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Business Combinations and Disposals (Tables)
6 Months Ended
Sep. 30, 2023
Business Disposition [Abstract]  
Summary of Purchase Price Allocation

 

 

 

 

 

 

 

Purchase Price

 

Initial purchase price

$

50,449

 

Fair value of contingent consideration

 

3,700

 

Payment for option to early terminate lease

 

2,000

 

Working capital adjustment

 

(430

)

Total purchase price

$

55,719

 

 

 

 

Fair value of the net tangible assets acquired and liabilities assumed:

 

 

Cash and cash equivalents

$

717

 

Accounts receivable

 

2,011

 

Contract assets

 

1,415

 

Prepaid expense and other assets

 

308

 

Equipment and improvements

 

879

 

Contract assets, net of current

 

2,581

 

Operating lease assets

 

957

 

Deferred income tax asset

 

1,028

 

Other assets

 

50

 

Accounts payable

 

(1,773

)

Accrued compensation and related benefits

 

(917

)

Contract liabilities

 

(6,247

)

Operating lease liabilities

 

(533

)

Other current liabilities

 

(964

)

Contract liabilities, net of current

 

(11,644

)

Operating lease liabilities, net of current

 

(639

)

Total net tangible assets acquired and liabilities assumed

 

(12,771

)

Fair value of identifiable intangible assets acquired:

 

 

Goodwill

 

54,790

 

Re-acquired rights

 

6,250

 

Customer relationships

 

5,500

 

Data health database

 

1,950

 

Total identifiable intangible assets acquired

 

68,490

 

Total purchase price

$

55,719