Business Combinations (Tables)

9 Months Ended

Dec. 31, 2022

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. Measurement period adjustments recognized in the third quarter of fiscal 2023 related to updated estimated fair values for accounts receivable, income taxes payable and other liabilities. Measurement period adjustments recognized in the second quarter of fiscal 2023 related to updated estimated fair values for income taxes receivable/(payable) and deferred income taxes with no such adjustments recognized in the first quarter of fiscal 2023.


	Fair Value As Of September 30, 2022		Measurement Period Adjustments		Fair Value As Of December 31, 2022		Weighted-Average Amortization Period
Assets acquired:
Cash and cash equivalents	$	228,877	$	—	$	228,877
Investment securities	515		—		515
Accounts receivable	54,804		1,276		56,080
Unbilled work in progress	4,672		—		4,672
Income taxes receivable	—		—		—
Deferred income taxes	1,876		—		1,876
Property and equipment	8,727		—		8,727
Operating lease right-of-use assets	27,383		—		27,383

Other assets	20,506		—		20,506
Intangible assets other than goodwill
Backlog	42,000		—		42,000		1.2 years
Trade name	17,100		—		17,100		2.0 years
Customer relationships	15,200		—		15,200		1.0 year
Total intangible assets acquired	74,300		—		74,300		1.3 years
Total assets	421,660		1,276		422,936

Liabilities assumed:
Accrued salaries and bonuses	152,409		—		152,409
Accounts payable and accrued expenses	22,722		—		22,722
Payable to affiliates	15		—		15
Deferred income	78		—		78

Deferred income taxes	—		—		—
Income taxes payable	2,697		(407)		2,290
Operating lease liabilities	27,527		—		27,527
Other liabilities	19,897		2,750		22,647
Total liabilities	225,345		2,343		227,688
Net identifiable assets acquired	196,315		(1,067)		195,248
Goodwill	393,254		1,067		394,321
Total GCA equity value	$	589,569	$	—	$	589,569

Business Acquisition, Pro Forma Information


	(Unaudited)
	Three Months Ended December 31,				Nine Months Ended December 31,
	2022		2021		2022		2021
Revenue	$	456,499	$	888,798	$	1,364,680	$	2,047,030
Net income	$	70,246	$	186,595	$	225,564	$	397,285