ACQUISITION, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

9 Months Ended

Dec. 31, 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	166,067
Inventories	107,842
Prepaid expenses and other current assets	66,491
Property and equipment, net	80,310
Intangible assets	985,400
Other assets	27,237
Total assets acquired	$	1,513,486

LIABILITIES
Accounts payable	$	81,395
Accrued payroll and related liabilities	44,538
Accrued expenses	136,823
Income tax payable	32,513
Deferred revenue	115,061
Deferred income taxes	104,242
Other liabilities	39,390
Total liabilities assumed	$	553,962

Total identifiable net assets acquired	959,524
Goodwill	1,257,121
Total Purchase Price	$	2,216,645

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 Nine Months Ended December 31, 2018		Value as of December 31, 2018		Weighted Remaining Life of Intangibles
Existing technology	$	538,600	$	55,135	$	483,465	4.46
In-process technology	58,000		—		58,000		N/A
Customer relationships	245,100		24,133		220,967		5
Backlog	28,100		28,100		—		—
Trade name/Trademarks	115,600		6,422		109,178		8.50
Total acquired intangible assets	$	985,400	$	113,790	$	871,610

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 Nine Months Ended December 31, 2018		Value as of December 31, 2018		Weighted Remaining Life of Intangibles
Existing technology	$	538,600	$	55,135	$	483,465	4.46
In-process technology	58,000		—		58,000		N/A
Customer relationships	245,100		24,133		220,967		5
Backlog	28,100		28,100		—		—
Trade name/Trademarks	115,600		6,422		109,178		8.50
Total acquired intangible assets	$	985,400	$	113,790	$	871,610

Schedule of goodwill

The following summarizes the Company's goodwill activity for the nine months ended December 31, 2018:



(in thousands)	Amount
Goodwill- March 31, 2018	$	15,498
Polycom Acquisition	1,257,121
Goodwill- December 31, 2018	$	1,272,619

Pro forma information



	Pro Forma (unaudited)
	Three Months Ended December 31,						Nine Months Ended December 31,
(in thousands)	2017			2018			2017			2018
Total net revenues	$	498,744		$	523,662		$	1,419,151		$	1,526,182
Operating loss	(69,472		)	14,132			(186,721		)	16,597
Net loss	$	(211,180	)	$	(9,273	)	$	(327,693	)	$	(39,485	)