XML 45 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the six months ended September 30, 2017 are as follows (in thousands):
Balance at March 31, 2017
$
1,718,162

Goodwill acquired during the quarter ended September 30, 2017
6,077

Foreign currency translation impact
(8,378
)
Balance as of September 30, 2017
$
1,715,861
Schedule of Intangible Assets
Intangible assets include the indefinite-lived trade name with a carrying value of $18.6 million and the following amortizable intangible assets at September 30, 2017 (in thousands):

Cost

Accumulated
Amortization

Net
Developed technology
$
258,729

 
$
(129,824
)
 
$
128,905

Customer relationships
841,876

 
(139,317
)
 
702,559

Distributor relationships and technology licenses
8,961

 
(4,283
)
 
4,678

Definite-lived trademark and trade name
44,230

 
(15,364
)
 
28,866

Core technology
7,280

 
(6,414
)
 
866

Net beneficial leases
336

 
(336
)
 
—

Non-compete agreements
306

 
(306
)
 
—

Leasehold interest
2,600

 
(1,484
)
 
1,116

Backlog
18,434

 
(18,429
)
 
5

Capitalized software
3,157

 
(1,094
)
 
2,063

Other
1,208

 
(892
)
 
316

 
$
1,187,117

 
$
(317,743
)
 
$
869,374

Intangible assets include the indefinite-lived trade name with a carrying value of $18.6 million and the following amortizable intangible assets at March 31, 2017 (in thousands):

Cost

Accumulated
Amortization

Net
Developed technology
$
254,005

 
$
(110,200
)
 
$
143,805

Customer relationships
831,731

 
(105,319
)
 
726,412

Distributor relationships and technology licenses
8,290

 
(3,068
)
 
5,222

Definite-lived trademark and trade name
43,817

 
(12,078
)
 
31,739

Core technology
7,108

 
(6,009
)
 
1,099

Net beneficial leases
336

 
(336
)
 
—

Non-compete agreements
278

 
(278
)
 
—

Leasehold interest
2,600

 
(998
)
 
1,602

Backlog
18,142

 
(18,133
)
 
9

Capitalized software
3,047

 
(594
)
 
2,453

Other
1,208

 
(880
)
 
328


$
1,170,562

 
$
(257,893
)

$
912,669
Finite-lived Intangible Assets Amortization Expense
The following table provides a summary of amortization expense for the three and six months ended September 30, 2017 and 2016, respectively (in thousands):
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Amortization of intangible assets included as:
 
 
 
 
 
 
 
    Product revenue
$
2

 
$
2,869

 
$
4

 
$
5,746

    Cost of product revenue
10,129

 
10,757

 
19,943

 
21,429

    Operating expense
18,303

 
17,636

 
36,692

 
35,263

 
$
28,434

 
$
31,262

 
$
56,639

 
$
62,438
Schedule of Expected Future Amortization Expense
The following is the expected future amortization expense at September 30, 2017 for the fiscal years ending March 31 (in thousands):
2018 (remaining six months)
$
56,710

2019
107,775

2020
98,421

2021
86,287

2022
75,155

Thereafter
445,026


$
869,374