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Business Combinations (Tables)
12 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Summary of Purchase Price Allocation

The total preliminary purchase price for the acquisitions of Topaz, Medfusion, and OTTO are summarized as follows:

 

 

Topaz

 

 

Medfusion

 

 

OTTO

 

 

Preliminary

 

 

Preliminary

 

 

Preliminary

 

 

Purchase Price

 

 

Purchase Price

 

 

Purchase Price

 

Initial preliminary purchase price

$

8,000

 

 

$

43,000

 

 

$

22,000

 

Settlement of pre-existing net liabilities

 

1,671

 

 

 

24

 

 

 

19

 

Fair value of contingent consideration

 

1,850

 

 

 

 

 

 

 

Preliminary working capital adjustment

 

(344

)

 

 

(247

)

 

 

(59

)

Total preliminary purchase price

$

11,177

 

 

$

42,777

 

 

$

21,960

 

 

 

 

 

 

 

 

 

 

 

 

 

Preliminary fair value of the net tangible assets acquired and liabilities assumed:

 

 

 

 

 

 

 

 

 

 

 

Acquired cash and cash equivalents

$

353

 

 

$

204

 

 

$

102

 

Accounts receivable

 

1,528

 

 

 

986

 

 

 

51

 

Prepaid expense and other assets

 

139

 

 

 

387

 

 

 

79

 

Equipment and improvements

 

194

 

 

 

434

 

 

 

 

Operating lease assets

 

534

 

 

 

 

 

 

 

Accounts payable

 

(224

)

 

 

(1,360

)

 

 

(2

)

Accrued compensation and related benefits

 

(155

)

 

 

(270

)

 

 

(123

)

Contract liabilities

 

(370

)

 

 

(529

)

 

 

(11

)

Deferred income tax liability

 

 

 

 

(953

)

 

 

 

Operating lease liabilities

 

(240

)

 

 

 

 

 

 

Operating lease liabilities, net of current

 

(360

)

 

 

 

 

 

 

Other liabilities

 

(102

)

 

 

(496

)

 

 

(26

)

Total preliminary net tangible assets acquired and liabilities assumed

 

1,297

 

 

 

(1,597

)

 

 

70

 

Preliminary fair value of identifiable intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

5,380

 

 

 

23,524

 

 

 

19,490

 

Software technology

 

4,500

 

 

 

13,800

 

 

 

2,400

 

Customer relationships

 

 

 

 

6,800

 

 

 

 

Trade names

 

 

 

 

250

 

 

 

 

Total preliminary identifiable intangible assets acquired

 

9,880

 

 

 

44,374

 

 

 

21,890

 

Total preliminary purchase price

$

11,177

 

 

$

42,777

 

 

$

21,960

 

The final purchase price for the acquisitions of Inforth, EagleDream, and Entrada are summarized as follows:

 

 

Inforth

 

 

EagleDream

 

 

Entrada

 

Initial purchase price

$

4,000

 

 

$

26,000

 

 

$

34,000

 

Settlement of pre-existing net liabilities

 

337

 

 

 

 

 

 

 

Working capital adjustment and other adjustments

 

 

 

 

(391

)

 

 

(42

)

Total purchase price

$

4,337

 

 

$

25,609

 

 

$

33,958

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Acquired cash and cash equivalents

$

25

 

 

$

573

 

 

$

102

 

Accounts receivable

 

6

 

 

 

217

 

 

 

1,836

 

Prepaid expense and other assets

 

 

 

 

20

 

 

 

145

 

Equipment and improvements

 

 

 

 

 

 

 

163

 

Capitalized software costs

 

 

 

 

 

 

 

364

 

Deferred income tax asset

 

 

 

 

 

 

 

117

 

Accounts payable

 

 

 

 

(115

)

 

 

(639

)

Accrued compensation and related benefits

 

(49

)

 

 

(691

)

 

 

(120

)

Contract liabilities

 

 

 

 

(394

)

 

 

(234

)

Deferred income tax liability

 

 

 

 

(1,707

)

 

 

 

Other liabilities

 

(22

)

 

 

(122

)

 

 

(444

)

Total net tangible assets acquired and liabilities assumed

 

(40

)

 

 

(2,219

)

 

 

1,290

 

Fair value of identifiable intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

1,177

 

 

 

14,428

 

 

 

17,268

 

Software technology

 

3,200

 

 

 

12,800

 

 

 

10,500

 

Customer relationships

 

 

 

 

600

 

 

 

3,300

 

Trade names

 

 

 

 

 

 

 

1,600

 

Total identifiable intangible assets acquired

 

4,377

 

 

 

27,828

 

 

 

32,668

 

Total purchase price

$

4,337

 

 

$

25,609

 

 

$

33,958