Schedule of Business Acquisitions, by Acquisition |
The following table summarizes the cumulative consideration paid and the preliminary allocation of the purchase price paid for Tracepoint and Liberty: | | | | | | | | | | | | | | | | Cash consideration (gross of cash acquired and including net adjustments) | | | | | | | $ | 789,108 | | Fair value of non-controlling interest | | | | | | | 79,997 | | Total purchase consideration | | | | | | | 869,105 | | | | | | | | | | Purchase price allocation: | | | | | | | | Cash | | | | | | | 9,096 | | Current assets | | | | | | | 57,562 | | Operating lease right-of-use asset | | | | | | | 2,532 | | Other long-term assets | | | | | | | 2,495 | | Intangible assets | | | | | | | 399,500 | | Current liabilities | | | | | | | (41,216) | | Operating lease liabilities-current | | | | | | | (1,017) | | Operating lease liabilities-long term | | | | | | | (1,516) | | Total fair value of identifiable net assets acquired | | | | | | | $ | 427,436 | | | | | | | | | | Preliminary goodwill | | | | | | | $ | 441,669 | |
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Schedule of Finite-Lived Intangible Assets |
Intangible assets consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2021 | | March 31, 2021 | | | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | | | | | | | | | | | | | | Amortizable intangible assets: | | | | | | | | | | | | | | Customer relationships and other amortizable intangible assets(1) | | | $ | 481,900 | | | $ | 69,366 | | | $ | 412,534 | | | $ | 82,400 | | | $ | 50,503 | | | $ | 31,897 | | Software | | | 121,518 | | | 41,972 | | | 79,546 | | | 114,972 | | | 29,941 | | | 85,031 | | Total amortizable intangible assets | | | $ | 603,418 | | | $ | 111,338 | | | $ | 492,080 | | | $ | 197,372 | | | $ | 80,444 | | | $ | 116,928 | | Unamortizable intangible assets: | | | | | | | | | | | | | | Trade name | | | $ | 190,200 | | | $ | — | | | $ | 190,200 | | | $ | 190,200 | | | $ | — | | | $ | 190,200 | | Total | | | $ | 793,618 | | | $ | 111,338 | | | $ | 682,280 | | | $ | 387,572 | | | $ | 80,444 | | | $ | 307,128 | |
(1)The increase in the carrying amount of customer relationships and other amortizable intangible assets was attributable to the Company's acquisitions of Liberty and Tracepoint.
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table summarizes the remainder of fiscal 2022 and estimated annual amortization expense for future periods: | | | | | | Fiscal Year Ending | | Remainder of 2022 | $ | 44,563 | | 2023 | 82,319 | | 2024 | 68,904 | | 2025 | 59,591 | | 2026 | 52,732 | | Thereafter | 183,971 | | | $ | 492,080 | |
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