XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1
Business Combinations, Intangible Assets, and Goodwill (Tables)
9 Months Ended
Dec. 31, 2021
Business Combination, Goodwill And Intangible Assets Disclosure [Abstract]  
Purchase Consideration Allocation
The purchase consideration was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess recorded to goodwill as shown below. The purchase consideration allocation was as follows (in thousands):
Assets acquired:
Cash and cash equivalents$1,972 
Accounts receivable4,075 
Other assets1,503 
Customer relationships10,280 
Total assets acquired$17,830 
Liabilities assumed:
Accounts payable and accrued liabilities$2,030 
Net assets acquired, excluding goodwill15,800 
Goodwill$18,915 
Total purchase consideration$34,715 
Intangible Assets, Net
Intangible assets, net consisted of the following (in thousands):
December 31, 2021March 31, 2021
Customer relationships$10,280 $10,280 
Domain names436 436 
Total intangible assets10,716 10,716 
Less: accumulated amortization(1,914)(1,120)
Total intangible assets, net$8,802 $9,596 
Future Amortization Expense
As of December 31, 2021, future amortization expense is as follows (in thousands):
Year Ending March 31, Amount
Remainder of 2022$265 
20231,059 
20241,059 
20251,059 
20261,059 
20271,056 
Thereafter3,245 
Total future amortization expense$8,802