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Note 4 - Significant Transactions - Unaudited Pro Forma Information (Details) - Agena [Member] - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Pro forma total revenues (1) [1] $ 222,612 $ 214,206
Pro forma net income (2) [2] $ 6,193 $ (3,879)
[1] Net revenues were adjusted to include net revenues of Agena.
[2] Pro forma adjustments to net earnings attributable to Mesa include the following: Excludes acquisition-related transaction costs incurred in the year ended March 31, 2022. Excludes interest expense attributable to Agena external debt that was paid off as part of the acquisition. Amortization expense of $15,636 for the years ended March 31, 2022 and 2021, respectively, based on the fair value of amortizable intangible assets acquired. $7,462 was excluded from the year ended March 31, 2022 based on the step up value of inventory which would have been fully amortized within the first six months of the acquisition. Additional charge to cost of revenues of $7,462 was included in the year ended March 31, 2021 based on the step up value of inventory Additional stock based compensation expense representing expense for performance share units awarded to certain key Agena employees. Income tax effect of applicable adjustments made at a blended federal and state statutory rate (approximately 26%).