RELATED PARTY TRANSACTIONS

During the Company's fiscal year ended March 31, 2016 and the three months ended June 30, 2016, a member of the Company’s Board of Directors served as an executive officer of Danaher. As part of the split off of Danaher’s Communications Business and the Company’s subsequent acquisition of that business from Newco's shareholders, NetScout entered into multiple transactions with Danaher which include: transition services agreements, lease agreements, closing agreements, and compensation for post-combination services provisions within the separation and distribution agreement. This board member is now the founding President and CEO of Fortive Corporation (Fortive), which spun off of Danaher in July 2016. As of September 12, 2018, this person is no longer serving on the Company's Board of Directors. As part of the spin-off of Fortive, the transition services agreement was amended to, among other things, assign Danaher's rights, duties, obligations and liabilities under the transition services agreement to Fluke Corporation, a subsidiary of Fortive. The Company has disclosed the transactions with Danaher and Fortive parenthetically within the financial statements.

As disclosed parenthetically within the Company's consolidated balance sheet, the Company has receivables from related parties. The following table summarizes those balances (in thousands):



	March 31, 2019		March 31, 2018
Danaher	$	—	$	252
Fortive	335		2,935
	$	335	$	3,187

As disclosed parenthetically within the Company's consolidated balance sheet, the Company has payables due to related parties. The following table summarizes those balances (in thousands):



	March 31, 2019		March 31, 2018
Fortive	$	244	$	369
	$	244	$	369

As disclosed parenthetically within the Company's consolidated statements of operations, the Company has recorded expenses from related parties. The following table summarizes those balances (in thousands):



	Year Ended March 31,
	2019		2018			2017
Danaher:
Cost of product revenue	$	—	$	—		$	4,690
Cost of service revenue	—		—			485
Research and development expenses	—		—			1,720
Sales and marketing	—		2			2,273
General and administrative expenses	—		7			2,551
	$	—	$	9		$	11,719
Fortive:
Cost of product revenue	$	—	$	245		$	2,539
Cost of service revenue	529		665			260
Research and development expenses	20		3			(96		)
Sales and marketing	—		—			150
General and administrative expenses	20		1,696			1,548
Other income	—		(56		)	(426		)
	$	569	$	2,553		$	3,975

As disclosed within the Company's consolidated statements of cash flows, the Company has cash flows from operating activities resulting from amounts due to related parties and due from related parties. The following table summarizes those cash flows from operating activities (in thousands):



	Year Ended March 31,
	2019			2018			2017
Due from related party:
Danaher	$	58		$	96		$	17,310
Fortive	114			347			7,745
Total	$	172		$	443		$	25,055

Due to related party:
Danaher	$	243		$	—		$	(2,954	)
Fortive	(9		)	(75		)	162
Total	$	234		$	(75	)	$	(2,792	)

As disclosed within the Company's consolidated statements of cash flows, the Company has cash flows from investing activities resulting from amounts due from related parties. The following table summarizes those cash flows from investing activities (in thousands):



	Year Ended March 31,
	2019		2018		2017
Due from related party:
Danaher	$	—	$	—	$	12,864
Total	$	—	$	—	$	12,864

The Company recognized $0, $45 thousand, and $177 thousand in revenue from Danaher during the fiscal years ended March 31, 2019, 2018, and 2017 in the ordinary course of business.

A member of the Company’s Board of Directors served as a member of the board of directors for EMC Corporation (EMC) during the fiscal years ended March 31, 2017 and 2016, and therefore, the Company considered sales to EMC to be a related party transaction. During the quarter ended September 30, 2016, EMC was acquired by Dell Technologies and EMC's board member resigned. The Company continued to report the wind down of preexisting transactions as related party transactions through the Company's fiscal year 2017. The Company recognized $167 thousand in revenue from EMC during the fiscal year ended March 31, 2017 in the ordinary course of business.

A member of the Company’s Board of Directors served as a trustee for Boston College during the fiscal years ended March 31, 2017 and 2016 and a portion of the fiscal year ended March 31, 2018 and therefore, the Company considers sales to Boston College to be a related party transaction. The Company recognized $150 thousand and $0 in revenue from Boston College during the fiscal years ended March 31, 2018 and 2017, respectively, in the ordinary course of business.