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Business Acquisitions (Tables)

12 Months Ended

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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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.

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-SubTopic 20
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