ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2013

Summary of Allocation of Purchase Price

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

Allocation of the purchase consideration:
Current assets, including cash and cash equivalents of $547	$	2,310
Fixed assets		85
Identifiable intangible assets		4,950
Goodwill		15,313
Total assets acquired		22,658
Current liabilities		(74	)
Deferred revenue		(715	)
Deferred income tax liabilities		(1,632	)
	$	20,237

Pro Forma Results of Consolidated Statement of Operations

The following table presents unaudited pro forma results of the historical Consolidated Statements of Operations of the Company and ONPATH, Accanto, Simena and Replay for the years ended March 31, 2013 and 2012, giving effect to the mergers as if they occurred on April 1, 2011 (in thousands, except per share data):

	Year Ended March 31, (unaudited)
	2013		2012
Pro forma revenue	$	361,086	$	338,720
Pro forma net income	$	34,589	$	10,594
Pro forma income per share:
Basic	$	0.83	$	0.25
Diluted	$	0.82	$	0.25
Pro forma shares outstanding
Basic		41,665		42,035
Diluted		42,322		42,750

Onpath

Summary of Allocation of Purchase Price

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

Allocation of the purchase consideration:
Current assets, including cash and cash equivalents of $527	$	8,356
Fixed assets		784
Identifiable intangible assets		10,970
Goodwill		20,590
Deferred tax asset		6,663
Other assets		1,432
Total assets acquired		48,795
Current liabilities		(6,414	)
Deferred revenue		(921	)
Deferred income tax liabilities		(4,660	)
	$	36,800

Fair Value of Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

	Fair Value		Useful Life (Years)
Developed technology	$	4,970		8
Customer relationships		6,000		7
	$	10,970

Simena

Summary of Allocation of Purchase Price

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

Allocation of the purchase consideration:
Current assets	$	2,300
Identifiable intangible assets		4,470
Goodwill		14,013
Total assets acquired		20,783
Current liabilities		(338	)
Deferred revenue		(759	)
Contractual non-compliance liability		(1,600	)
Contingent consideration		(8,000	)
Fair value of consideration transferred	$	10,086

Fair Value of Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

	Fair Value		Useful Life (Years)
Acquired technology	$	2,740		10
Customer relationships		1,730		10
	$	4,470

Acquisition Date Estimated Fair Value of Consideration

The total acquisition date fair value of the consideration was estimated at $18.1 million as follows (in thousands):

Initial cash payment	$	10,086
Estimated fair value of contingent consideration obligation		8,000
Total consideration	$	18,086

Replay

Fair Value of Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

	Fair Value		Useful Life (Years)
Acquired software	$	1,100		6
Customer relationships		1,400		10
Core technology		2,100		10
Non-compete agreements		350		3
	$	4,950

Psytechnics

Summary of Allocation of Purchase Price

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

Allocation of the purchase consideration:
Current assets, including cash and cash equivalents of $69	$	1,099
Fixed assets		50
Identifiable intangible assets		4,350
Goodwill		13,179
Total assets acquired		18,678
Current liabilities		(1,198	)
Deferred revenue		(466	)
	$	17,014

Fair Value of Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

	Fair Value		Useful Life (Years)
Acquired software	$	1,200		5
Customer relationships		450		10
Core technology		2,700		10
	$	4,350

Accanto Systems Srl

Summary of Allocation of Purchase Price

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

Allocation of the purchase consideration:
Current assets	$	389
Fixed assets		237
Identifiable intangible assets		5,280
Goodwill		11,157
Total assets acquired		17,063
Current liabilities		(839	)
Deferred revenue		(240	)
Deferred income tax liabilities		(984	)
	$	15,000

Fair Value of Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

	Fair Value		Useful Life (Years)
Developed technology	$	3,500		8
Distributor relationships		1,780		6
	$	5,280