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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition |
Acquisition Consideration |
GCA common shares, including employee share-based payment awards outstanding, as of the Acquisition Date | 49,382,808 |
Cash consideration per share | ¥ | 1,398 |
Cash consideration for tendered common shares | $ | 531,883 |
Cash consideration for remaining shares purchased | 57,686 |
Total cash consideration | $ | 589,569 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of assets acquired and liabilities assumed as part of the GCA acquisition. We made significant estimates and exercised significant judgment in estimating fair values and accounting for such acquired assets and liabilities. The intangible assets subject to amortization will be amortized on a straight-line basis over their estimated useful lives as of the acquisition date.
|  |  |  |  | Fair Value as of March 31, 2023 |  | Weighted-Average Amortization Period
Assets acquired: |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  | $ | 228,877 |  |  |
Investment securities |  |  |  |  | 515 |  |  |
Accounts receivable |  |  |  |  | 56,080 |  |  |
Unbilled work in progress |  |  |  |  | 4,672 |  |  |
Deferred income taxes |  |  |  |  | 1,876 |  |  |
Property and equipment |  |  |  |  | 8,727 |  |  |
Operating lease right-of-use assets |  |  |  |  | 27,383 |  |  |
Other assets |  |  |  |  | 20,506 |  |  |
Intangible assets other than goodwill |  |  |  |  |  |  |
Backlog |  |  |  |  | 42,000 |  |  | 1.2 years
Trade name |  |  |  |  | 17,100 |  |  | 2.0 years
Customer relationships |  |  |  |  | 15,200 |  |  | 1.0 year
Total intangible assets acquired |  |  |  |  | 74,300 |  |  | 1.3 years
Total assets |  |  |  |  | 422,936 |  |  |
Liabilities assumed: |  |  |  |  |  |  |
Accrued salaries and bonuses |  |  |  |  | 152,409 |  |  |
Accounts payable and accrued expenses |  |  |  |  | 22,722 |  |  |
Payable to affiliates |  |  |  |  | 15 |  |  |
Deferred income |  |  |  |  | 78 |  |  |
Deferred income taxes |  |  |  |  | — |  |  |
Income taxes payable |  |  |  |  | 2,290 |  |  |
Operating lease liabilities |  |  |  |  | 27,527 |  |  |
Other liabilities |  |  |  |  | 22,647 |  |  |
Total liabilities |  |  |  |  | 227,688 |  |  |
Net identifiable assets acquired |  |  |  |  | 195,248 |  |  |
Goodwill |  |  |  |  | 394,321 |  |  |
Total GCA equity value |  |  |  |  | $ | 589,569 |  |  |
Business Acquisition, Pro Forma Information |
|  |  |  |  | (Unaudited)
|  |  | Year Ended March 31,
|  |  |  |  | 2023 |  | 2022
Revenue |  |  |  |  | $ | 1,809,447 |  |  | $ | 2,518,196 |
Net income |  |  |  |  | 301,397 |  |  | 471,904 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 https://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 https://asc.fasb.org/extlink&oid=79982066&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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