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Equity Method Investments and Related-Party Transactions (Tables)
12 Months Ended
Mar. 31, 2022
Equity Method Investments And Related Party Transactions [Abstract]  
The Difference Between Carrying Value of Investment in EBI and Proportionate Share of Net Assets of EBI and Summary of Condensed Financial Information of Significant Non-consolidated Equity Method Investment

The difference between the Company’s carrying value of its investment in EBI and its proportionate share of the net assets of EBI as of March 31, 2021 is summarized as follows:

 

 

 

As of March 31, 2021

 

 

 

(In thousands)

 

Carrying value of investment in EBI

 

$

176,938

 

Less: proportionate share of net assets of EBI

 

 

159,394

 

Excess carrying value of investment over
   proportionate share of net assets

 

$

17,544

 

The excess carrying value has been primarily assigned
   to:

 

 

 

Goodwill

 

$

23,978

 

Identifiable intangible assets

 

 

8,332

 

Tangible assets

 

 

(15,781

)

Deferred income taxes

 

 

1,015

 

 

 

$

17,544

 

Schedule of Related Party Transactions The following tables set forth the material related-party transactions entered into between EBI and its subsidiaries, on the one hand, and the Company and its subsidiaries, on the other hand, in the ordinary course of business for the time periods presented:

 

 

 

Fiscal Years Ended

 

 

 

March 31,
 2021

 

 

March 31,
 2020

 

 

 

(In thousands)

 

Revenue – EBI

 

$

10,619

 

 

$

9,993

 

Expense – EBI

 

 

16,341

 

 

 

18,854

 

Cash received – EBI

 

 

10,800

 

 

 

12,848

 

Cash paid – EBI

 

 

27,079

 

 

 

13,463

 

 

 

 

As of
March 31, 2021

 

 

 

(In thousands)

 

Collections in excess of revenues and deferred
   revenues – EBI

 

$

6,013