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ACQUISITION - Schedule of Consideration Transferred, the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Apr. 02, 2024 | Sep. 30, 2024 | Mar. 31, 2024 | [1]
--- | --- | --- | --- | ---
Liabilities assumed: |  |  |
Goodwill |  | $ 300,283 | $ 83,487
MiX Telematics |  |  |
Assets acquired: |  |  |
Cash and cash equivalents | $ 26,737 |  |
Restricted cash | 794 |  |
Accounts receivable, net | 24,250 |  |
Inventory, net | 4,142 |  |
Prepaid expenses and other current assets | 8,886 |  |
Fixed assets, net | 35,587 |  |
Intangible assets, net | 153,000 |  |
Right-of-use asset | 3,794 |  |
Deferred tax assets | 1,093 |  |
Other assets | 973 |  |
Total assets acquired | 259,256 |  |
Liabilities assumed: |  |  |
Short-term bank debt and current maturities of long-term debt | 20,158 |  |
Accounts payable and accrued expenses | 26,400 |  |
Deferred revenue - current | 6,394 |  |
Lease liability - current | 859 |  |
Income taxes payable | 355 |  |
Lease liability - less current portion | 2,852 |  |
Deferred tax liability | 48,725 |  |
Other long-term liabilities | 484 |  |
Total liabilities assumed | 106,227 |  |
Total identifiable net assets acquired | 153,029 |  |
Non-controlling interest | (5) |  |
Goodwill | 216,799 |  |
Total fair value of preliminary consideration | $ 369,823 |  |
[1] | Derived from audited balance sheet as of March 31, 2024.

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