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Business Acquisitions (Tables)

12 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Fair Value of Consideration Transferred

The fair value of consideration transferred for the Streamlabs Acquisition consists of the following (in thousands):

		Consideration
Purchase price (cash)		$	105,645
Fair value of contingent consideration (earn-out)		$	37
Fair value of total consideration transferred		$	105,682

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the Blue Microphones Acquisition Date (in thousands):

		Estimated Fair Value
Cash and cash equivalents		$	1,110
Accounts receivable		10,979
Inventories		19,546
Other current assets		997
Property, plant and equipment		452
Intangible assets		55,567
Total identifiable assets acquired		$	88,651
Accounts payable		(10,322		)
Accrued liabilities		(11,162		)
Other long-term liabilities		(661		)
Net identifiable assets acquired		$	66,506
Goodwill		68,269
Net assets acquired		$	134,775

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the Streamlabs Acquisition Date, and the value of goodwill resulting from the measurement period adjustments in the three months ending March 31, 2020 (in thousands):

		Estimated Fair Value
Cash and cash equivalents		$	17,014
Intangible assets		$	37,000
Other identifiable liabilities assumed, net		$	(3,701	)
Net identifiable assets acquired		50,313
Contingent consideration (earn-out)		$	(37	)
Goodwill		$	55,406
Net assets acquired		$	105,682

Estimated Fair Values and Useful Lives of Identifiable Intangible Assets

The following table summarizes the preliminary estimated fair values and estimated useful lives of the components of identifiable intangible assets acquired as of the Streamlabs Acquisition Date (Dollars in thousands):

	Fair Value				Estimated Useful Life (years)
Developed technology	$	21,800			6.0
Customer relationships	6,000				2.0
Trade name	9,200				8.0
Total identifiable intangible assets acquired	$	37,000			5.9

Schedule of Intangible Assets Acquired

The following table summarizes the estimated fair values and estimated useful lives of the components of intangible assets acquired as of the Blue Microphones Acquisition Date (Dollars in thousands):

	Fair Value				Estimated Useful Life (years)
Developed technology	$	17,967			5.0
Customer relationships	25,100				10.0
Trademark and trade name	12,500				7.0
Total intangible assets acquired	$	55,567			7.7

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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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.

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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

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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.

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