Acquisitions (Tables)

9 Months Ended

Dec. 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

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
		2015		2014		2015		2014
	(in $000's)				(in $000's)
Revenue	$	85,795	$	62,005	$	235,586	$	162,766
Income before income tax provision		17,498		13,665		45,611		16,409
Net income		10,555		12,686		27,149		14,920