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ACQUISITIONS: (Tables)
12 Months Ended
Mar. 31, 2015
Schedule of finite-lived intangible assets acquired

The following table shows the amortization activity of purchased intangible assets (dollars in thousands):

 

 

 

2015

 

2014

 

2013

 

Developed technology assets, gross (Software)

 

$

42,524

 

$

3,485

 

$

18,014

 

Accumulated amortization

 

(9,924

)

(3,297

)

(17,881

)

Net developed technology assets

 

$

32,600

 

$

188

 

$

133

 

 

 

 

 

 

 

 

 

Customer/trademark assets, gross (Other assets)

 

$

34,166

 

$

7,674

 

$

18,823

 

Accumulated amortization

 

(11,265

)

(7,393

)

(18,259

)

Net customer/trademark assets

 

$

22,901

 

$

281

 

$

564

 

 

 

 

 

 

 

 

 

Total intangible assets, gross

 

$

76,690

 

$

11,159

 

$

36,837

 

Total accumulated amortization

 

(21,189

)

(10,690

)

(36,140

)

Net intangible assets

 

$

55,501

 

$

469

 

$

697

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

11,447

 

$

340

 

$

1,671

 

 

LiveRamp Inc  
Schedule of fair value of consideration transferred

   The acquisition date fair value of the consideration transferred for LiveRamp was approximately $272.7 million which consisted of the following (dollars in thousands):

 

 

 

July 1, 2014

 

Cash, net of $12.0 million cash acquired

 

$

234,672 

 

Restricted cash held in escrow

 

31,000 

 

Fair value of stock options issued included in purchase price

 

6,978 

 

Total fair value of consideration transferred

 

$

272,650 

 

 

Schedule of allocation of the purchase prices to assets acquired and liabilities assumed

The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of the acquisition (dollars in thousands):

 

 

 

July 1, 2014

 

Assets acquired:

 

 

 

Cash

 

$

12,016

 

Trade accounts receivable

 

5,206

 

Deferred income tax assets

 

10,444

 

Goodwill

 

213,093

 

Developed technology (Software)

 

40,000

 

Other intangible assets (Other assets, net)

 

26,500

 

Other current and noncurrent assets

 

1,306

 

 

 

308,565

 

Deferred income tax liabilities

 

(18,945

)

Accounts payable, accrued expenses and deferred revenue

 

(4,954

)

Net assets acquired

 

284,666

 

Less:

 

 

 

Cash acquired

 

12,016

 

Net purchase price allocated

 

$

272,650

 

Less:

 

 

 

Fair value of stock options issued included in purchase price

 

6,978

 

Net cash paid

 

$

265,672

 

 

Schedule of finite-lived intangible assets acquired

The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):

 

 

 

Fair value

 

Useful life
 (in years)

 

Developed technology

 

$

40,000 

 

 

Customer relationships

 

25,000 

 

 

Trade name

 

1,500 

 

 

Total intangible assets subject to amortization

 

$

66,500 

 

 

 

 

Condensed consolidated statement of operations information

The amounts of revenue and loss of LiveRamp included in the Company’s consolidated statement of operations from the acquisition date of July 1, 2014 to March 31, 2015 are as follows (dollars in thousands):

 

Revenues

 

$

27,030

 

Net loss

 

$

(16,549

)

 

Schedule of pro forma results for LiveRamp as part of the Company

Following are the Company’s supplemental consolidated results on an unaudited pro forma basis, as if the LiveRamp acquisition had taken place at the beginning of each of the fiscal years presented (dollars in thousands, except per-share amounts):

 

 

 

2015

 

2014

 

Revenues

 

$

1,026,767

 

$

1,081,518

 

Net loss attributable to Acxiom

 

$

(16,402

)

$

(11,936

)

Diluted loss per share

 

$

(0.21

)

$

(0.16

)