ACQUISITION, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

6 Months Ended

Sep. 30, 2018

Schedule of preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed

The preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date is as follows:



(in thousands)	July 2, 2018
ASSETS
Cash and cash equivalents	$	80,139
Trade receivables, net	168,595
Inventories	107,820
Prepaid expenses and other current assets	32,551
Property and equipment, net	80,310
Intangible assets	985,400
Other assets	28,572
Total assets acquired	$	1,483,387

LIABILITIES
Accounts payable	$	81,854
Accrued payroll and related liabilities	45,317
Accrued expenses	120,167
Income tax payable	30,153
Deferred revenue	114,264
Deferred income taxes	150,112
Other liabilities	35,912
Total liabilities assumed	$	577,779

Total identifiable net assets acquired	905,608
Goodwill	1,319,036
Total Purchase Price	$	2,224,644

Details of acquired intangible assets

The details of the acquired intangible assets are as follows:



(in thousands, except for remaining life)	Value as of July 2, 2018		Amortization for the Three Months Ended September 30, 2018		Value as of September 30, 2018		Weighted Remaining Life of Intangibles
Existing technology	$	538,600	$	27,568	$	511,032	4.71
In-process technology	58,000		—		58,000		N/A
Customer relationships	245,100		12,066		233,034		5.22
Backlog	28,100		28,100		—		0
Trade name/Trademarks	115,600		3,211		112,389		8.75
Total acquired intangible assets	$	985,400	$	70,945	$	914,455

Details of acquired intangible assets

The details of the acquired intangible assets are as follows:



(in thousands, except for remaining life)	Value as of July 2, 2018		Amortization for the Three Months Ended September 30, 2018		Value as of September 30, 2018		Weighted Remaining Life of Intangibles
Existing technology	$	538,600	$	27,568	$	511,032	4.71
In-process technology	58,000		—		58,000		N/A
Customer relationships	245,100		12,066		233,034		5.22
Backlog	28,100		28,100		—		0
Trade name/Trademarks	115,600		3,211		112,389		8.75
Total acquired intangible assets	$	985,400	$	70,945	$	914,455

Schedule of goodwill

The following summarizes our goodwill activity for the six months ended September 30, 2018:



(in thousands)	Amount
Goodwill- March 31, 2018	$	15,498
Polycom Acquisition	1,319,036
Goodwill- September 30, 2018	$	1,334,534

Pro forma information



	Pro Forma (unaudited)
	Three Months Ended September 30,					Six Months Ended September 30,
(in thousands)	2017		2018			2017			2018
Total net revenues	$	483,233	$	511,639		$	920,404		$	1,002,524
Operating income (loss)	3,270		21,298			(117,252		)	2,468
Net income (loss)	$	250	$	(1,026	)	$	(116,516	)	$	(30,209	)