Acquisitions (Tables)

9 Months Ended

Dec. 31, 2014

Fair Value of the Consideration Transferred

The acquisition-date fair value of the consideration transferred is as follows:

	Total Acquisition Date Fair Value (in thousands)
Cash consideration	$	15,750
Contingent consideration		6,000
Total consideration transferred	$	21,750

Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed on July 1, 2014, the date of acquisition (in thousands):

Acquired assets:
Cash and cash equivalents	$	53
Accounts receivable		25
Property and equipment		619
In-process research and development		18,500
Goodwill		1,964
Long-term deferred tax assets		874
Other assets acquired		141
Total assets acquired		22,176
Liabilities assumed:
Accounts payable		295
Accrued liabilities		131
Total liabilities assumed		426
Net assets acquired	$	21,750

Pro Forma Consolidated Financial Information

	Three Months Ended December 31,				Nine Months Ended December 30,
	2014		2013		2014		2013
	(in $000’s)				(in $000’s)
Revenue	$	62,005	$	46,202	$	162,766	$	133,244
Income before income tax provision		13,665		3,910		16,409		2,096
Net income		12,686		3,652		14,920		1,057