Acquisitions (Tables)

12 Months Ended

Mar. 31, 2015

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

Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the 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		1,874
Other assets acquired		141
Total assets acquired		23,176
Liabilities assumed:
Accounts payable		295
Accrued liabilities		131
Long-term deferred tax liabilities		1,000
Total liabilities assumed		1,426
Net assets acquired	$	21,750

Pro Forma Consolidated Financial Information

	Year Ended March 31,
	2015		2014
	(in $000’s)
Revenue	$	230,323	$	183,689
Income before income taxes		28,871		4,802
Net income		113,794		3,623