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Business Combinations (Tables)
 9 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Consideration Transferred
Acquisition Consideration (Amounts in thousands, except for shares)
Cash (a)$288,079 
Common stock (849,852 shares)
97,656 
Total consideration transferred$385,735 
(a) Includes $8.3 million in tax liabilities to be paid by the Company on behalf of the sellers, within 90 days following the acquisition date, pursuant to the purchase agreement.
Schedule of Aggregate Fair Value of Assets Acquired and Liabilities Assumed The following table summarizes the Company's best initial estimate of the aggregate fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands).
Assets Acquired
Current Assets
Cash$1,471 
Accounts Receivable, net13,467 
Inventory46,313 
Short-Term Indemnity Assets (a)5,000 
Other Assets1,285 
Total Current Assets67,536 
Long-Term Assets
Property, Plant and Equipment28,832 
Trade Name (indefinite life)43,500 
Customer Lists (useful life of 15 years)
194,000 
Right-Of-Use Assets49,040 
Long-Term Indemnity Assets (a)7,500 
Other Long-term Assets2,850 
Total Long-Term Assets (b)325,722 
Total Assets Acquired393,258 
Liabilities Acquired
Current Liabilities
Accounts Payable4,074 
Accrued and Other Current Liabilities3,149 
Income Tax Payable529 
Lease Liabilities - Short-Term4,811 
Total Current Liabilities12,563 
Long-Term Liabilities
Deferred Tax Liabilities56,249 
Tax Contingency Reserve22,511 
Lease Liabilities - Long-Term45,369 
Total Long-Term Liabilities (c)124,129 
Total Liabilities Assumed136,692 
Total Identifiable Net Assets256,566 
Goodwill$129,169 
(a)    Short-term and long-term indemnity assets represents the $12.5 million of the purchase price held in the escrow account to offset potential income tax contingencies.
(b)    Included in other assets.
(c)    Included in other liabilities.
Unaudited Proforma Financial Information
Pursuant to Topic 805, unaudited supplemental proforma results of operations for the three and nine months ended December 31, 2020 and 2019, as if the acquisition of TRUaire had occurred on April 1, 2019, the first day of the Company's 2019 fiscal year, are presented below (in thousands, except per share amounts):

Three Months Ended December 31,Nine Months Ended December 31,
2020201920202019
Revenue, net$114,169 $109,409 $362,451 $358,693 
Net Income5,341 5,656 38,345 19,588 
Net earnings per common share:
Diluted$0.34 $0.35 $2.43 $1.22 
Basic0.34 0.35 2.45 1.23