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v3.22.2.2

Acquisitions (Tables) | 6 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The fair values of the assets acquired and liabilities assumed at the date of the Fyber Acquisition are presented as follows 1:
|  | May 25, 2021 |  | Measurement Period Adjustments |  | May 25, 2021 (adjusted)
Assets acquired |  |  |  |  |  |
Cash |  | $ | 71,489 |  |  | $ | — |  |  | $ | 71,489 |
Accounts receivable |  | 64,877 |  |  | 166 |  |  | 65,043 |
Other current assets |  | 10,470 |  |  | — |  |  | 10,470 |
Property and equipment |  | 1,561 |  |  | — |  |  | 1,561 |
Right-of-use asset |  | 13,191 |  |  | — |  |  | 13,191 |
Publisher relationships |  | 106,400 |  |  | (95) |  |  | 106,305 |
Developed technology |  | 86,900 |  |  | — |  |  | 86,900 |
Trade names |  | 32,100 |  |  | 474 |  |  | 32,574 |
Customer relationships |  | 31,400 |  |  | — |  |  | 31,400 |
Favorable lease |  | 1,483 |  |  | — |  |  | 1,483 |
Goodwill |  | 303,015 |  |  | (2,572) |  |  | 300,443 |
Other non-current assets |  | 851 |  |  | — |  |  | 851 |
Total assets acquired |  | $ | 723,737 |  |  | $ | (2,027) |  |  | $ | 721,710 |
Liabilities assumed |  |  |  |  |  |
Accounts payable |  | $ | 78,090 |  |  | $ | (1,501) |  |  | $ | 76,589 |
Accrued license fees and revenue share |  | 5,929 |  |  | — |  |  | 5,929 |
Accrued compensation |  | 52,929 |  |  | — |  |  | 52,929 |
Other current liabilities |  | 12,273 |  |  | (1,739) |  |  | 10,534 |
Current portion of debt |  | 25,789 |  |  | — |  |  | 25,789 |
Deferred tax liability, net |  | 25,213 |  |  | 3,627 |  |  | 28,840 |
Other non-current liabilities |  | 15,386 |  |  | — |  |  | 15,386 |
Total liabilities assumed |  | $ | 215,609 |  |  | $ | 387 |  |  | $ | 215,996 |
Total purchase price |  | $ | 508,128 |  |  | $ | (2,414) |  |  | $ | 505,714 |
The fair values of the assets acquired and liabilities assumed at the date of the AdColony Acquisition are presented as follows:
|  | April 29, 2021 |  | Measurement Period Adjustments |  | April 29, 2021 (adjusted)
Assets acquired |  |  |  |  |  |
Cash |  | $ | 24,793 |  |  | $ | — |  |  | $ | 24,793 |
Accounts receivable |  | 57,285 |  |  | — |  |  | 57,285 |
Other current assets |  | 1,845 |  |  | — |  |  | 1,845 |
Property and equipment |  | 1,566 |  |  | — |  |  | 1,566 |
Right-of-use asset |  | 2,460 |  |  | — |  |  | 2,460 |
Customer relationships |  | 102,400 |  |  | (600) |  |  | 101,800 |
Developed technology |  | 51,100 |  |  | — |  |  | 51,100 |
Trade names |  | 36,100 |  |  | (100) |  |  | 36,000 |
Publisher relationships |  | 4,400 |  |  | — |  |  | 4,400 |
Goodwill |  | 202,552 |  |  | (3,502) |  |  | 199,050 |
Other non-current assets |  | 131 |  |  | — |  |  | 131 |
Total assets acquired |  | $ | 484,632 |  |  | $ | (4,202) |  |  | $ | 480,430 |
Liabilities assumed |  |  |  |  |  |
Accounts payable |  | $ | 21,140 |  |  | $ | — |  |  | $ | 21,140 |
Accrued license fees and revenue share |  | 28,920 |  |  | — |  |  | 28,920 |
Accrued compensation |  | 8,453 |  |  | — |  |  | 8,453 |
Other current liabilities |  | 1,867 |  |  | — |  |  | 1,867 |
Deferred tax liability, net |  | 10,520 |  |  | (2,377) |  |  | 8,143 |
Other non-current liabilities |  | 1,770 |  |  | — |  |  | 1,770 |
Total liabilities assumed |  | $ | 72,670 |  |  | $ | (2,377) |  |  | $ | 70,293 |
Total purchase price |  | $ | 411,962 |  |  | $ | (1,825) |  |  | $ | 410,137 |
Summary of Pro Forma Information | The prior period year-to-date pro forma information is presented below. Adjustments for the Acquisitions were not a component in prior period quarter-to-date information and therefore does not differ from amounts presented on the condensed consolidated statements of operations and comprehensive income / (loss).
|  |  |  |  |  | Six months ended September 30,
|  |  |  |  |  |  |  | 2021
|  |  |  |  |  |  |  | Unaudited
|  |  |  |  |  |  |  | (in thousands, except per share amounts)
Net revenue |  |  |  |  |  |  |  | $ | 369,040 |
Net income / (loss) attributable to controlling interest |  |  |  |  |  |  |  | $ | (24,269) |
Basic net income / (loss) attributable to controlling interest per common share |  |  |  |  |  |  |  | $ | (0.26) |
Diluted net income / (loss) attributable to controlling interest per common share |  |  |  |  |  |  |  | $ | (0.26) |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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