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Business Acquisitions (Tables) | 12 Months Ended
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Mar. 31, 2021
Business Combinations [Abstract] |
Fair Value of Consideration Transferred | The fair value of consideration transferred for the Mevo Acquisition consists of the following (in thousands):
|  | Consideration
Purchase price (cash) |  | $ | 33,186 |
Fair value of contingent consideration (earn-out) |  | 3,430 |
Fair value of total consideration transferred |  | $ | 36,616 |
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 Mevo Acquisition Date (in thousands):
|  | Estimated Fair Value
Cash and cash equivalents |  | $ | 418 |
Accounts receivable |  | 1,125 |
Inventories, net |  | 1,927 |
Other current assets |  | 1,245 |
Fixed assets, net |  | 156 |
Other long-term assets |  | 968 |
Intangible assets |  | 11,300 |
Other identifiable liabilities assumed, net |  | (3,390) |
Net identifiable assets acquired |  | $ | 13,749 |
Goodwill |  | 22,867 |
Net assets acquired |  | $ | 36,616 |
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 estimated fair values and estimated useful lives of the components of identifiable intangible assets acquired as of the Mevo Acquisition Date (Dollars in thousands):
| Fair Value |  | Estimated Useful Life (years)
Developed technology | $ | 10,400 |  |  | 5.0
Customer relationships | 400 |  |  | 1.0
Trade name | 500 |  |  | 2.0
Total identifiable intangible assets acquired | $ | 11,300 |  |  |
The following table summarizes the 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 |  |  |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + 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=121647850&loc=d3e4845-128472 + Details
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