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Business Acquisitions Business Acquisition (Tables)

9 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Fair Value of Consideration Transferred

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

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 preliminary estimated fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):

		Estimated Fair Value
Cash and cash equivalents		$	17,014
Intangible assets		37,000
Other identifiable liabilities assumed, net		(3,635		)
Net identifiable assets acquired		50,379
Contingent consideration (earn-out)		(37		)
Goodwill		55,340
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 Acquisition Date (Dollars in thousands):

	Preliminary 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

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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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- Definition

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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