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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Activity In Goodwill Balance

The following table summarizes the activities in the Company’s goodwill balance during the three months ended June 30, 2021 (in thousands):

As of March 31, 2021						$	429,604
Acquisition						20,721
Currency translation						(593)
As of June 30, 2021						$	449,732

On May 19, 2021, the Company made an immaterial technology acquisition for a total cash consideration of $25.6 million, including up to $10.0 million earn-out payable in cash upon the achievement of three technical development milestones required to be completed for periods ending December 31, 2021, June 30, 2022, and June 30, 2023, which was accounted for using the acquisition method. The Company retained 6% of the total consideration for the purpose of ensuring seller's representations and warranties.

Schedule of Intangible Assets Subject to Amortization

The Company's acquired intangible assets subject to amortization were as follows (in thousands):

						June 30, 2021																		March 31, 2021
						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Trademark and trade names						$	46,167					$	(26,741)					$	19,426					$	46,070					$	(25,153)					$	20,917
Developed technology						140,231						(94,517)						45,714						134,406						(90,450)						43,956
Customer contracts/relationships						91,012						(47,449)						43,563						91,010						(44,261)						46,749
In-process R&D						3,526						—						3,526						3,526						—						3,526
Total						$	280,936					$	(168,707)					$	112,229					$	275,012					$	(159,864)					$	115,148

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ 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

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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