ACQUISITION (Tables)

12 Months Ended

Mar. 31, 2019

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	165,449
Inventories	109,074
Prepaid expenses and other current assets	68,451
Property and equipment, net	79,497
Intangible assets	985,400
Other assets	27,237
Total assets acquired	$	1,515,247

LIABILITIES
Accounts payable	$	80,653
Accrued payroll and related liabilities	44,538
Accrued expenses	144,051
Income tax payable	27,044
Deferred revenue	115,061
Deferred income taxes	98,342
Other liabilities	51,796
Total liabilities assumed	$	561,485

Total identifiable net assets acquired	953,762
Goodwill	1,262,883
Total Purchase Price	$	2,216,645

Details of acquired intangible assets

The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized:



(in thousands, except for remaining life)	Fair Value		Weighted-Average Amortization Period
Existing technology	$	538,600	4.95
Customer relationships	245,100		5.46
Trade name/Trademarks	115,600		9.00
Backlog	28,100		0.25
Total amortizable intangible assets acquired	927,400		5.45
In-process research and development	58,000
Total acquired intangible assets	$	985,400

The carrying value of other intangible assets, excluding fully amortized intangible assets as of March 31, 2019, is set forth in the following table:



(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life
Amortizing Assets
Existing technology	$	566,881	$	86,301	$	480,580	4.2 years
Customer relationships	245,481		36,245		209,236		4.8 years
Trade name	115,600		9,633		105,967		8.3 years
Non-amortizing assets
In-process R&D	29,892		—		29,892		N/A
Total intangible assets	$	957,854	$	132,179	$	825,675	4.9 years

Details of acquired intangible assets

The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized:



(in thousands, except for remaining life)	Fair Value		Weighted-Average Amortization Period
Existing technology	$	538,600	4.95
Customer relationships	245,100		5.46
Trade name/Trademarks	115,600		9.00
Backlog	28,100		0.25
Total amortizable intangible assets acquired	927,400		5.45
In-process research and development	58,000
Total acquired intangible assets	$	985,400

The carrying value of other intangible assets, excluding fully amortized intangible assets as of March 31, 2019, is set forth in the following table:



(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life
Amortizing Assets
Existing technology	$	566,881	$	86,301	$	480,580	4.2 years
Customer relationships	245,481		36,245		209,236		4.8 years
Trade name	115,600		9,633		105,967		8.3 years
Non-amortizing assets
In-process R&D	29,892		—		29,892		N/A
Total intangible assets	$	957,854	$	132,179	$	825,675	4.9 years

Pro forma information



	Pro Forma (unaudited)
	Fiscal Year Ended March 31,
(in thousands)	2018			2019
Total net revenues	$	1,892,971		$	2,008,245
Operating income (loss)	(208,234		)	18,929
Net loss	$	(379,032	)	$	(38,516	)