ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation (in thousands):

	January 18, 2022
Fair value of consideration transferred	$	213,784
Estimated fair value of assets acquired:
Cash and cash equivalents	$	6,081
Accounts receivable	15,110
Other current assets	2,857
Property and equipment	1,406
Operating lease, right-of-use assets	7,261
Intangible assets	119,400
Restricted cash, non-current	868
Other assets	176
Total assets acquired	$	153,159
Estimated fair value of liabilities assumed:
Accounts payable	$	(3,250)
Accrued compensation	(3,590)
Accrued taxes	(16,510)
Operating lease liabilities, current	(2,570)
Deferred revenue, current	(14,765)
Other accrued liabilities	(14,420)
Operating lease liabilities, non-current	(4,341)
Deferred revenue, net of current portion	(10,229)
Other liabilities, non-current	(5,817)
Total liabilities assumed	$	(75,492)
Total identifiable net assets	77,667
Goodwill	136,117
Fair value of consideration transferred	$	213,784

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the components of intangible assets acquired and their estimated useful lives as of the acquisition date:

	Fair Value		Useful life (in Years)
Customer relationships	$	99,400	9
Developed technology	19,500		3
Trade name, trademarks, and domain names	500		1
Total intangible assets	$	119,400

Schedule of Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated results of operations are based on the assumption as if the Fuze acquisition was completed as of April 1, 2020:

	Year ended March 31,
(In thousands, except per share amounts)	2022		2021
	Unaudited
Revenue	$	737,660	$	657,755
Net loss	$	(216,909)	$	(257,673)
Net loss per share (basic and diluted)	$	(1.84)	$	(2.36)