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ACQUISITIONS: (Tables)
12 Months Ended
Mar. 31, 2020
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition The acquisition date fair value of the consideration for DPM was approximately $118.0 million, which consisted of the following (dollars in thousands):
Cash, net of $0.4 million cash acquired
$100,886  
Restricted cash held in escrow14,815  
Fair value of replacement stock options considered a component of purchase price2,300  
Total fair value of consideration transferred$118,001  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):
 
April 2, 2019
Assets acquired:
Cash$35  
Trade accounts receivable63  
Goodwill3,110  
Intangible assets1,700  
Other current and noncurrent assets126  
Total assets acquired5,034  
Deferred income taxes(194) 
Accounts payable and accrued expenses(326) 
Net assets acquired4,514  
Less:
Cash acquired(35) 
Net cash paid$4,479  
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):
Useful life
Fair value(in years)
Developed technology$11,000  4
Data supply relationships16,000  4
Customer relationships6,000  4
Trademarks1,000  2
Total intangible assets$34,000  
Schedule of Business Acquisition, Pro Forma Information
The unaudited pro forma financial information for the years ended March 31, 2020 and 2019, respectively, combined the historical results of LiveRamp for the years ended March 31, 2020 and 2019 and the historical results of DPM for the years ended December 31, 2019 and 2018 (adjusted due to differences in reporting periods) and the effects of the pro forma adjustments listed above. The unaudited pro forma financial information was as follows (dollars in thousands, except per share data):
Year ended March 31,
20202019
Revenues$381,501  $287,467  
Net earnings (loss)$(129,211) $1,010,241  
Basic earnings (loss) per share$(1.91) $13.47  
Diluted earnings (loss) per share$(1.91) $13.47  
Data Plus Math Corporation  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):
July 2, 2019
Assets acquired:
Cash$438  
Trade accounts receivable957  
Goodwill90,619  
Intangible assets34,000  
Other current and noncurrent assets1,186  
Total assets acquired127,200  
Deferred income taxes(6,034) 
Accounts payable and accrued expenses(2,727) 
Net assets acquired118,439  
Less:
Cash acquired(438) 
Net purchase price allocated118,001  
Less:
Restricted cash held in escrow(14,815) 
Fair value of replacement stock options considered a component of purchase price(2,300) 
Net cash paid in acquisition$100,886  
Pacific Data Partners LLC  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):
February 14, 2018
Assets acquired:
Cash$228  
Trade accounts receivable224  
Intangible assets2,200  
Goodwill3,260  
Total assets acquired5,912  
Accounts payable and accrued expenses(706) 
Net assets acquired5,206  
Less:
Funds held in escrow(500) 
Cash acquired(228) 
Net cash paid$4,478