offering Costs	Offering Costs: The Company complies with the requirements of ASC 340-10-S99-1 paid-in
Income Taxes	Income Taxes: The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not Exempted companies are Cayman Islands companies wishing to conduct business outside the Cayman Islands and, as such, are exempted from complying with certain provisions of the Companies Law. As an exempted company, the Company has applied for and received a tax exemption undertaking from the Cayman Islands government that, in accordance with Section 6 of the Tax Concessions Law (2018 Revision) of the Cayman Islands, for a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations and, in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable (i) on or in respect of the shares or other obligations of us or (ii) by way of the withholding in whole or in part of a payment of dividend or other distribution of income or capital by us to the Company shareholders or a payment of principal or interest or other sums due under a debenture or other obligation of us. Consequently, income taxes have not been reflected in the financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Reconciliation of Numerators and Denominators Used to Compute Basic and Diluted Net Income Per Share	The table below presents for the periods indicated a reconciliation of the numerators and denominators used to compute basic and diluted net income/(loss) per share for each class of the ordinary shares: Three Months Three Months Year Ended December 31, 2017 Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 721,956 $ — $ 210,968 $ — $ 1,625,844 $ — Operating expenses: Professional fees and other expenses $ 352,493 $ 88,031 $ 178,010 $ 44,502 $ 568,744 $ 142,118 Interest expense: $ 408 $ 102 Numerator: Allocation of net income/(loss) $ 369,055 $ (88,133 ) $ 32,958 $ (44,502 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 25,000,000 6,243,480 25,000,000 6,250,000 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ 0.01 $ (0.01 ) $ 0.00 $ (0.01 ) $ 0.04 $ (0.02 )

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2018, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilized quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize date points that are observable such as quoted prices, interest rates, and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability. Description March 31, 2018 Quoted Prices significant Significant December 31, 2017 Investments and cash held in Trust Account $ 252,443,752 $ 252,443,752 — — $ 251,721,796 Total $ 252,443,752 $ 252,443,752 — — $ 251,721,796

Description of Organization a20

Description of Organization and Business Operations - Additional Information (Detail) - USD ($)	Sep. 21, 2016	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Organization And Business Operations [Line Items]
Sale of Private Placement warrants, price per warrant				$ 1
Proceeds from initial public offering	$ 250,000,000
Proceeds from private placement	7,000,000
Payment of underwriters discounts	$ 5,000,000	$ 5,000,000
Percentage of public shares required to repurchase if business combination is not completed within specified period		100.00%
Period from closing of public offering to complete business combination		24 months
Percentage of fair market value to that of balance in the trust account		80.00%
Minimum net tangible assets		$ 5,000,001
Deferred underwriting commission		$ 8,750,000	$ 8,750,000
Class A Ordinary Shares [Member]
Organization And Business Operations [Line Items]
Warrants outstanding		19,500,000
Class A Ordinary Shares [Member] | IPO [Member]
Organization And Business Operations [Line Items]
Number of shares in each unit		1
Number of warrants in each unit		0.5
Maximum [Member]
Organization And Business Operations [Line Items]
Net interest to pay dissolution expenses		$ 50,000
Sponsor [Member] | Private Placement [Member]
Organization And Business Operations [Line Items]
Warrants outstanding	7,000,000	7,000,000
Sale of Private Placement warrants, price per warrant	$ 1	$ 1
Proceeds from sale of Private Placement Warrants to Sponsor	$ 7,000,000	$ 7,000,000
Continental Stock Transfer and Trust Company [Member]
Organization And Business Operations [Line Items]
Proceeds from private placement	$ 5,000,000
U.S. Government Treasury Bills [Member] | Maximum [Member]
Organization And Business Operations [Line Items]
Debt instrument, maturity period		180 days

Summary of Significant Accoun21

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)Class_of_Stockshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2017shares
Summary Of Significant Accounting Policy [Line Items]
Federal depository insurance coverage	$ 250,000
Shares subject to possible redemption | shares	23,840,641	23,721,053	23,812,549
Minimum net tangible assets	$ 5,000,001
Number of classes of ordinary shares | Class_of_Stock	2
Offering costs		$ 802,818
Income tax expense	$ 0
Cayman Islands [Member]
Summary Of Significant Accounting Policy [Line Items]
Income tax holiday term	20 years
Income taxes payable	$ 0
IPO [Member]
Summary Of Significant Accounting Policy [Line Items]
Offering costs	802,818
Underwriter discounts	$ 13,750,000
Class A Ordinary Shares [Member]
Summary Of Significant Accounting Policy [Line Items]
Common stock shares issued | shares		25,000,000
Shares subject to possible redemption | shares	23,840,641
Warrants to purchase Class A ordinary shares outstanding | shares	19,500,000
Class A Ordinary Shares [Member] | IPO [Member]
Summary Of Significant Accounting Policy [Line Items]
Common stock shares issued | shares	25,000,000
Shares subject to possible redemption | shares	23,840,641

Summary of Significant Accoun22

Summary of Significant Accounting Policies - Reconciliation of Numerators and Denominators Used to Compute Basic and Diluted Net Income Per Share (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Revenue:
Interest Income	$ 721,956	$ 210,968
Operating expenses:
Professional fees and other expenses	440,524	222,512
Interest expense:	510
Numerator:
Net income/(loss) attributable to ordinary shares	280,922	(11,544)	$ 914,982	$ (261,653)
Class A Ordinary Shares [Member]
Revenue:
Interest Income	721,956	210,968	1,625,844
Operating expenses:
Professional fees and other expenses	352,493	178,010	568,744
Interest expense:	408
Numerator:
Net income/(loss) attributable to ordinary shares	$ 369,055	$ 32,958	$ 1,057,100
Denominator:
Weighted average ordinary shares outstanding	25,000,000	25,000,000	25,000,000
Basic and diluted net income/(loss) per share	$ 0.01	$ 0	$ 0.04
Class F Ordinary Shares [Member]
Operating expenses:
Professional fees and other expenses	$ 88,031	$ 44,502	$ 142,118
Interest expense:	102
Numerator:
Net income/(loss) attributable to ordinary shares	$ (88,133)	$ (44,502)	$ (142,118)
Denominator:
Weighted average ordinary shares outstanding	6,243,480	6,250,000	6,247,006
Basic and diluted net income/(loss) per share	$ (0.01)	$ (0.01)	$ (0.02)

Public Offering - Additional In

Public Offering - Additional Information (Detail) - USD ($)	Sep. 21, 2016	Mar. 31, 2018	Dec. 31, 2016	Dec. 31, 2017
Class of Stock [Line Items]
Share unit price per share			$ 10
Percentage of underwriting commission on gross proceeds		2.00%
Payment of underwriters discounts	$ 5,000,000	$ 5,000,000
Additional fee payable on gross proceed		$ 8,750,000		$ 8,750,000
Percentage of additional fee payable on gross proceed		3.50%
Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Sale of units			25,000,000
Ordinary shares, par value		$ 0.0001		$ 0.0001
IPO [Member]
Class of Stock [Line Items]
Share unit price per share			$ 10
IPO [Member] | Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Sale of units		25,000,000
Share unit price per share		$ 10
Number of shares in each unit		1
Ordinary shares, par value		$ 0.0001
Number of warrants in each unit		0.5
Warrant exercise price per share		$ 11.50
Warrant exercisable, term		30 days
Warrant expiration, term		5 years
Period from closing of Public Offering for exercise of warrants		12 months
Period from closing of public offering that warrants will expire if initial business combination is not complete		24 months
Warrant redemption price per share		$ 0.01
Warrant redemption stock price trigger		$ 18
Warrant redemption threshold trading days		20 days
Warrant redemption threshold consecutive trading days		30 days
Warrant registration period		15 days
IPO [Member] | Class A Ordinary Shares [Member] | Minimum [Member]
Class of Stock [Line Items]
Warrant redemption period		30 days

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)

Jul. 31, 2017shares

Jun. 26, 2017USD ($)Individualshares

Mar. 16, 2017shares

Sep. 21, 2016USD ($)$ / sharesshares

Sep. 15, 2016USD ($)shares

Apr. 11, 2016USD ($)$ / sharesshares

Sep. 30, 2016shares

Aug. 31, 2016shares

Mar. 31, 2018USD ($)Directors$ / sharesshares

Mar. 31, 2017USD ($)

Dec. 31, 2016USD ($)$ / sharesshares

Dec. 31, 2017USD ($)shares

Dec. 31, 2016USD ($)$ / sharesshares

Mar. 20, 2018USD ($)

Mar. 12, 2018USD ($)$ / shares

Dec. 31, 2015shares

Related Party Transaction [Line Items]

Stock issued during period, value, new issues | $

$ 250,000,000

Shares issued, price per share | $ / shares

$ 10

$ 10

Stock repurchased during period, shares

6,520

99,000

Founder shares transferred

30,000

Founder shares outstanding

6,250,000

Stock repurchased during period, value | $

$ 24

$ 24

Number of individuals | Individual

2

Ordinary shares, issued

6,243,480

Ordinary shares, outstanding

6,243,480

0

Description of founder shares rights

(i) the Founder Shares are subject to certain transfer restrictions; (ii) the Initial Shareholders have entered into a letter agreement with the Company, pursuant to which they have agreed (a) to waive their redemption rights with respect to their Founder Shares and the Public Shares in connection with the completion of a Business Combination and (b) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete a Business Combination within 24 months from the closing of the Public Offering, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete a Business Combination within such time period; (iii) the Founder Shares are automatically convertible into Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described in the Company’s Articles; and (iv) the Founder Shares are subject to registration rights.

Period from closing of public offering to complete business combination

24 months

Warrants price per share | $ / shares

1

1

Period from completion of the business combination private placement warrants be transferred, assigned or sold

30 days

Description of registration rights

(i) in the case of the Founder Shares, on the earlier of (A) one year after the completion of a Business Combination or (B) if, subsequent to a Business Combination, (x) the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Business Combination, or (y) the date following the completion of the Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company public shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property; and (ii) in the case of the Private Placement Warrants and the respective Class A ordinary shares underlying such warrants, 30 days after the completion of a Business Combination.

Amount due to related party | $

$ 37,890

$ 3,502

Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Interest rate

1.96%

Convertible note, outstanding | $

$ 500,000

Maximum [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Borrowings | $

$ 1,000,000

Independent Directors [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

32,610

Number of directors | Directors

3

Bruce Rosenblum [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Stock repurchased during period, shares

25,110

Casey Wasserman [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

25,110

Number of additional shares issued to director on appointment

7,500

Adam Chesnoff [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

10,000

Niveen Tadros [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

8,000

Fred Gluckman [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

6,000

Philip Han [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

4,000

Sponsor [Member]

Related Party Transaction [Line Items]

Shares issued, price per share | $ / shares

$ 0.004

$ 0.004

Proceeds of notes payable from Sponsor | $

$ 250,000

Sponsor [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

6,037,070

6,044,570

Sponsor [Member] | Private Placement [Member]

Related Party Transaction [Line Items]

Warrants outstanding

7,000,000

7,000,000

Warrants price per share | $ / shares

$ 1

$ 1

Proceeds from sale of Private Placement Warrants to Sponsor | $

$ 7,000,000

$ 7,000,000

Initial Stockholders [Member]

Related Party Transaction [Line Items]

Percentage of shares held by related party

20.00%

Saban Capital Group, Inc. [Member]

Related Party Transaction [Line Items]

Total related party advances | $

7,890

$ 6,013

Amount due to related party | $

37,890

$ 4,600

Affiliate of Sponsor [Member]

Related Party Transaction [Line Items]

Monthly expense for office space, administrative services and support services to an affiliate | $

$ 10,000

$ 30,000

Other Individuals Including Executive Officers [Member] | Maximum [Member]

Related Party Transaction [Line Items]

Number of shares held

107,600

Other Individuals Including Executive Officers [Member] | Minimum [Member]

Related Party Transaction [Line Items]

Number of shares held

101,080

Other Individuals Including Executive Officers [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

107,600

Class F Ordinary Shares [Member]

Related Party Transaction [Line Items]

Stock repurchased during period, shares

6,520

6,520

Stock repurchased during period, value | $

$ 24

$ 1

Ordinary shares, issued

6,243,480

6,243,480

6,243,480

Ordinary shares, outstanding

6,243,480

6,243,480

6,250,000

6,243,480

6,250,000

Class F Ordinary Shares [Member] | Sponsor [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

5,750,000

Stock issued during period, value, new issues | $

$ 25,000

Shares issued, price per share | $ / shares

$ 0.004

Class A Ordinary Shares [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

25,000,000

Stock issued during period, value, new issues | $

$ 2,500

Ordinary shares, issued

1,159,359

1,187,451

Ordinary shares, outstanding

1,159,359

1,278,947

1,187,451

1,278,947

Warrants outstanding

19,500,000

Class A Ordinary Shares [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Warrant exercise price per share | $ / shares

$ 11.50

Debt instrument conversion price | $ / shares

$ 1

Class A Ordinary Shares [Member] | Maximum [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Convertible debt amount | $

$ 1,000,000

Class A Ordinary Shares [Member] | Private Placement [Member]

Related Party Transaction [Line Items]

Number of shares per warrant entitled for purchase

1

Warrant exercise price per share | $ / shares

$ 11.50

Investments Held in Trust Acc25

Investments Held in Trust Account - Additional Information (Detail) - USD ($)	Sep. 21, 2016	Mar. 31, 2018
Cash and Cash Equivalents [Line Items]
Gross proceeds from public offering	$ 250,000,000
Gross proceeds from private placement	7,000,000
Payment of underwriters discounts	5,000,000	$ 5,000,000
Money Market Funds [Member]
Cash and Cash Equivalents [Line Items]
Funds held in Trust Account		$ 252,443,752
Continental Stock Transfer and Trust Company [Member]
Cash and Cash Equivalents [Line Items]
Gross proceeds from private placement	$ 5,000,000

Deferred Underwriting Compens26

Deferred Underwriting Compensation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred underwriting discount payable	3.50%
Deferred underwriting compensation	$ 8,750,000
Period from closing of public offering to complete business combination	24 months

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Jun. 26, 2017	Aug. 31, 2016	Mar. 31, 2018	Dec. 31, 2017	Jul. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Shares subject to possible redemption			23,840,641	23,812,549		23,721,053
Common stock conversion basis			Class F ordinary shares will automatically convert to Class A ordinary shares at the time of a Business Combination, initially on a one-for-one basis, subject to certain adjustments.
Common stock conversion basis ratio			100.00%
Stock repurchased during period, shares	6,520	99,000
Stock repurchased during period, value	$ 24			$ 24
Ordinary shares, issued					6,243,480
Ordinary shares, outstanding					6,243,480		0
Preferred shares, authorized			5,000,000	5,000,000
Preferred shares, issued			0	0
Preferred shares, outstanding			0	0
Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Ordinary shares, authorized			500,000,000	500,000,000
Ordinary shares, including shares subject to redemption, issued			25,000,000
Ordinary shares, including shares subject to redemption, outstanding			25,000,000
Shares subject to possible redemption			23,840,641
Common stock voting rights			One vote for each held on all matters to be voted on by shareholders.
Ordinary shares, issued			1,159,359	1,187,451
Ordinary shares, outstanding			1,159,359	1,187,451		1,278,947
Class F Ordinary Shares [Member]
Class of Stock [Line Items]
Ordinary shares, authorized			20,000,000	20,000,000
Common stock voting rights			One vote for each ordinary share.
Stock repurchased during period, shares	6,520			6,520
Stock repurchased during period, value	$ 24			$ 1
Ordinary shares, issued			6,243,480	6,243,480	6,243,480
Ordinary shares, outstanding			6,243,480	6,243,480	6,243,480	6,250,000

Fair Value Measurement - Schedu

Fair Value Measurement - Schedule of Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments and cash held in Trust Account	$ 252,443,752	$ 251,721,796
Fair Value on Recurring Basis [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments and cash held in Trust Account	252,443,752	251,721,796
Total	252,443,752	$ 251,721,796
Fair Value on Recurring Basis [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments and cash held in Trust Account	252,443,752
Total	$ 252,443,752