Acquisitions (Tables)

12 Months Ended

Mar. 31, 2020

Business Acquisition [Line Items]

Summary of Consolidated Balance Sheet Impact at Acquisition of Company's Business Combinations

The following table summarizes the consolidated balance sheet impact at acquisition of the Company’s business combinations that occurred in the year ended March 31, 2020:

													Spectrum
	C3			This Works			BioSteel			BCT			UK			S&B
	(i)			(ii)			(iii)			(iv)			(iv)			28(b)(v)			Total
Cash and cash equivalents	$	2,818		$	1,619		$	225		$	7,886		$	-		$	-		$	12,548
Other current assets		15,140			8,239			12,972			2,296			67			-			38,714
Property, plant and equipment		8,345			478			391			5			895			-			10,114
Intangible assets
Brands		10,613			22,114			3,600			-			-			-			36,327
Distribution channel		4,058			12,988			14,700			-			-						31,746
Operating licenses		-			-			-			-			1,158						1,158
Intellectual property		36,520			16,848			20,900			5,267			-			24,990			104,525
Software and domain names		8			176			541			-			-			-			725
Goodwill		287,010			22,214			35,939			85,700			12,861			(24,990	)		418,734
Accounts payable and other accrued expenses and liabilities		(3,652	)		(4,100	)		(3,852	)		(2,176	)		(922	)		-			(14,702	)
Debt and other liabilities		(3,942	)		-			(3,659	)		-			-						(7,601	)
Deferred income tax liabilities		(11,219	)		(7,911	)		(3,817	)		(838	)		(36	)		-			(23,821	)
Net assets	$	345,699		$	72,665		$	77,940		$	98,140		$	14,023		$	-		$	608,467
Noncontrolling interests		-			-			(18,733	)		-			-			-			(18,733	)
Net assets acquired	$	345,699		$	72,665		$	59,207		$	98,140		$	14,023		$	-		$	589,734
Consideration paid in cash	$	345,699		$	72,665		$	47,924		$	45,098		$	-		$	-		$	511,386
Fair value of previously held equity interest		-			-			-			37,919			14,023			-			51,942
Replacement options		-			-			-			1,885			-			-			1,885
Other consideration		-			-			11,283			13,238			-			-			24,521
Total consideration	$	345,699		$	72,665		$	59,207		$	98,140		$	14,023		$	-		$	589,734
Consideration paid in cash	$	345,699		$	72,665		$	47,924		$	45,098		$	-		$	-		$	511,386
Less: Cash and cash equivalents acquired		(2,818	)		(1,619	)		(225	)		(7,886	)		-			-			(12,548	)
Net cash outflow	$	342,881		$	71,046		$	47,699		$	37,212		$	-		$	-		$	498,838

The following table summarizes the consolidated balance sheet impact at acquisition of the Company’s business combinations that occurred in the year ended March 31, 2019:

	CHI			Hiku			ebbu			POS			S&B
	(i)			(ii)			(iii)			(iv)			(v)			Other			Total
Cash and cash equivalents	$	8,369		$	4,089		$	-		$	2,908		$	1,056		$	(37	)	$	16,385
Other current assets		177			6,327			138			12,992			8,363			83			28,080
Property, plant and equipment		121			15,846			1,821			9,541			23,609			-			50,938
Investments		8,563			1,204			-			-			-			-			9,767
Intangible assets
Brands		-			17,000			-			-			38,463			-			55,463
Distribution channel		-			-			-			-			3,143			-			3,143
Operating licenses		-			37,300			-			-			-			-			37,300
Intellectual property		20,000			-			51,600			23,300			58,816			-			153,716
Software and domain names		-			103			-			328			276			-			707
Goodwill		137,445			539,331			327,013			93,248			117,175			1,538			1,215,750
Accounts payable and other accrued expenses and liabilities		(954	)		(3,691	)		-			(4,172	)		(4,490	)		(16	)		(13,323	)
Debt and other liabilities		-			(1,954	)		(665	)		(3,145	)		(28,247	)		-			(34,011	)
Deferred income tax liabilities		(4,806	)		(14,598	)		(13,731	)		(6,042	)		(23	)		-			(39,200	)
Net assets		168,915			600,957			366,176			128,958			218,141			1,568			1,484,715
Noncontrolling interests		-			-			-			-			-			-			-
Net assets acquired	$	168,915		$	600,957		$	366,176		$	128,958		$	218,141		$	1,568		$	1,484,715
Consideration paid in cash	$	-		$	11,994		$	16,060		$	128,958		$	203,786		$	-		$	360,798
Consideration paid in shares		98,034			543,866			234,052			-			-			1,568			877,520
Gain on fair value of previously held    equity interest		62,682			-			-			-			-			-			62,682
Replacement options		8,199			13,537			-			-			-			-			21,736
Replacement warrants		-			30,611			-			-			-			-			30,611
Other consideration		-			949			-			-			-			-			949
Contingent consideration		-			-			116,064			-			14,355			-			130,419
Total consideration	$	168,915		$	600,957		$	366,176		$	128,958		$	218,141		$	1,568		$	1,484,715
Consideration paid in cash	$	-		$	11,994		$	16,060		$	128,958		$	203,786		$	-		$	360,798
Less: Cash and cash equivalents acquired		(8,369	)		(4,089	)		-			(2,908	)		(1,056	)		37			(16,385	)
Net cash outflow	$	(8,369	)	$	7,905		$	16,060		$	126,050		$	202,730		$	37		$	344,413

The following table summarizes the consolidated balance sheet impact at acquisition of the Company’s business combinations that occurred in the year ended March 31, 2018:

	Tweed
	Grasslands			Tweed JA			Odense
	(i)			(ii)			(iii)			Other			Total
Cash and cash equivalents	$	59		$	125		$	-		$	7		$	191
Other current assets		22			3,669			173			121			3,985
Property, plant and equipment		1,446			182			3,990			468			6,086
Goodwill		29,736			3,745			-			1,562			35,043
Accounts payable and other accrued expenses and liabilities		(336	)		(29	)		-			(143	)		(508	)
Debt and other liabilities		-			-			(297	)		-			(297	)
Net assets		30,927			7,692			3,866			2,015			44,500
Noncontrolling interests		-			(3,923	)		-			(964	)		(4,887	)
Net assets acquired	$	30,927		$	3,769		$	3,866		$	1,051		$	39,613
Consideration paid in cash	$	450		$	100		$	3,228		$	166		$	3,944
Consideration paid in shares		6,381			-			-			1,849			8,230
Future cash consideration		-			3,669			-			-			3,669
Replacement options		1,079			-			-			-			1,079
Replacement warrants		1,303			-			-			-			1,303
Contingent consideration		21,714			-			-			-			21,714
Total consideration	$	30,927		$	3,769		$	3,228		$	2,015		$	39,939
Consideration paid in cash	$	450		$	100		$	3,228		$	166		$	3,944
Less: Cash and cash equivalents acquired		(59	)		(125	)		-			(7	)		(191	)
Net cash outflow	$	391		$	(25	)	$	3,228		$	159		$	3,753

Summary of Disposal of Consolidated Entity

Current assets	$	2,043
Property, plant and equipment		6,962
Intangible assets		26,282
Goodwill		2,259
Accounts payable, accrued and other liabilities		(2,267	)
Deferred income tax liabilities		(5,699	)
Net assets disposed	$	29,580
Fair value of retained interest		38,400
Gain on disposal of consolidated entity	$	8,820

C3

Business Acquisition [Line Items]

Summary of Measurement Period Adjustments

The Company has finalized the purchase price allocation to the individual assets acquired and liabilities assumed using the acquisition method. The measurement period adjustments include: 

				Useful life
Measurement period impact	Adjustments			(years)	Valuation methodology
Acquisition related intangible assets
Distribution channel	$	4,058		10	Income approach
Intellectual property		36,520		10	Relief-from-royalty
Licensed brands		10,613		2	Relief-from-royalty
Other adjustments
Inventory step-up		1,814
Deferred income tax liabilities		(11,219	)
Net impact to goodwill	$	(41,786	)

This Works

Business Acquisition [Line Items]

Summary of Measurement Period Adjustments

The Company has finalized the purchase price allocation to the individual assets acquired and liabilities assumed using the acquisition method. The measurement period adjustments include:

				Useful life
Measurement period impact	Adjustments			(years)		Valuation methodology
Acquisition related intangible assets
Acquired brands	$	19,130		Indefinite		Relief-from-royalty
Distribution channel		12,988			10	Income approach using a multi-period excess earnings method
Intellectual property		16,848			10	Replacement cost
Licensed brands		2,984			5	Income approach using a multi-period excess earnings method
Other adjustments
Inventory step-up		1,755
Deferred income tax liabilities		(7,911	)
Net Impact to Goodwill	$	(45,794	)

BioSteel

Business Acquisition [Line Items]

Summary of Measurement Period Adjustments

The Company has finalized the purchase price allocation to the individual assets acquired and liabilities assumed using the acquisition method. The measurement period adjustments include:

				Useful life
Measurement period impact	Adjustments			(years)		Valuation methodology
Acquisition related intangible assets
Acquired brands	$	3,600		Indefinite		Relief-from-royalty
Distribution channel		14,700			11	Income approach using a multi-period excess earnings method
Intellectual property		20,900			11	Relief-from-royalty, net of product migration
Other adjustments
Inventory step-up		2,710
Deferred income tax liabilities		(3,817	)
Net impact to goodwill	$	(38,093	)

BCT and Spectrum UK

Business Acquisition [Line Items]

Summary of Measurement Period Adjustments

The Company has finalized the purchase price allocation to the individual assets acquired and liabilities assumed using the acquisition method. The measurement period adjustments include:

				Useful life
Measurement period impact	Adjustments			(years)		Valuation methodology
Acquisition related intangible assets
Intellectual property	$	5,267			1	Replacement cost
Operating license		1,158			1	Replacement cost
Other adjustments
Deferred income tax liabilities		(874	)
Net impact to goodwill	$	(5,551	)