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Acquisitions (Tables)
12 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The following table presents the purchase price allocation recorded in the Company's consolidated balance sheet on acquisition date and upon finalization during the quarter ended September 30, 2020. A $0.3 million adjustment was recorded in the quarter ended September 30, 2020 and included in the table below (in thousands):
Net tangible assets $1,978 
Goodwill (1)
14,357 
Intangible assets 12,340 
Net deferred tax liability(2,752)
Total purchase price consideration $25,923 
(1)
The goodwill represents the excess value over both tangible and intangible assets acquired and liabilities assumed. The goodwill recognized in this transaction is primarily attributable to expected operational synergies. None of the goodwill is expected to be deductible for tax purposes.
Intangible Assets
Fair ValueEstimated Useful Life
(in thousands)(in years)
Customer relationships — retailers
$8,800 10
Customer relationships — e-commerce
40 3
Trademarks3,500 10
Total identified intangible assets$12,340