Acquisitions and Disposals (Tables) - DT Media (Appia)

12 Months Ended

Mar. 31, 2017

Summary of Final Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of acquisition.

Cash	$	1,363
Accounts receivable	7,364
Prepaid expenses and other assets	171
Property, plant and equipment	229
Developed technology	7,700
Advertiser relationships	6,500
Publisher relationships	3,200
Trade names/trademarks	380
Goodwill	69,312
Accounts payable	(5,179		)
Accrued expenses	(4,531		)
Debt	(11,600		)
Purchase price	$	74,909

Amortization Period for Intangible Assets Acquired

The amortization period for the intangible assets acquired in the DT Media transaction is as follows:

	Useful Life
Developed technology	4 years
Trade names/trademarks	2 years
Publisher relationships	2 years
Advertiser relationships	2 years
Goodwill	Indefinite

Business Acquisition, Pro Forma Information

The pro forma financial information of the Company’s consolidated operations if the acquisition of DT Media, Inc. had occurred as of April 1, 2014 is presented below.

	Unaudited
	Year Ended March 31, 2015
Revenues	$	57,978
Cost of goods sold	45,580
Gross profit	12,398
Operating expenses	43,644
Loss from operations	31,246
Non-operating expense	3,372
Provision for income taxes	541
Net loss	$	35,159
Basic and diluted loss per share	$	0.90

Combined Consolidated Operating Results

The operating results of DT Media are included in the accompanying consolidated statements of operations from the acquisition date. The combined consolidated operating results from the acquisition date to March 31, 2015 are included in the table below. The combined consolidated operating results for fiscal 2016 include a full year of operating results of DT Media.

	Unaudited
Revenues	$	3,251
Cost of goods sold	3,227
Gross profit	24
Operating expenses	1,194
Loss from operations	1,170
Non-operating expense	113
Provision for income taxes	—
Net loss	$	1,283