ACQUISITION, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

9 Months Ended

Dec. 31, 2019

Business Acquisition, Pro Forma Information [Table Text Block]



	Pro Forma (unaudited)
	Nine Months Ended December 31,
(in thousands)	2018
Total net revenues	$	1,465,841
Operating loss	(125,395		)
Net loss	$	(152,712	)

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

The 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	165,798
Inventories	109,074
Prepaid expenses and other current assets	68,558
Property and equipment, net	79,497
Intangible assets	985,400
Other assets	27,237
Total assets acquired	$	1,515,703

LIABILITIES
Accounts payable	$	80,653
Accrued payroll and related liabilities	44,538
Accrued expenses	147,167
Income tax payable	27,044
Deferred revenue	115,061
Deferred income taxes	94,618
Other liabilities	54,394
Total liabilities assumed	$	563,475

Total identifiable net assets acquired	952,228
Goodwill	1,264,417
Total Purchase Price	$	2,216,645

Details of acquired intangible assets



(in thousands, except for remaining life)	Fair Value		Weighted Remaining Life of Intangibles
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 R&D	58,000
Total acquired intangible assets	$	985,400

Details of acquired intangible assets



(in thousands, except for remaining life)	Fair Value		Weighted Remaining Life of Intangibles
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 R&D	58,000
Total acquired intangible assets	$	985,400