XML 15 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2019 as follows (in thousands):
Balance at March 31, 2019
$
1,715,485

Goodwill attributed to the Eastwind acquisition
1,003

Foreign currency translation impact
2,008

Balance at December 31, 2019
$
1,718,496


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 December 31, 2019 (in thousands):

Cost

Accumulated
Amortization

Net
Developed technology
$
245,850

 
$
(186,356
)
 
$
59,494

Customer relationships
770,696

 
(261,595
)
 
509,101

Distributor relationships and technology licenses
6,843

 
(6,104
)
 
739

Definite-lived trademark and trade name
39,205

 
(24,894
)
 
14,311

Core technology
7,192

 
(7,016
)
 
176

Net beneficial leases
336

 
(336
)
 

Non-compete agreements
292

 
(292
)
 

Leasehold interest
500

 
(500
)
 

Backlog
16,327

 
(16,327
)
 

Capitalized software
3,317

 
(3,152
)
 
165

Other
1,208

 
(938
)
 
270

 
$
1,091,766

 
$
(507,510
)
 
$
584,256

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, 2019 (in thousands):

Cost

Accumulated
Amortization

Net
Developed technology
$
242,259

 
$
(168,289
)
 
$
73,970

Customer relationships
772,969

 
(218,043
)
 
554,926

Distributor relationships and technology licenses
6,882

 
(5,237
)
 
1,645

Definite-lived trademark and trade name
39,304

 
(20,586
)
 
18,718

Core technology
7,192

 
(6,845
)
 
347

Net beneficial leases
336

 
(336
)
 

Non-compete agreements
292

 
(292
)
 

Leasehold interest
500

 
(500
)
 

Backlog
16,397

 
(16,397
)
 

Capitalized software
3,317

 
(2,690
)
 
627

Other
1,208

 
(923
)
 
285


$
1,090,656

 
$
(440,138
)

$
650,518


Finite-lived Intangible Assets Amortization Expense The following table provides a summary of amortization expense for the three and nine months ended December 31, 2019 and 2018, respectively (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2019
 
2018
 
2019
 
2018
Amortization of intangible assets included as:
 
 
 
 
 
 
 
    Cost of product revenue
$
6,564

 
$
8,176

 
20,043

 
25,858

    Operating expense
16,125

 
16,438

 
48,410

 
57,894

 
$
22,689

 
$
24,614

 
$
68,453

 
$
83,752


Schedule of Expected Future Amortization Expense
The following is the expected future amortization expense at December 31, 2019 for the fiscal years ending March 31 (in thousands):
2020 (remaining three months)
$
22,682

2021
79,857

2022
69,462

2023
61,758

2024
53,667

Thereafter
296,830


$
584,256