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ACQUISITIONS (Tables) | 12 Months Ended
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Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the purchase price allocation (in thousands):
|  | January 18, 2022
Fair value of consideration transferred |  | $ | 213,784 |
Estimated fair value of assets acquired: |  |
Cash and cash equivalents |  | $ | 6,081 |
Accounts receivable |  | 15,110 |
Other current assets |  | 2,857 |
Property and equipment |  | 1,406 |
Operating lease, right-of-use assets |  | 7,261 |
Intangible assets |  | 119,400 |
Restricted cash, non-current |  | 868 |
Other assets |  | 176 |
Total assets acquired |  | $ | 153,159 |
Estimated fair value of liabilities assumed: |  |
Accounts payable |  | $ | (3,250) |
Accrued compensation |  | (3,590) |
Accrued taxes |  | (16,510) |
Operating lease liabilities, current |  | (2,570) |
Deferred revenue, current |  | (14,765) |
Other accrued liabilities |  | (14,420) |
Operating lease liabilities, non-current |  | (4,341) |
Deferred revenue, net of current portion |  | (10,229) |
Other liabilities, non-current |  | (5,817) |
Total liabilities assumed |  | $ | (75,492) |
Total identifiable net assets |  | 77,667 |
Goodwill |  | 136,117 |
Fair value of consideration transferred |  | $ | 213,784 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table summarizes the components of intangible assets acquired and their estimated useful lives as of the acquisition date:
|  | Fair Value |  | Useful life (in Years)
Customer relationships |  | $ | 99,400 |  |  | 9
Developed technology |  | 19,500 |  |  | 3
Trade name, trademarks, and domain names |  | 500 |  |  | 1
Total intangible assets |  | $ | 119,400 |  |  |
Schedule of Business Acquisition, Pro Forma Information | The following unaudited pro forma consolidated results of operations are based on the assumption as if the Fuze acquisition was completed as of April 1, 2020:
|  | Year ended March 31,
(In thousands, except per share amounts) |  | 2022 |  | 2021
|  | Unaudited
Revenue |  | $ | 737,660 |  |  | $ | 657,755 |
Net loss |  | $ | (216,909) |  |  | $ | (257,673) |
Net loss per share (basic and diluted) |  | $ | (1.84) |  |  | $ | (2.36) |

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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 http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + 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=123413009&loc=d3e4845-128472 + Details
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