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ACQUISITIONS: (Tables) | 12 Months Ended
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Mar. 31, 2021
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The acquisition date fair value of the consideration for DataFleets was approximately $67.2 million, which consisted of the following (dollars in thousands):
Cash, net of $2.1 million cash acquired |  | $ | 58,264 |
Restricted cash held in escrow |  | 8,900 |
Total fair value of consideration transferred |  | $ | 67,164 |
The acquisition date fair value of the consideration for DPM was approximately $118.0 million, which consisted of the following (dollars in thousands):
Cash, net of $0.4 million cash acquired |  | $ | 100,886 |
Restricted cash held in escrow |  | 14,815 |
Fair value of replacement stock options considered a component of purchase price |  | 2,300 |
Total fair value of consideration transferred |  | $ | 118,001 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):
|  | February 17, 2021
Assets acquired: |  |
Cash |  | $ | 2,099 |
Goodwill |  | 56,436 |
Intangible assets |  | 11,400 |
Other current and noncurrent assets |  | 1,119 |
Total assets acquired |  | 71,054 |
Deferred income taxes |  | (1,716) |
Accounts payable and accrued expenses |  | (75) |
Net assets acquired |  | 69,263 |
Less: |  |
Cash acquired |  | (2,099) |
Net purchase price allocated |  | 67,164 |
Less: |  |
Restricted cash held in escrow |  | (8,900) |
Net cash paid in acquisition |  | $ | 58,264 |
The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):
|  | July 16, 2020
Assets acquired: |  |
Cash |  | $ | 184 |
Trade accounts receivable |  | 156 |
Goodwill |  | 2,011 |
Intangible assets |  | 1,100 |
Other current and noncurrent assets |  | 43 |
Total assets acquired |  | 3,494 |
Deferred income taxes |  | (288) |
Accounts payable and accrued expenses |  | (89) |
Net assets acquired |  | 3,117 |
Less: |  |
Cash acquired |  | (184) |
Net cash paid |  | $ | 2,933 |
The following table summarizes the fair values of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):
|  | July 2, 2019
Assets acquired: |  |
Cash |  | $ | 438 |
Trade accounts receivable |  | 957 |
Goodwill |  | 90,619 |
Intangible assets |  | 34,000 |
Other current and noncurrent assets |  | 1,186 |
Total assets acquired |  | 127,200 |
Deferred income taxes |  | (6,034) |
Accounts payable and accrued expenses |  | (2,727) |
Net assets acquired |  | 118,439 |
Less: |  |
Cash acquired |  | (438) |
Net purchase price allocated |  | 118,001 |
Less: |  |
Restricted cash held in escrow |  | (14,815) |
Fair value of replacement stock options considered a component of purchase price |  | (2,300) |
Net cash paid in acquisition |  | $ | 100,886 |
The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):
|  | April 2, 2019
Assets acquired: |  |
Cash |  | $ | 35 |
Trade accounts receivable |  | 63 |
Goodwill |  | 3,110 |
Intangible assets |  | 1,700 |
Other current and noncurrent assets |  | 126 |
Total assets acquired |  | 5,034 |
Deferred income taxes |  | (194) |
Accounts payable and accrued expenses |  | (326) |
Net assets acquired |  | 4,514 |
Less: |  |
Cash acquired |  | (35) |
Net cash paid |  | $ | 4,479 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):
|  |  |  | Useful life
|  | Fair value |  | (in years)
Developed technology |  | $ | 11,000 |  |  | 4
Customer relationships/trade names |  | 400 |  |  | 2
Total intangible assets |  | $ | 11,400 |  |  |
The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):
|  |  |  | Useful life
|  | Fair value |  | (in years)
Developed technology |  | $ | 11,000 |  |  | 4
Data supply relationships |  | 16,000 |  |  | 4
Customer relationships |  | 6,000 |  |  | 4
Trademarks |  | 1,000 |  |  | 2
Total intangible assets |  | $ | 34,000 |  |  |
Schedule of Business Acquisition, Pro Forma Information | The unaudited pro forma financial information was as follows (dollars in thousands, except per share data):
|  |  |  | Year ended March 31,
|  |  |  |  |  | 2020 |  | 2019
Revenues |  |  |  |  |  | $ | 381,501 |  |  | $ | 287,467 |
Net earnings (loss) |  |  |  |  |  | $ | (129,211) |  |  | $ | 1,010,241 |
Basic earnings (loss) per share |  |  |  |  |  | $ | (1.91) |  |  | $ | 13.47 |
Diluted earnings (loss) per share |  |  |  |  |  | $ | (1.91) |  |  | $ | 13.47 |

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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 http://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 http://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 http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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