Acquisitions (Tables)

9 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

In accordance with ASC 805, the purchase price consideration was allocated as follows (in thousands):

Land	$	2,794
Building	8,439
Site Improvements	798
Tenant Improvements	269
In-place lease and other intangibles	1,108
	$	13,408

The following table outlines the consideration transferred and purchase price allocation at the respective fair values as of February 10, 2022 (in thousands):

	February 10, 2022
ASSETS
Accounts Receivable	$	715
Other current assets	67
Property, plant and equipment, net	40
Intangible - Proprietary Database	2,576
Intangible - Customer Relationships	7,267
Total assets	10,665
LIABILITIES
Accounts payable	15
Accrued expenses and deferred revenue	1,670
Deferred income tax liabilities, net	2,460
Total liabilities	4,145
Net assets acquired	$	6,520

Schedule of Total Consideration

Total consideration is summarized in the table below (in thousands):

	February 10, 2022
Consideration paid	$	15,256
Less: Cash acquired	(2,452)
Less: Net assets acquired	(6,520)
Goodwill	$	6,284

Schedule of Recognized Identified Operations

The following table sets forth the revenue and expenses of GdW, prior to intercompany eliminations, that are included in the Company’s condensed consolidated statement of income for the fiscal year ended March 31, 2022 (in thousands):

	Income Statement Post-Acquisition
Revenue	$	887
Cost of Sales	145
Operating Expenses	701
Operating Income	41
Non-operating income	19
Net income	$	60