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Business Combination (Tables) | 6 Months Ended
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Sep. 30, 2024
Business Combinations [Abstract] |
Components and the allocation of the purchase price for acquisition | The following table sets forth the components and the allocation of the purchase price for our acquisition of Book4Time:
(In thousands) |  | Total |
Components of Purchase Price: |  |  |
Cash |  | $ | 147,181 |
Total Purchase Price |  | $ | 147,181 |
Allocation of Purchase Price: |  |  |
Accounts receivable, net |  | $ | 1,623 |
Other current assets, including cash acquired |  |  | 4,390 |
Other assets |  |  | 623 |
Current and other liabilities |  |  | (3,018 | )
Deferred tax liabilities |  |  | (11,825 | )
Contract liabilities |  |  | (9,324 | )
Net tangible assets (liabilities) |  |  | (17,531 | )
Identifiable intangible assets: |  |  |
Customer relationships |  |  | 35,000 |
Non-competition agreements |  |  | 8,100 |
Developed technology |  |  | 2,600 |
Trade name |  |  | 17,100 |
Total identifiable intangible assets |  |  | 62,800 |
Goodwill |  |  | 101,912 |
Total purchase price allocation |  | $ | 147,181 |
Schedule of unaudited pro forma financial information | The following unaudited pro forma financial information for the three- and six-month periods ended September 30, 2024 and September 30, 2023, combines the historical results of Agilysys and of Book4Time, as converted to U.S. GAAP, for the respective periods:
| Three Months Ended September 30, |  |  | Six Months Ended September 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) | Pro Forma |  |  | Pro Forma |  |  | Pro Forma |  |  | Pro Forma |
Revenue | $ | 70,783 |  |  | $ | 62,484 |  |  | $ | 138,737 |  |  | $ | 122,229 |
Net income (loss) | $ | 1,551 |  |  | $ | 2,168 |  |  | $ | 12,758 |  |  | $ | (1,235 | )

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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