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Equity Method Investments and Related-Party Transactions (Tables)
6 Months Ended
Sep. 30, 2020
Equity Method Investments And Related Party Transactions [Abstract]  
The Difference Between Carrying Value of Investment in Euro Infrastructure Co. and Proportionate Share of Net Assets of Euro Infrastructure Co. 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 Euro Infrastructure Co. and its proportionate share of the net assets of Euro Infrastructure Co. as of September 30, 2020 and March 31, 2020 is summarized as follows:

 

 

 

As of

September 30, 2020

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Carrying value of investment in Euro Infrastructure Co.

 

$

162,168

 

 

$

160,204

 

Less: proportionate share of net assets of Euro

   Infrastructure Co.

 

 

146,428

 

 

 

144,769

 

Excess carrying value of investment over

   proportionate share of net assets

 

$

15,740

 

 

$

15,435

 

The excess carrying value has been primarily

   assigned to:

 

 

 

 

 

 

 

 

Goodwill

 

$

22,042

 

 

$

21,777

 

Identifiable intangible assets

 

 

8,125

 

 

 

8,799

 

Tangible assets

 

 

(15,422

)

 

 

(16,142

)

Deferred income taxes

 

 

995

 

 

 

1,001

 

 

 

$

15,740

 

 

$

15,435

 

Schedule of Related Party Transactions The following tables set forth the material related-party transactions entered into between Euro Infrastructure Co. 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:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2020

 

 

September 30, 2019

 

 

September 30, 2020

 

 

September 30, 2019

 

 

 

(In thousands)

 

Revenue – Euro Infrastructure Co.

 

$

*

 

 

$

4,599

 

 

$

1,424

 

 

$

8,352

 

Expense – Euro Infrastructure Co.

 

 

4,004

 

 

 

5,708

 

 

 

8,168

 

 

 

8,905

 

Cash received – Euro Infrastructure Co.

 

 

4,820

 

 

 

1,490

 

 

 

8,222

 

 

 

2,352

 

Cash paid – Euro Infrastructure Co.

 

 

4,886

 

 

 

4,462

 

 

 

13,080

 

 

 

7,456

 

 

 

 

As of

September 30, 2020

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Collections in excess of revenues and deferred

   revenues – Euro Infrastructure Co.

 

$

12,630

 

 

$

5,832

 

Accounts payable – Euro Infrastructure Co.

 

*

 

 

 

5,446

 

 

*Amount was insignificant.